Landcom is a NSW state owned enterprise with a history of being a Sustainability leader, which is what differentiates them from their listed-company counterparts. Landcom engaged Point Advisory to conduct a Materiality Assessment to help identify and prioritise the topics that are the most important to the business and their stakeholders. A robust process for determining the most material topics informs strategy, guides risk and management integration, and aligns with recognised sustainability frameworks.
Point Advisory delivered the following materiality assessment services:
- Desktop review to identify the universe of sustainability topics relevant to Landcom
- Application of a systematic and objective prioritisation methodology, and validation process appropriate to Landcom
- Direct engagement with select stakeholders, internal (through interviews and an engagement panel) and external (through eight interviews) to inform topic identification and prioritisation
- Facilitated workshop with executive management to obtain input into topic universe, prioritisation methodology and validation of results
- Preparation of findings report including outputs of materiality prioritisation and mapping diagrams (see example to the right).
The materiality assessment was also aligned with recognised standards including the Global Reporting Initiative (GRI), mapping to the Sustainable Development Goals (SDG), aligning with the Sustainability Accounting Standards Board (SASB) materiality matrix, and meeting Recommendation 7.4 of the ASX Corporate Governance Guidelines. The prioritisation methods applied were in alignment with Landcom’s own risk management framework, ensuring internal relevance and integrity of the assessment process.