Understanding what matters most

In 2019 we undertook a materiality review to understand the issues that have the most significant impact on our ability to create long-term value for stakeholders. 

In determining these issues, we considered how important they were to stakeholders and how significant they were in terms of the Duchy’s economic, environmental and social impacts. The results of the review will help to inform the Duchy’s strategy and governance. Our most material issues are shown below.

Our process

1. Desk-based research involving peer review and media research to benchmark material issues
2. reported by stakeholders.
3. An employee survey to rate and rank 39 shortlisted issues.
4. Materiality workshops with internal and external stakeholders to discuss and refine findings.
5. Some issues were removed or consolidated and others changed position.
6. Results were reviewed by the Duchy Executive Committee and members of the Finance and
7. Audit Committee. Further refinements were made.
8. Reporting of our materiality results.
9. Executive awayday: The Duchy Executive Committee is meeting later in the year to further
10. debate the findings of the materiality review. It will discuss key issues for stakeholders and
11. how they may impact on future strategy.
12. Annual report 2020 will include an update on this process