To identify the issues that matter, we conducted a materiality review during the year using several processes, including an industry peer review, stakeholder feedback and employee workshops. Stakeholders consulted include community representatives, local councils, and government agencies, tenants operating in our ports and intermodal terminals and employees.
The results of the materiality assessment were grouped into four key sectors: Our Business, Our Environment, Our Community and Our People.
This framework helps define what sustainability means to NSW Ports, and highlights key issues we need to address to maintain the long-term viability of our business.
The NSW Ports 2019 Sustainability Plan provides an overview of the key issues and actions associated with each pillar.
GOVERNANCE & MANAGEMENT
We have developed a governance framework to guide our sustainability journey:
NSW Ports Board
Responsible for corporate governance, policies and risk management, including those relevant to sustainability. Oversees and guides NSW Ports’ sustainability approach and reporting requirements, and the management of Environment, Social and Governance (ESG) risk.
The NSW Ports Board meets at least five times per year and has adopted the 30 Year Master Plan for implementation.
People and Culture Committee
Audit and Risk Committee
NSW Ports Executive Leadership Team
Responsible for the development and implementation of NSW Ports’ sustainability framework and strategy.
Our sustainability governance framework forms part of our broader corporate governance program.
SUSTAINABILITY REPORTING
NSW Ports has committed to providing:
An annual sustainability scorecard covering data relative to the indicators nominated in this NSW Sustainability Plan 2019. Where indicators are aligned with Global Reporting Initiative (GRI) metrics, the relevant GRI identifier will be provided.
A comprehensive Sustainability Report every three years as part of our updated Sustainability Plan.
Sustainability indicators
NSW Ports has adopted the following metrics as indicators of its sustainability performance:
UNDERSTANDING OUR STAKEHOLDERS
We recognise the importance of working closely and transparently with our stakeholders to understand their interests and needs. We engage in different ways with a range of stakeholder groups, including customers, shareholders, community groups and our employees.
Our main stakeholder groups, their key interests and concerns and how we engage with them:
