Material issues
We consider material matters to be those topics that have a direct or indirect impact on our ability to create or preserve economic environmental and social value for our organisation, our stakeholders and society at large. Material matters, therefore, include both risks that must be managed as well as opportunities that could be captured to enhance the viability of the business in the short, medium and long term.
Materiality determination process
Following a detailed materiality review, which utilised both internal and external research, a list of possible material issues was developed. This list reflects those issues, both positive and negative, that may impact Gem Diamonds' ability to create value.
Conduct a
thorough review
of the external
operating context
Conduct detailed
review internal
operating
environment and
business
performance
Prioritise and
verify material
issues identified
Report against
our identified
issues
Conduct a thorough review of the external operating context
- INPUTS
- Global operating context
- Global risk registers
- Industry research
- Peer reports
- Internal documentation
Prioritise and verify material issues identified
- INPUTS
- An online survey, to rank material issues was circulated to the Board as well as employees across operations
Conduct detailed review internal operating environment and business performance
- INPUTS
- Review material risks
- Review prior and material issues (SD platform)
- Sustainable Development Goals
- Internal documentation
- Media/press releases
- Financial results
Report against our identified issues
- INPUTS
- The approved issues form the basis of our sustainable development reporting
