Our Stakeholder Inclusion and Materiality

As a responsible entity, GAIL believes that meeting the expectations of stakeholders can promote holistic and long-term growth. To accomplish this, we advocated for a comprehensive evaluation to identify the critical issues that may affect both stakeholders and the company. As a result, we conducted a materiality assessment using a structured method during the reporting year.

Our Approach to materiality

At GAIL, we carried out the materiality exercise following the GRI 2021 standard. We also referred to standards specific to the oil and gas sector, such as the International Petroleum Industry Environmental Conservation Association (IPIECA) and International Finance Corporation (IFC) standards for offshore exploration, as well as SASB industry-specific standards for materiality assessment.

Double Materiality

We are committed to identifying and disclosing our impact on the environment and society transparently. As an organization that believes in integrating the key concerns of its stakeholders and business needs into its overall business strategy, we analyzed the identified material issues using the double materiality concept in the reporting year. The following diagram lists all the issues that are material from both financial materiality and impact materiality.