· Organisational overview and external environment

  • Materiality
  • Stakeholder relationships

Key observations:

While also applying the GRI Framework, LB Finance’s Annual Report provides good examples of Integrated Reporting. The materiality section in the report outlines LB Finance’s approach to assessing what issues are material to value creation, and evaluates the importance of these issues and their effect on value creation. A table provides a candid map of the materiality of the issues considered, which orders the matters based on their relative importance for value creation as specified in the International <IR> Framework para. 3.18. This section also identifies what tools have been used for this assessment and provides clarity on the aspects considered relevant for being deemed material. This then links the company’s stakeholder engagement process to the materiality assessment, reflecting that the organization takes into account stakeholder interests, as specified in the International <IR> Framework para. 3.12. 

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