We have a formal process to identify and prioritise our sustainability issues. Material sustainability issues are determined through a range of inputs, including stakeholder engagement and benchmarking.
Formal reviews take place every three to five years, or when significant external regulatory or energy policy changes occur.
Our Sustainable Business Policy outlines our commitment to formally reviewing our strategy. The review process makes sure our strategy:
- remains relevant
- addresses existing and emerging sustainability challenges
- demonstrates leadership in sustainability
- drives continual performance improvements in our business.
Our sustainability governance process then looks at the validity of the results and how to progress the strategy forward based on materiality.
Our latest materiality review was completed in early 2017. We conducted interviews and focus groups with our many stakeholders, including employees and non-governmental organisations (NGOs). We wanted to know what they believe will be material to us, and the wider energy industry, in the future.
The results of this review were used to develop our sustainability strategy and The Better Plan.
This stakeholder engagement, alongside peer reviews and a survey (sent to key internal EDF Energy stakeholders), has also informed the development of our Materiality Matrix.