Materiality

Environment

Materiality

Macmahon is committed to improving its sustainability performance and reporting and in late 2020 interviewed its internal and external stakeholders to conduct a materiality assessment to inform its sustainability reporting. The materiality assessment has involved:

  • Identifying potential material topics based on a preliminary assessment of global sustainability reporting standards, peer company sustainability reporting , investor interests and priorities and ESG risks
  • Prioritising material topics by engaging with internal and external stakeholders (investors, brokers, clients and suppliers) to determine topics that most reflect Macmahon’s significant impacts and substantively influence the assessments and decisions of stakeholders, and
  • Validating material topics by assessing engagement results and determining material topics to be reported by Macmahon in its future sustainability reporting.

Material topics for Macmahon sustainability reporting

Material topics for Macmahon’s sustainability reporting are outlined in Table 1. It is possible that some identified material topics may not be able to be fully reported by Macmahon in its next sustainability report as it may take time to establish appropriate measures or indicators and gather data.

Table 1
Material Topics Explanation
Governance  
1. Corporate governance We are committed to ensuring that our obligations and responsibilities to various stakeholders are fulfilled through appropriate corporate governance practices.
2. Business ethics and transparency Ethical business practices and transparency underpin our business. Integrity is one of our core values and we expect all employees to act lawfully, ethically and responsibly.
3. Risk management We implement systems and processes to identify, assess and manage risks that have the potential to materially impact on our operations, people, reputation, and financial results. [Note: material risks are reported in Macmahon’s Annual Report]
Economic  
4. Financial and operating performance We are committed to creating a sustainable business with a strong focus on operational and financial efficiency. Our vision is to be a premium provider of contract mining services, delivering consistent returns and stable employment. [Note: this is reported in Macmahon’s operating and financial review and financial statements in the Annual Report]
Environment  
5. Climate change We seek continual improvements in our energy mix and in energy efficiency across our business to reduce the carbon intensity of our operations and minimise the impact on the environment.
6. Land rehabilitation We complete earthworks and revegetation on land disturbed by mining activities to ensure it is compliant, stable, safe and suitable for post-closure use.
7. Water management We sustainably manage water resources and reduce impacts on water quality associated with our mining operations.
8. Waste management We minimise waste and are committed to ensuring that all waste materials are disposed of in an approved and environmentally responsible manner. Waste management covers reduction, reuse and recycling and hazardous waste management.
9. Environmental incidents, impacts and compliance We implement environmental management strategies and plans to ensure compliance with all legal requirements regarding important issues, such as biodiversity, waste, hazardous substances, water, noise and cultural heritage management.
Social  
10. Safety Safety is one of our core values and improving our safety performance across all operations remains a priority. We lead by example and promote a “zero-harm culture” through robust safety systems, policies and processes.
11. Health and wellbeing The health and wellbeing of our employees, contractors and stakeholders is of primary importance and integral to the way we work. Our aim is to provide an environment free of injury and physical and mental illness.
12. Workforce management Attracting, developing and retaining a skilled workforce is central to our business. We provide flexible working conditions, leave and allowances to support overall wellbeing and a positive work-life balance for our people.
13. Diversity and inclusion We aim to create an open and inclusive workplace environment where diverse experiences, perspectives and backgrounds of our people are valued and utilised.
14. Human rights and modern slavery We respect internationally recognised human rights principles. We recognise we have a role to play in eliminating modern slavery in our operations and supply chains.
15. Community partnerships and investment We treat our host communities with respect and are sensitive to the impacts of our mining operations on local communities. We partner and invest in local communities to deliver tangible and ongoing benefits.
16. Indigenous engagement Our approach to Indigenous engagement is characterised by effective two-way communication, consultation and partnering. We have a commitment to train and employ Indigenous people in our mining operations.

Figure 4.1: Materiality matrix (with the highest materiality topics for Macmahon shown in a box)

 Machmahon Materiality Matrix

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