MATERIALITY ASSESSMENT AND MATRIX
This report details our sustainability performance across all our operating jurisdictions for the reporting period 1 January 2021 to 31 December 2021. It is structured around a set of material issues that are determined through an annual materiality assessment. The process of selecting material issues is guided by the International Integrated Reporting Council (IIRC), SASB, GRI Standards and the Accountability AA1000 Stakeholder Engagement Standard.
Our approach to determining material issues in 2021 included a three-step assessment process, review of the outcomes, validation by the AngloGold Ashanti senior leadership and final approval by the SES Committee.
We conducted an online internal materiality survey which consisted of the following components:
A qualitative review of the business landscape using a PESTLE analysis to describe the political, economic, social, technological, legislative and environmental aspects of the challenges and opportunities we face
A semi-quantitative rating of the top Company risks previously reported, and a semi-qualitative and semi-quantitative rating of the material issues reported in 2020, to establish current relevance
Identification of emerging Company risks and material issues
We validated the analysis and preliminary assessment by reviewing industry reports, investor perspectives, media reports and 2021 key themes, as well benchmarking our report against our peers. This process resulted in the development of a prioritised set of material issues, which has been reviewed and validated by the Executive Committee, and approved by the board as per King IV, principle 5.15. Our material issues include the ESG issues that could affect our ability to create value in the short, medium and long term, and are frequently inter-dependent.