Our Process & Material Topics
In 2019, Equitrans conducted our inaugural materiality assessment to identify and prioritize our most significant environmental, social, and governance (ESG) topics. We leveraged both the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) standards as inputs to the assessment. For each of our information sources, we evaluated the evidence associated with the importance of each topic to determine the topic’s overall relative importance to Equitrans and our stakeholders.
- Identification – We first identified potentially relevant ESG topics by reviewing relevant standards (e.g., GRI and SASB) and peer reporting. Once we identified an initial list, we mapped the potentially relevant ESG topics and their associated impacts to our Company’s value chain.
- Prioritization – To refine and prioritize our initial ESG topic list, we conducted interviews with our senior leaders and Board members to gather evidence on the importance of topics to our business and corporate strategy. We used a third-party ESG risk management software platform to collect and evaluate evidence from key external stakeholders (e.g., Customers, Administrators/Standards, Investors, Non-Governmental Organizations, and Suppliers). We analyzed evidence from internal and external inputs associated with the importance of each topic to determine the topic’s overall relative importance to Equitrans and our stakeholders. The analysis created a prioritized list of material ESG topics.
- Validation – After analyzing stakeholder input during the prioritization phase, we validated our list of material ESG topics with Equitrans’ leadership, including our Board of Directors.
At the conclusion of the assessment, we recognized ten top-tier material ESG topics and validated our results internally. These ten material topics are listed below, in alphabetical order, and form the basis for our report.
- Air Emissions and Climate Change
- Biodiversity and Land Stewardship
- Business Ethics and Integrity
- Community Engagement
- Corporate Governance
- Diversity and Inclusion
- Economic Impact
- Occupational Health and Safety
- Pipeline Safety and Integrity
Expanding Our Sustainability Reporting
In 2020, we evaluated our top-tier ESG topics and engaged external stakeholders to understand gaps in our disclosures and opportunities for management improvement. Through our evaluation of priorities, we expanded our reporting by adding five new ESG topic areas:
- Public Safety and Emergency Response
- Security and Cybersecurity
- Supply Chain and Human Rights
- Sustainability Governance
- Workforce Culture
Based on external stakeholder expectations, we also refined management and reporting on the topics of biodiversity, ecosystems, and environmental resources. To more accurately reflect the informational scope and impact, we changed the Environmental Resources topic name to Biodiversity and Land Stewardship. Additionally, to emphasize the importance of Air Emissions and Climate Change, we enhanced our content by separating the topic into two individual disclosures. We also expanded content disclosure in several areas, including Community Engagement, Diversity & Inclusion, and Occupational Health & Safety.