Material issues

Identifying material issues

Aveng defines materiality of issues for reporting purposes as: issues that substantially affect the Group's ability to create and sustain value1 over the short, medium and long term.

Material issues determination process

Aveng's material issues determination process, largely informed by the International Integrated Reporting Council (IIRC) guidance, is illustrated below, followed by commentary on each element:


Management’s philosophy on value is centred around operating free cash flow generation and return on invested capital generated by the Group as well as the ability to continuously grow and evolve the Group to meet market needs, as manifest in real headline earnings growth.