Materiality, like risk, is dynamic.
While our regular risk assessment includes external views to ensure risk completeness, materiality focuses on stakeholder priorities providing a deeper understanding of reputational, environmental and societal impact.
It is a reflection of what our stakeholders care about and where we can deliver the most impact. In 2024/2025, we refreshed our materiality process using several lenses:
1. Strategic Relevance – Does this issue directly influence our ability to protect or create value?
2. Stakeholder Impact – Does it significantly influence how our stakeholders assess Link?
We also added a third lens: Controllability. If an issue is strategic and material, but beyond our influence, we monitor it. But we focus resources on areas where our action can deliver results.
For example, carbon pricing policy is strategic and material but not within our control. In contrast, waste management and building resilience are both material and directly actionable.
Materiality confirms what is important. Our Enterprise Risk Management ensures we act on it with consistency and speed.
List of Material Issues