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Materiality

MATERIALITY PROCESS

To identify those aspects that are most material to Paladin as a business and its stakeholders, and to define the content of this Report, Paladin has applied the GRI Principles for Defining Report Content. Paladin conducts an in-house materiality process, which involved input from Paladin’s technical personnel, Senior Management, the Chairman and an independent Non-executive Director of the Board.

To identify its material aspects, Paladin considered all aspects and standard disclosures included in the GRI G4 Guidelines across the economic, environmental and social categories as well as those included in the GRI G4 Mining and Metals Sector Disclosures. During the process, the interests of stakeholders were considered along with the issues being addressed by the uranium industry and the mining sector in general. Paladin also sought to capture a broad Company perspective on the importance of various performance outcomes. To prioritise and determine the materiality of each aspect they were ranked according to the following categories:

  • Aspects of most significance/importance to Paladin and its stakeholders
  • Aspects of moderate to low importance to Paladin and its stakeholders
  • Aspects of minor importance to Paladin and its stakeholders

The recent process concluded with an overall sense-check of the final set of material aspects and their boundaries by the General Manager Sustainable Development in collaboration with Paladin Management. Those aspects that were determined to be of most significance/importance to Paladin’s business and its stakeholders are presented in Table 2. The related performance outcomes are discussed throughout this Report.

Table 2. Material Aspects

Identified Material Aspect

CATEGORY: ECONOMIC

CATEGORY: ENVIRONMENTAL

Economic Performance (EC1)
Market Presence (EC5)
Indirect Economic Impacts (EC7)
Procurement Practices (EC9)

Energy (EN3, EN4, EN5, EN6)
Water (EN8, EN9, EN10, EN22, EN26)
Biodiversity (EN11, EN13, EN14, MM1)
Emissions (EN15, EN16, EN18)
Effluents and Waste (EN23, EN24, MM3)
Compliance (EN29)

CATEGORY: SOCIAL

SUB-CATEGORY: LABOR PRACTICES AND DECENT WORK

SUB-CATEGORY: HUMAN RIGHTS

Employment (LA1)
Occupational Health and Safety (LA5, LA6, LA7)
Training and Education (LA9, LA11)
Diversity and Equal Opportunity (LA12)

Investment (HR1, HR2)
Security Practices (HR7)

SUB-CATEGORY: SOCIETY

SUB-CATEGORY: PRODUCT RESPONSIBILITY

Local Communities (SO1, SO2)
Anti-Corruption (SO3, SO4, SO5)
Public Policy (SO6)

Materials Stewardship (MM11)

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