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From the Covia 2023 ESG Report: Materiality Assessment

From the Covia 2023 ESG Report: Materiality Assessment

Published 06-28-24

Submitted by Covia

A bug on an orange flower. Soil and dirt on the ground.

Covia recently published its 2023 ESG Report. In it, the company detailed the results of its comprehensive materiality assessment. The assessment was conducted to evaluate and update our priority topics, building upon our previous material topics established in 2021. This multi-step process was aimed at refining our understanding of the evolving priorities and concerns of our stakeholders, ensuring our efforts remain aligned with their expectations and the broader environmental, social, and governance landscape.

We engaged a diverse group of stakeholders, including Board Members, Team Members, community partners, customers, suppliers, and government officials, to gather comprehensive feedback, along with identifying current industry trends, best practices, and expectations. Based on the insights gathered, we have refreshed our priority topics for 2023 as well as updated and refined our Goals That Inspire.

Eleven (11) topics were identified as most material to our business. Within these priorities, we have made a concerted effort to develop meaningful actions and programs.

Highest Priority

  • Energy Efficiency and Emissions
  • Safety, Health, and Security
  • Ethics, Compliance, and Transparency
  • Land Management and Biodiversity

High Priority

  • Water Stewardship
  • Community Impact and Philanthropy
  • Talent Acquisition and Team Member Experience
  • Responsible Operations

Priority

  • Cybersecurity and Data Privacy
  • Product and Process Innovation
  • Corporate Governance

Learn more about the materiality assessment can be found in Covia’s 2023 Environmental, Social and Governance Report.

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Covia

At Covia, we are committed to being more than just a leading provider of high-performance mineral and material solutions – we believe that our company can make a positive difference in the world. This belief is what drives our environmental, social and governance (ESG) strategy, which is influenced by both our journey as an organization and the events in the world around us.

Our commitment to operating as a responsible corporate citizen has been embedded into every aspect of our business for decades and serves as the foundation for Covia’s ESG initiatives. From our operations to our Team Members and the communities in which we live and work, we continue to define WHAT WE’RE MADE OF as more than the materials we produce, but the impact we can make in every interaction.

In 2021, we enhanced our approach toward accelerating ESG performance by developing our formal GOALS THAT INSPIRE: ESG 2030. These 10 goals, broken into our three core areas - Environmental Stewardship, Positive Social Impact and Responsible Governance & Ethics - were developed by Covia Team members across the company and are designed to drive tangible and measurable progress in areas where we can make the most impact.

We have the commitment and strategy in place to drive meaningful progress and we are pledging to make a positive differences for our people, our planet and our communities.

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