Materiality, Stakeholder Engagement

Our latest materiality assessment was conducted in December 2018. It involved stakeholders from diverse groups in different countries were we operate.

Stakeholder Engagement

Our Approach

We recognize the importance of engagement with our stakeholders for a better understanding of their concerns, helping us deliver an effective and valuable Corporate Sustainability strategy. Our latest materiality assessment provided a formal engagement process to identify the most material issues from both internal and external stakeholders. This process also helped us to leverage dialogue with our stakeholders, identify their main concerns and establish how we may respond to address those issues in the short, medium and long term, regarding the impact and influence of our business operations.

Prior to this process, KY&Y Consulting had responded to stakeholders through a variety of initiatives and activities directed toward our customers, suppliers and communities where our offices are located. However, the materiality assessment allowed them to participate in a two-way engagement process where feedback on our relationship and influence on material issues was provided. This is a valuable process that we expect to conduct at least every two years.