Focus on material issues

Outokumpu has surveyed its stakeholders opinions on what are material aspects in sustainability in 2015. A total of 438 stakeholders participated, including 85 customers, 59 suppliers, 231 employees as well as investors, authorities and NGOs, through different actions.

Customers participated in the Outokumpu Experience 2015 customer event, and all suppliers were contacted via a letter from our CEO, while employees were requested to participate via Outokumpu’s intranet. The authorities and NGOs were included by Outokumpu’s network of personal contacts. Outokumpu’s own assessment of material aspects was discussed and assessed by Group experts involved in corporate responsibility, as well as by the leadership.

Some of the topics have been grouped:

  • Resource efficiency: Energy efficiency, supply of sustainable energy and recycling and circular economy
  • Environmental impact: Management of emissions into air, of water, of waste and impact on land use and biodiversity
  • Compliance: Ethical business conduct and compliance
  • Accountable and transparent governance and reporting: Accountable and transparent governance and reporting including tax transparency.

Important both for Outokumpu business and stakeholders

  • Safe and healthy workplace
  • Resource Efficiency (Material and Energy)
  • Accountable and transparent governance and reporting
  • Product responsibility and quality

Important from stakeholders point of view

  • Environmental impacts
  • Management of toxics and chemicals
  • Labor Practices, Human Rights
  • Sustainable Supply Chain
  • Climate Change

The assessment of the materiality issues resulted in most being of high significance and only a few being of medium significance for both Outokumpu and the Group's stakeholders, and Outokumpu continues to report on the development on all of the resulting material aspects. 

Outokumpu material issues and GRI G4 material aspects and aspect boundaries

GRI G4 aspect​​Aspect boundariesOutokumpu's material issue​
Economic
Economic performance​Group​​Commitment to sustainable leadership, sustainable driven commercial opportunities, accountable transparent governance and reporting
​Indirect economic impactGroup​Accountable transparent governance and reporting, compliance, stakeholder engagement, changes in legistlation and taxation​
​Procurement practicesSuppliers​Sustainable supply chain​
Environmental
​MaterialsOperation sites​Resource efficiency​
​EnergyOperation sites​Resource efficiency​
​Water​Operation sites, especially Mexico​Environmental impact
​Biodiversity​Operation sites Calvert, Dahlerbrück, Kemi and TornioEnvironmental impact​
​EmissionsOperations sites​Environmental impact​
​Effluents and wasteOperation sites​Environmental impact​
​Products and servicesGroup​Management of toxic and chemicals​
Compliance​Operation sites​​Compliance
​Transport​Operation site, service centers, Group for business travelling​Transport and logistics
​Overall​Group​Climate change
​Supplier environmental assessment​Group​Sustainable supply chain
Social
​Labor practices and decent work
​EmploymentGroup​​Labor practices, human rights, restructuring and closures
Occupational health and safety​​Group​Management of toxic and chemicals, safe and healthy workplace
​Training and educationGroup​Human resources development​
​Diversity and equal opportunityGroup​Labor practices and human rights​
​Human rights
​Supplier human rights assessmentGroup​​Sustainable supply chain, labor practice and human rights
Society
​Local communitiesOperation sites​Community relations and development​
​Anti-corruption​GroupCompliance​
​Public policy​Group​Compliance
​Anti-competitive behaviour​Group, associations and federations​Compliance
​Compliance​Group ​Compliance, changes in legislation
Product responsibility
​Customer health and safety​Group​Product responsibility and safety
​Product and service labeling​Group​Management systems and product certification
​Compliance​Group​Product responsibility, safety, compliance