Stakeholder engagement
- GRI 2‑29 Approach to stakeholder engagement
- GRI 3‑1 Process to determine material topics
- GRI 3‑2 List of material topics
We conducted an extensive stakeholder survey, among 86 ACWA Power employees, to produce a comprehensive materiality assessment, which helped us identify the most material topics. We supplemented our initial materiality assessment by referencing it with the GRI reporting standards, as well as industry best practice. The materiality assessment helped us to identify our core ESG focus topics and indicators, which include climate change, water, health and safety, and governance, and to develop our ESG framework accordingly.
Our key stakeholders include:
- Employees
- Suppliers
- Partners
- Shareholders
- Governments
- Power and water providers
- Educational institutions
- End customers
We intend to conduct broader stakeholder engagement, on a qualitative basis, with representatives of the above groups, in the near future.
We develop ACWA Power’s materiality matrix in six steps
Importance for stakeholders assessed via BCG MMAP analysis of materiality matrices of 17 international players in the utility sector and calculation of average stakeholder importance, likely to represent international stakeholder views.
ACWA Power project‑based materiality assessments
Before and during each ACWA Power project, the Company engages with local stakeholders to conduct materiality assessments to ensure that the construction and operation of each project is managed responsibly and with sensitivity to their needs and concerns. ACWA Power, through its 100% owned subsidiary, NOMAC, actively plans operations and maintenance to include local communities, often by providing development opportunities and creating employment and training programmes for local people.