Page 34 - Interloop Sustainability Report 2019

MATERIALITY ASSESSMENT

Materiality assessment helps us to determine the most important issues relevant to our stakeholders and represent our major The boundaries of the material topics have been defined based on the actual occurrence of the impact i.e. within the
impacts on the economy, environment and the society. The issues identified from stakeholder engagement along with those organization, outside the organization or both within and outside of the organization.
pointed out through internal analysis and industry-specific issues were analyzed, prioritized and finalized using Reporting
Principles from GRI Foundation 10:2016. These principles have been applied throughout the materiality determination process Material Topic Impacts Making it Material Boundary
at various degrees to shortlist the issues which are of most interest to our stakeholders and which represent our significant Economic Important for business continuity, return to investors and contribution
economic, environmental and social impacts. These issues have been analyzed by the sustainability cell which is responsible Performance to economy and society Interloop
for defining sustainability initiatives, targets and monitoring performance against these targets. Job creation for local communities resulting in economic
Market Presence Interloop
development around the plant site
Procurement Creation of business opportunities for local vendors, economic Interloop
• Procurement Practices • Economic Performance Practices development, reliable supply chain
• Security Practices • Market Presence Materials Sourcing & Consumption of limited material resources, impacts in the supply Interloop, Our Suppliers
Influence on Stakeholders’ Assessment and Decisions
• Materials Sourcing and Use Usage chain
• Emissions Energy Impact on climate change due to the consumption of fossil fuels and Interloop, Our Suppliers
•
Water
Highly • Energy opportunities for energy production from non-renewable sources
Lead to climate change resulting in severe weather patterns and raw
Effluent and Waste
•
• Employment and Labor Practices Emissions material availability Interloop, Our Suppliers
• Anti-Corruption Interloop, Our suppliers,
• Human Rights Water Affects the availability of freshwater leading to water scarcity Our Customers
• Local Communities
Affect climate through air emissions, discharge of effluent and waste
Effluents & Waste Interloop, Our Suppliers
generation both hazardous and non-hazardous
• Indirect Economic Impacts • Health and Safety Employment & Labor Providing jobs for economic development, compliance with Interloop
• Marketing and Labeling • Training and Education Practices applicable laws, customer charters and international conventions
• Supply Chain Impacts Anti-Corruption Affects competitiveness, leads to misuse of power resulting in Interloop, Our Suppliers
• Compliance with Laws poverty. Compliance with laws and international charters
Moderately Human Rights Risks to reputation and license to operate in case of non-compliance Interloop, Our Suppliers
of basic human rights defined in international charters and
conventions

Local Communities Effects on local communities due to operations, the contribution for Interloop
provision of education and health facilities and creation of livelihood
opportunities for economic development
Health and safety of employees impacting productivity, compliance
Health & Safety Interloop
with applicable laws as well as customers’ requirements
Training and Enhances the productive potential of the workforce, cost savings,
Education and improvement of product and service quality Interloop
Moderately Highly Compliance with human rights laws and international charters and
Security Practices Interloop
Significance of Impacts on Enconomy, Environment and Society customers’ requirements
Compliance with Laws Compliance with applicable laws Interloop
The outcome of the materiality determination process has been summarized in the materiality matrix. The materiality matrix Negative supply chain impacts in the areas of environment, labor and
contains the issues which are highly important to stakeholders and Interloop and demonstrates significant impacts of issues Supply Chain Impacts human rights Interloop, Our Suppliers
that are moderately important to Interloop and stakeholders. The scope and content of the report have been derived from the
materiality matrix. The analysis of the material topics also helps in devising and updating appropriate policies and procedures
for effective management of the impacts of our operations.

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