Qatar Steel’s sustainability reporting is guided by a materiality process to identify and prioritize its most material sustainability issues from the perspective of stakeholder and company interests. As part of its sustainability management, Qatar Steel revises its material issues biennially, reviewing the changing industry context, emerging trends, and stakeholder feedback. Critical issues are always reflected in reporting as they arise. The assessment follows these five steps:
Identifying material issues: Qatar Steel relies on multiple sources to help identify material issues, such as internal stakeholders, peer companies, Qatar National Vision 2030 and the Qatar National Development Strategy; Global Reporting Initiative (GRI) Standards and other reporting standards and industry associations as IPIEC
Organizing materiality issues around Qatar Steel’s sustainability focus areas.
Categorizing issues in accordance with the relevance for a given stakeholder.
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.
Final prioritization: Material issues within each sustainability focus area are ranked in accordance with the feedback received.