Qatar Steel’s sustainability reporting is guided by a materiality process. Qatar Steel conducts a materiality assessment to identify and prioritize its most material sustainability issues, which are reviewed against the changing context of the industry, emerging trends, and stakeholder feedback. Critical issues are always reflected in reporting as they arise.
Qatar Steel’s materiality assessment consists of five core steps, which are demonstrated below. The process is used to identify, select, and rank the topics addressed throughout the sustainability report.
1. Identifying material issues.
Qatar Steel relies on multiple sources to help identify material issues of potential relevance for the company and its stakeholders.
The sources referred to include:
Material issues identified by internal stakeholders across the organization;
Material issues identified by peer companies in the steel sector;
Material issues identified in the Qatar National Vision 2030;
Material topics identified by using the Global Reporting Initiative (GRI) Standards relevant to Qatar Steel’s business operations; and
Material topics identified by IPIECA.
2. Organizing materiality issues around Qatar Steel’s sustainability focus areas.
3. Categorizing issues in accordance with the relevance for a given stakeholder.
4. Obtaining feedback from internal stakeholders regarding priority of material issues relevant to them and to external stakeholders whom they communicate with on a regular basis. Qatar Steel communicates with its stakeholders via interviews with all key functional areas of its operations.
5. Final prioritization
Material issues within each sustainability focus area are ranked in accordance with the feedback received
As part of Qatar Steel’s certification process for UK CARES, operational performance is assessed against UK CARES Sustainable Construction Steel Scheme Principles using a maturity matrix to gauge the company’s sustainability progress. The maturity assessment below highlights its findings:
Sustainable development maturity matrix for continual improvement of Qatar Steel certification of their products:
Qatar Steel assesses its level of performance against CARES Sustainable Constructional Steel Scheme Principles using
a maturity matrix