Stakeholder engagement

We conducted an extensive stakeholder survey, among 86 ACWA Power employees, to produce a comprehensive materiality assessment, which helped us identify the most material topics and will be updated this year. We supplemented our initial materiality assessment by referencing it with the GRI reporting standards, as well as industry best practice. The materiality assessment helped us to identify our core ESG focus topics and indicators, which include climate change, water, health and safety, and governance, and to develop our ESG framework accordingly.

Our key stakeholders include:

  • Employees.
  • Suppliers.
  • Partners.
  • Shareholders.
  • Governments.
  • Power and water providers.
  • Educational institutions.
  • End customers.

We intend to conduct broader stakeholder engagement, on a qualitative basis, with representatives of the above groups, in the near future.


We develop ACWA Power’s materiality matrix in six steps
1

Define long list of topics to consider
Leveraging peer matrices and industry standards (SASB and GRI)

2

Shorten list to 23 topics
Taking out duplicates or irrelevant topics, merging topics

3

Conduct survey on business criticality
Conducting survey with ACWA Power employees, analysing peer matrices to incorporate external stakeholder views

4

Develop draft materiality matrix
Consolidating inputs from step 3

5

Prioritise topics (comply‑compete‑lead)
Reviewing peers’ targets, prioritising topics in comply‑compete‑lead logic during workshop

6

Finalise materiality matrix
Consolidating outputs from top management workshop

Source: BCG care experience.

Final ACWA Power materiality matrix

Importance for stakeholders assessed via BCG MMAP analysis of materiality matrices of 17 international players in the utility sector and calculation of average stakeholder importance, likely to represent international stakeholder views.

Environmental

Social

Governance

Source: Business criticality assessed via materiality survey conducted with 86 ACWA Power employees from Dec 2020 – Jan 2021. Importance for stakeholders assessed via BCG MMAP analysis of materiality matrices of 17 international players in the utility sector and calculation of average stakeholder importance, likely to represent international stakeholder views.