A materiality analysis brings to the surface those issues that matter most to our internal and external stakeholders and to our company’s long-term business success.

We conduct materiality analyses to better inform the depth and breadth of our disclosure and strategic planning. Our analyses meet the requirements of the Global Reporting Initiative’s (GRI) Principles for Defining Report Content.

Our first analysis was completed in 2009 and our third materiality analysis in 2015. Given the robust nature of our process, we are confident that the results of the 2015 analysis remain relevant to this reporting cycle. As part of the 2015 analysis, we:

  • analyzed a comprehensive array of stakeholder source documents, representing input from our key stakeholder groups;
  • convened a diverse and representative stakeholder panel to utilize their expertise and hear their insights;
  • gathered internal feedback from Covanta managers and employees on priority topics to understand perceptions of potential impacts across our value chain;
  • used all input to develop and review an extensive list of environmental, social, governance and economic topics relevant to our business operations;
  • mapped each topic onto a matrix to identify the highest-scoring issues for both our stakeholders and company; and
  • shared the materiality analysis results with our stakeholder panel, reviewed their feedback and confirmed our final material issues internally (see diagram).

For a complete description of the materiality process and issues, please refer to our 2014-2015 Sustainability Report.