Materiality

Ophir reviews Corporate Responsibility priorities at the Corporate Responsibility Committee to appropriately focus resources in the right areas.

The table below shows oversight of risk within the Company and where Corporate Responsibility priorities are evaluated to reflect the topics that matter most to the business and to our stakeholders.

The materiality of Corporate Responsibility risks is assessed using the Ophir Risk Matrix which describes the impact and likelihood metrics for people, environmental, financial and reputational risks. The risks are then captured in either our Corporate Risk Register or Asset Risk Registers.

Ophir has not collated stakeholder views on materiality but the principal risks reviewed at the Corporate Responsibility Committee are:

  • Compliance
  • Health, Safety, Security and Environment
  • Political
  • Stakeholder Sentiment
  • Climate Change

Both climate change and political risks have become more significant over the past year.