CSR Analysts – Materiality analysis
For French listed companies, yearly sustainability reporting has been mandatory since fiscal year 2002. A new French law called “Grenelle II” (section 225), passed in 2010, renders external verification of all published environmental and social data mandatory from fiscal year 2011.
For its sustainability reporting, Total refers to the 2010 edition of the IPIECA/API/OGP Oil and Gas Industry Guidance on Voluntary Sustainability Reporting. The method we use to conduct our materiality analysis is based on the IPIECA/API/OGP Reporting Guidance:
- the reporting process (p. 10):
- the method for assessing issue materiality (p. 17):
Most of the environmental and social indicators Total is reporting on, either on a mandatory (French law) or voluntary (IPIECA or GRI guidelines) basis, are high materiality issues (i.e. they are significant both for Total and our stakeholders), and will be included in the company’s yearly reporting process. Information on these issues can be found in one of the following:
- the annual reports (Registation document and Form-20F document);
- the sustainability report (Society and Environment report);
- the corporate website (www.total.com).