Describe how you define and evaluate the materiality of ESG factors.
Materiality is assessed based on the companies operations and risk exposure. The IFC performance standards and sector standards highlight key areas for consideration. Third party consultants are also commissioned to assess risks and provide an analysis of company’s risk exposure and current mitigation measures. If the company is required to make adjustments these are included in action plans and presented to the board for review, costing and delegation of responsibility within the company.