Materiality Matrix
In 2013, CTEEP consulted its stakeholders once more to identify priority issues for managing its business and, therefore, select the contents of its report.
This process involved an online questionnaire based on the GRI guidelines, the UN Global Compact's principles; CTEEP's Risk Map, in addition to a series of guidelines outlined at meetings with managing group. In addition, there were consultations with the Company's management, staff, clients and suppliers - as well as, for the first time, ISA members, opinion shapers from the electricity industry (government bodies and regulators) and people from communities in the vicinity of the Company's operations.
Shareholders were also consulted; however, their input was not taken into consideration because fewer shareholders than recommended by the proposed methodology participated.
Matrix Results
The survey was organized around four major fields, namely: Economic/Financial Issues and Management; Environment; Staff; and Relationship with Stakeholders. Each of these fields comprised seven issues so that there were a total of 28 subtopics that the respondents were supposed to rate according to their perceived importance. Both the stakeholders who took the survey and CTEEP considered the following topics the most important:
- Staff
- Knowledge management initiatives;
- Leadership development;
- Staff training.
- Environment
- Environmental protection policies, programs and practices;
- Complying with licensing requirements;
- Identifying, monitoring and managing the Company's environmental impacts.
- Economic/Financial Issues and Management
- Investing in preventive actions and ongoing improvement of operations/maintenance to boost efficiency;
- Relationship with Stakeholders
- Relationship with local, state and federal government bodies having any influence on the Company.
The chart below is a graphic representation of the Materiality Matrix. The topics in the top right area are those considered most relevant by CTEEP and its stakeholders.
Each circle represents one of the 28 topics covered by the survey with the Company's stakeholders. Each color shows a different major field. The most relevant topics were correlated with GRI aspects and indicators focused on more closely in the report.
