5.1.2Materiality Methodology
SBM Offshore conducts materiality analysis according to the GRI Standards in order to include the topics in the Annual Report that can reasonably be considered important for reflecting the organization’s economic, environmental, and social impacts, or influencing the decisions of stakeholders.
Update material topics
SBM Offshore conducted the following steps to assess the material topics in order to ensure the Report contains the level of information required by stakeholders.
- Step 1: Update the list of potential material topics
- Step 2: Stakeholder engagement survey
- Step 3: Analysis of operating environment
- Step 4: Validation in Management Board meeting
For the material (important) topics of 2018 the Company chose to align material topics with the strategic pillars and SBM Offshore’s values. Compared to 2017, there are no new material topics in 2018, however, the names of several topics have been updated in the materiality matrix to better correspond to the Company’s terminology and management structure.
2018 Material topics
The results of the materiality assessment can be found in the materiality matrix, which can be found in section 1.7 Materiality-based Value Creation. Details on how the matrix corresponds to GRI and reporting boundaries can be found in section 1.7. General standard disclosure and aspects of lower priority are included in the GRI Content Index.