Orizon Sustainability and ESG Initiatives
ORIZON
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ABOUT US
NATURAL CAPITAL
GOVERNANCE
HUMAN CAPITAL
SOCIAL PLATFORM
PERFORMANCE
GRI SUMMARY
MATERIALITY
GRI 2-29, 3-1, 3-2
Aligned with best market practices, Orizon established a new materiality
matrix in 2022 to highlight the topics of greatest impact on the business
from an environmental, social and governance perspective. Developed
in accordance with the GRI Standards, as was the previous matrix, the
process involved in drafting the new matrix process was divided into four
distinct stages: identification, prioritization, analysis and approval. This
time, however, it has adopted the concept of double materiality, a more
modern methodology that is based in three dimensions:
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DIMENSION X - FINANCIAL
MATERIALITY
This engages senior management,
financial analysts, banks and
investors, addressing the
likelihood and magnitude of risks
and financial impacts.
DIMENSION Y
MATERIALITY OF THE
SOCIO-ENVIRONMENTAL
IMPACT
This presents the main socio-
environmental impacts of the
business in relation to their
importance (minimal, low,
average, high or very high) and
scope (direct, indirect or partial).
In this area, internal and external
socio-environmental specialists
are engaged and guided by a
consultancy specializing in strategy
and sustainability, in this case, rpt.e.
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DIMENSION Z - PERCEP-
TION OF IMPORTANCE
A complementary dimension
in the process, this provides
the business' stakeholders
with a list of the topics listed in
the identification stage of the
process, allowing them all to
inform the Company of their
opinion on each one.
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