Most significant topics

Based on stakeholder dialogue, and considering the economic, environmental, and social impacts of our operations, we have defined nine sustainability topics that we see as important for Outotec in relation to risk management or value creation. Five of these nine topics are defined as most significant for Outotec and stakeholders.

Outotec conducted a wide-ranging review of material sustainability topics in 2014. Potential topics were first identified together with an external partner, based on a previous materiality assessment run in 2011, as well as management interviews, a review of sustainability trends impacting the industry, and stakeholder feedback. We next mapped all of the relevant economic, environmental and social impacts that can influence stakeholders’ perceptions of Outotec.

Our Sustainability Working Group prioritized the identified significant topics in a workshop, which were then validated by the Leaders’ Forum, where about 100 of Outotec’s leaders shared their views on the topics. The results of the materiality assessment were also reviewed and verified by Outotec’s Sustainability Advisory Council, representing our key stakeholders. Finally, the Executive Board validated the results of the materiality assessment in 2015.

In 2017, the core team of our Sustainability Working Group reviewed the material topics against GRI Standards. The list of material topics was complemented by impacts and Outotec’s involvement with the impacts to comply with the GRI Standards reporting framework. Outotec’s Executive Board validated the changes in February 2018 (GRI 102-46).

Materiality matrix

Based on the materiality assessment, the topics that matter most for Outotec are:

  1. Safety
  2. Sustainable offering for customers
  3. Responsible business practices
  4. Sustainable supply chain
  5. Development of our people
  6. Equal opportunities and diversity
  7. Stakeholder dialogue
  8. Community involvement
  9. Minimizing our own environmental impact

The first five of these nine most material topics were chosen as the most significant issues for Outotec’s business and are reviewed in more detail in this report (GRI 102-47).

Material topic Boundaries Current or potential key impacts Outotec's involvement with the impacts
1. Safety
  • Outotec’s employees
  • Outotec’s premises and project sites
  • Contractors working under Outotec’s direct supervision
  • Occupational health, safety and security
  • Working environment
  • Injuries and lost working time
  • Occupational diseases
  • Customer satisfaction
  • Outotec may cause or contribute to the impacts, or is directly linked to them (e.g. unsafe act or condition)
2. Sustainable offering for customers
  • Outotec’s employees
  • Customers’ employees and operations
  • Outotec’s suppliers
  • Contractors working under Outotec’s direct supervision
  • Customers’ surrounding environment
  • Climate change
  • Occupational safety
  • Product safety
  • Operation of customers’ plants
  • Resource efficiency
  • Social acceptance
  • Customer satisfaction
  • Climate change
  • Biodiversity
  • Financial performance
  • Outotec causes the impacts, contributes to the impacts, or is linked to the impacts through its suppliers or customers using the products and services
3. Responsible business practices
  • Outotec’s employees
  • Suppliers and contractors
  • Outotec’s sales representatives and agents
  • Relationships with business partners
  • Legal compliance
  • Reputation and stakeholder value
  • Financial performance
  • Outotec causes the impacts or is directly or indirectly linked to the impacts
4. Sustainable supply chain
  • Suppliers
  • Contractors working under Outotec’s direct supervision
  • Reputation
  • Quality
  • Human rights
  • Compliance and ethical business practices
  • Local employment and businesses
  • Climate change
  • Outotec is indirectly linked to the impacts
5. Development of our people
  • Outotec’s employees
  • Outotec’s operations at project sites
  • Contractors working under Outotec’s direct supervision
  • Employee motivation and competences
  • Talent retention
  • Customer satisfaction
  • Safety performance
  • Financial performance
  • Outotec causes or contributes to the impacts
6. Equal opportunities and diversity
  • Outotec’s employees
  • Company culture
  • Employee relations
  • Gender equality
  • Reputation
  • Outotec causes the impacts
7. Stakeholder dialogue
  • Outotec’s key stakeholders
  • Commitment to the company
  • Stakeholder involvement
  • Reputation
  • Shareholder value
  • Outotec is directly or indirectly linked to the impacts
8. Community involvement
  • Outotec’s employees
  • Outotec’s largest manufacturing units, R&D centers and project sites
  • Local communities
  • Wealth
  • Support for science, research and education
  • Social acceptance
  • Reputation
  • Outotec is directly or indirectly linked to the impacts
9. Minimizing our own environmental impact
  • Outotec’s employees and premises
  • Climate change
  • Biodiversity
  • Outotec causes the impacts

The most material non-financial topics for Outotec are also discussed in the Non-financial report published in the Financial Statements 2017.

Read also About this report