Spectra Energy's approach to materiality is a key driver for identification of issues to address in its sustainability strategy and reporting. The company uses stakeholder feedback, processes and tools to analyze economic, environmental and social issues that impact its business performance.
Spectra Energy obtains stakeholder feedback through engagement, informed by principles, at many levels, including dialogue with investors, employee meetings and town halls, and major project consultations. We use these discussions to help prioritize the most material issues and ensure that we focus sustainability on the most important areas. Our sustainability commitments reflect stakeholder expectations.
In Spectra Energy, risks (financial, strategic, operational and legal) are identified and prioritized using a uniform risk analysis process. Our sustainability commitments help address the most material environmental and social risks to the business, as well as opportunities.
In both our sustainability and annual financial reports, we addressed issues that are most important to our stakeholders. The integrated themes of “What’s important to you?” and common messages about the pressing economic, environmental and social issues that our stakeholders and our company face are a first step in our journey toward greater integration in reporting.
The About this Report section of this online report highlights several external and internal factors to determine what the company reports in its Sustainability report.