Tackling challenges and maximising opportunities.
To better understand any issues that could have the potential to impact our resilience now and in the future, Orora engaged external advisors in 2015 to undertake a detailed assessment of our exposure to material economic, environmental and social sustainability risks.
This intensive risk profiling was conducted in line with the GRI G4 guidelines and Recommendation 7.4 of the Corporate Governance Principles, and engaged a range of Orora stakeholders including senior executives and key customers to define our areas for concern. The scope of assessment included all operations across Australia, New Zealand and North America, and considered direct and indirect risks to Orora’s operations, reputation, financial performance and supply chain.
The assessment was carried out in several stages including one-on-one interviews with internal and external stakeholders. The views of these key stakeholders were collated and were the subject of internal workshops to validate issues identified throughout the process and rate them for materiality, based on their business impact.
While no material exposure to environmental or social sustainability risks exist at this time, Orora continues to actively monitor and address other areas of potential impact identified throughout this process, including energy pricing and supply, ethical sourcing, resource depletion, safety, innovation, waste and recycling, and climate risk.
Orora will undertake the sustainability materiality assessment on a periodic basis as part of the normal risk assessment cycle to identify and respond to further changes in our operational landscape as they emerge.