Page 7 - Infinity Power Report
P. 7

Infinity Power     2023 Sustainability Report                                                                                                                                                                                                                                                                                                                                     7

                                                                                                                              OUR MATERIALITY PROCESS



                 and materiality

                                                                                                                                                   Identify                              Validate internally                            Validate externally                                   Consolidate                                          Review

                                                                                                                                                                                                                                                                                         The results of internal and
                                                                                                                                     We worked with external experts                     Internal stakeholders were                      Key external stakeholders                                                                      Results were reviewed and
                                                                                                                                                                                                                                                                                        external engagement were
                                                                                                                                         to identify the full range of                    surveyed to understand                        were interviewed including                                                                    used to define Infinity Power’s
                                                                                                                                                                                                                                                                                      consolidated and interrogated
                                                                                                                                      potential ESG issues, including                    the ESG issues of greatest                      suppliers, subject experts,                                                                    sustainability strategy and
                                                                                                                                                                                                                                                                                       by key internal stakeholders
                 Infinity Power’s objective to power Africa through                                                                   industry benchmarks, external                     priority to Infinity Power and                  peers, partners, lenders and                                                                   focus areas. This process will
                                                                                                                                                                                                                                                                                      in a materiality workshop. The
                                                                                                                                       ratings and industry research.                   with the greatest impact on                      academics. This informed                                                                    be updated annually to ensure
                 renewable technologies raises multiple country and
                                                                                                                                                                                                                                                                                      most material ESG issues were
                                                                                                                                                                                          Infinity Power’s business.                      our understanding of the                                                                      new risks and opportunities
                 sector-specific ESG issues.
                                                                                                                                                                                                                                            ESG issues of greatest                   confirmed and further validated                    are captured and reflected,
                                                                                                                                                                                                                                                                                       through internal and external
                                                                                                                                                                                                                                        importance to and impact                                                                             along with evolving
                 Our strategy is designed to address the issues that are most critical
                                                                                                                                                                                                                                          on external stakeholders,                    engagement. The results are                       stakeholder expectations.
                 to our business and stakeholders. This section explains how we
                                                                                                                                                                                                                                       the environment and society.                    presented on Infinity Power’s
                 identify and address these key topics to maximise our positive
                                                                                                                                                                                                                                                                                     materiality matrix (see page 8).
                 impact. This is a critical part of our sustainability approach and

                 helps us to create shared value in the communities where we

                 operate, as well as manage a successful business with a social

                 license to operate.
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