Materiality Analysis

102-46 An important component of our Sustainability Strategy is the Materiality Analysis through which we identify, prioritize, and validate material topics for our organization. When we determined our material topics, social, economic and environmental impacts were taken into consideration, as well as the boundaries, positive or negative impacts, of each one of them. The level of relevance of each topic for stakeholders, as well as their associated impacts, were taken into consideration in order to determine which topics were the most important to our organization.

Our materiality assessment, which is performed biannually, takes into consideration the opinions and interests of our stakeholders, as well as the principles and guidelines set by our Sustainability Policy, emerging and current risks and opportunities, our strategic priorities, and our commitment to national and international initiatives. The process is as follows:

ico_Identification
Identification
We research national and international trends and review good practices and innovative approaches. Also, we conduct a detailed peer review, map our risks and opportunities, and finally come up with a list of potential material topics.

This first step is carried out based on research of publicly available information and consultations with our stakeholders.

ico_prioritization
Prioritization
In the prioritization phase we contrast the company’s strategic priorities and commitment to national and international frameworks with the perceptions of key stakeholders, with whom we hold a series of workshops and meetings.
ico_validation
Validation
In this phase, the results of the identification and prioritization phases are consolidated and taken to the Executive Committee for approval.

Our materiality Analysis, takes into consideration the opinions and interests of our stakeholders as well as the principles and guidelines set by our Sustainability Policy, EMERGING and current risks and opportunities, among other inputs.

Employees at Roberta Plant, USA Region

Material topics (h4)


Innovation

Energy and Co-processing

Profitability and Capital Structure

Sustainable Construction and Materials

Supplier Development and Management

CO2 Emissions and Climate Change

Expansion and Consolidation

Water Management

Ocupational Health and Safety

Talent Management

Customer Relationship Management

Compliance

Community Engagement

Biodiversity

Other Air Emissions

Other relevant topics (h4)


Operation Models Standardization

Human Rights

Antitrust

Fight Against Fraud, Corruption, Money Laundering and Terrorism Financing

Waste Management

Economic Impact

Product Safety and Quality

Political Contributions