We plan to undertake a detailed double materiality assessment at least every three years. In 2023, we conducted an externally facilitated, stakeholder-focused double materiality assessment that sought to capture the key material issues that impact society and the environment (external) and impact Anglo American (internal). The process included identifying and evaluating matters that are of material interest to our stakeholders and to our business, and understanding how they may affect our ability to create value over time. These matters were internally reviewed in 2024 for continued relevance.
In the 2025 assessment, we strengthened alignment with our Group Risk Register. Additionally, through internal subject matter expertise engagement on actual and potential impact, we strengthened the assessment of the severity and likelihood of each impact based on a current view of programmes and initiatives to mitigate risks, and in alignment with our strategic objectives.
Identification of impacts was undertaken through reviewing the key sustainability priorities and impacts in our Group Risk Register, Asset Strategies and Resource Development Plans, as well as our Sustainability Strategy. For each impact, the scale, scope, irremediability and likelihood were assessed. In 2025, we have:
- Reviewed how we articulate sustainability impacts (risks and opportunities) under each material matter
- Focused on a risk-aligned assessment of impacts; ensuring ability to integrate into our Enterprise Risk Management framework, including our Risk Taxonomy going forward
- Overlaid key external stakeholder views on impacts through existing reputation surveys and reports.
