The process of identifying material topics included: analysis of the 2021 material topics matrix and topics from industry guidelines and ratings (S&P, SASB), material topics identified in the draftee of the future EU ESRS reporting standard and the weighting of topics given by stakeholders in the previous materiality analysis process. In addition, themes of materiality were identified from industry sustainability leaders for the purpose of this process. An assessment of the materiality of KGHM’s impact on people and the environment and an assessment of financial materiality for the identified themes were also included.
Table of contents
The materiality analysis of ESG topics was carried out in December 2022 as part of the process of preparing the Statement on Non-Financial Information of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group for 2022.
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As a result of the above analysis, it was determined that the material reporting topics of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group adopted in 2021 were still valid in 2022. However, the perspective of assessment of these topics changed: instead of materiality for the Company and stakeholders, the materiality of the impact of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group on people and the environment and financial materiality was assessed.
In the process of assessing the social and environmental impact in the context of the reporting aspect evaluated and the financial impact assessment, the results of the Company’s risk analysis were taken into account: identified related risks were assigned to each topic.
In assessing the social and environmental impact, the probability of the occurrence of risks of negative impact of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Groupon people and/orthe environment (ona scalefrom 0 to 5) and the severity of the effects for people and/or the environment of the materialisation of risks of negative impact of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group we retaken into account (on a scale from 0 to 5).The financial impact was rated on a scale from 0 to 5.
Chart below shows the identified topics that are material for stakeholders and have material social, environmental and economic impacts.
ESG materiality matrix of KGHM Polska Miedź S.A.
