According to the new materiality analysis, Outokumpu has five core focus areas for sustainability: Occupational health, safety and well-being; Responsible business practices; Energy management; Material efficiency and Customer experience.
As a basis for the materiality analysis, a third party conducted an extensive data study of the emerging trends in the steel industry and compared these trends with the material topics of Outokumpu’s main peers, customers and suppliers. This analysis was complemented with an overview of material issues found in global Environment, Social and Governance (ESG) and sustainability frameworks.
Based on this research an initial list of material topics was drafted and narrowed down to the 14 most material topics which were ranked and prioritized in an internal workshop. A questionnaire on material topics was answered by 21 customers during our customer event in Sweden in 2018. Additionally, interviews with three customers and three suppliers were conducted to gain a deeper insight into these stakeholder groups. The topics were ranked and prioritized by their importance to stakeholder groups and business impact.
The material topics were then mapped to the Sustainable Development Goals and compared to Outokumpu’s previous materiality matrix and strategy to identify potential gaps. In the final stage, a new materiality matrix was created based on the stakeholder rankings of material issues and the business impact of these issues to Outokumpu.
GRI standard material topics and disclosures
Download more information on material topics and their boundaries
| MATERIAL TOPICS ACCORDING TO GRI DISCLOSURE | |||
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Material topics according to GRI standard 102-47 |
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GRI standard disclosures |
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Environmental Impact |
303-1 |
Water withdrawal by source |
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304-1 |
Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas |
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305-7 |
Nitrogen oxides (NOX), sulfur oxides (SOX), and other significant air emissions |
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306-1 |
Water discharge by quality and destination |
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Management of toxics |
403-2 |
Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities |
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416-2 |
Incidents of non-compliance concerning the health and safety impacts of products and services |
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Climate change |
305-1 |
Direct (Scope 1) GHG emissions |
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305-2 |
Energy indirect (Scope 2) GHG emissions |
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305-3 |
Other indirect (Scope 3) GHG emissions |
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305-4 |
GHG emissions intensity |
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Resource efficiency |
301-2 |
Recycled input materials used |
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302-1 |
Energy consumption within the organization |
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302-3 |
Energy intensity |
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306-2 |
Waste by type and disposal method |
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Transport & Logistics |
305-3 |
Other indirect (Scope 3) GHG emissions |
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Commitment to Sustainability Leadership |
102-10 |
Significant changes to the organization and its supply chain |
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102-18 |
Governance structure |
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102-12 |
External initiatives |
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102-10 |
Significant changes to the organization and its supply chain |
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405-1 |
Diversity of governance bodies and employees |
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Management Systems & Product Certifications |
102-2 |
Activities, brands, products, and services |
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Sustainability Driven Commercial Opportunities |
203-2 |
Significant indirect economic impacts |
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Environmental Impact |
201-1 |
Direct economic value generated and distributed |
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Product Responsibility & Safety |
416-2 |
Incidents of non-compliance concerning the health and safety impacts of products and services |
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Accountable & Transparent Governance and Reporting |
405-1 |
Diversity of governance bodies and employees |
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Compliance |
307-1 |
Non-compliance with environmental laws and regulations |
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102-17 |
Mechanisms for advice and concerns about ethics |
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419-1 |
Non-compliance with laws and regulations in the social and economic area |
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206-1 |
Legal actions for anti-competitive behavior, anti-trust, and monopoly practices |
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205-2 |
Communication and training on anti-corruption policies and procedures |
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102-16 |
Values, principles, standards, and norms of behavior |
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Stakeholder Engagement |
102-40 |
List of stakeholder groups |
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102-42 |
Identifying and selecting stakeholders |
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102-43 |
Approach to stakeholder engagement |
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Sustainable Supply Chain |
204-1 |
Proportion of spending on local suppliers |
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308-1 |
Percentage of new suppliers that were screened using environmental criteria |
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414-1 |
New suppliers that were screened using social criteria |
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102-10 |
Significant changes to the organization and its supply chain |
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102-9 |
Supply chain |
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Labor Practices & Human Rights |
414-1 |
New suppliers that were screened using social criteria |
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404-2 |
Programs for upgrading employee skills and transition assistance programs |
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Safe & Healthy Workplace |
403-2 |
Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities |
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Human Resource Development |
401-1 |
New employee hires and employee turnover |
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405-1 |
Diversity of governance bodies and employees |
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102-8 |
Information on employees and other workers |
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Restructuring Investments and Closures |
203-2 |
Significant indirect economic impacts |
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Community Relations & Development |
413-2 |
Operations with significant actual and potential negative impacts on local communities |
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415-1 |
Political contributions |
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201-2 |
Financial implications and other risks and opportunities due to climate change |
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