Panarchy Partners conducted a materiality assessment in its first year of operations to ensure a robust sustainability strategy was in place for the business which is fundamental in walking the talk while creating value for our stakeholders. The materiality assessment adhered to the principles of the AccountAbility AA1000 five-part materiality assessment criteria and the Global Reporting Initiative (GRI) Standards.
For Panarchy, stakeholder engagement is right at the heart of everything we do. Hence, our material issues are of prime importance to us. In 2018, we conducted our own stakeholder engagement to identify material issues from our business lens, they are in the diagram below.
PANARCHY PARTNERS' MATERIALITY MATRIX
Through an intensive stakeholder engagement exercise, Panarchy has identified material issues and classified them as Most critical (Tier 1), Critical (Tier 2), and Semi-critical (Tier 3).