As the sustainability landscape evolves, our goal is to understand the important issues facing our industry by continually assessing the business context and stakeholder impacts. In 2018, ONEOK conducted its first materiality assessment to identify the issues that matter most to our business and stakeholders.
ONEOK’s materiality assessment process follows the recommended practices outlined by the GRI to understand topics that reflect the company’s significant ESG impacts, or those that would substantively influence the assessment and decisions of stakeholders. We reviewed sustainability reporting frameworks, peer company reports, industry association guidance and media sources to identify industry-specific topics of significance. We then identified the materiality of issues based on the following criteria:
As part of this process, we led a workshop to validate the materiality findings in an effort to identify topics that are most critical to the success of our business and stakeholder interests. We also periodically review the alignment of the results with ONEOK’s strategic plans.
Current ESG material topics reviewed and/or identified include (in alphabetical order):