BAT 2585.50p About us Our products How we work Sustainability Investors Media Reporting Careers Materiality Delivering value through excellence in ESG A key strength of our approach to sustainability is a robust process to identify and understand our most material ESG priorities. Our comprehensive approach to evolving our Sustainability Agenda ensures we keep pace with emerging priorities and stakeholder expectations. This materiality process also helps us to assess the level of importance of different topics for our stakeholders and our business – those with the highest level of importance form our Sustainability Agenda and are covered in our 2020 ESG Report (14.1 mb) . Our approach to materiality assessment A key strength of our approach to sustainability is a robust process to identify and understand our most material ESG priorities. Our comprehensive approach to evolving our Sustainability Agenda ensures we keep pace with emerging priorities and stakeholder expectations. This materiality process also helps us to assess the level of importance of different topics for our stakeholders and our business – those with the highest level of importance form our Sustainability Agenda and are covered in this Report. Identifying focus areas Each year, we engage with a wide range of stakeholders to understand the priorities most important to them and complement this with ongoing risk monitoring, research and benchmarking. These external insights are mapped against the focus areas identified as most important to our business, based on strategic plans, risk registers, governance meetings and committees, and Group policies and standards. Prioritising topics We group the topics identified under common themes and use a defined scoring methodology to assess their level of importance to our stakeholders and the BAT Group. In 2020, we also conducted a detailed review of leading practices in articulating the link between ESG risks and opportunities and corporate purpose; how leading companies are balancing their ESG ambitions and best practice in setting smart targets. We also sharpened how we position our contribution to the SDGs, in line with our prioritisation of ESG topics. Final results The most material topics identified through this process in 2020 are outlined in the adjacent graphic. Given the serious public health impacts of smoking, harm reduction is our principal focus area. Climate change, the environmental impacts of our operations and the importance of sustainable agriculture to our tobacco supply chain mean these are priorities for us. Growing concerns regarding plastics and post-consumption waste mean that the importance of circular economy principles has also been elevated to a priority area. Following the assessment in 2020, we have updated our Sustainability Agenda and made three key changes: As sustainable agriculture practices extend to mitigating the impact of climate change, reducing water use and protecting biodiversity, we no longer report against sustainable agriculture as a stand-alone issue. Instead, each of our environmental issues has a clear signpost to how we are promoting sustainable agriculture practices. We have long had a strong approach to tackling loss of biodiversity, and with our updated reporting structure for sustainable agriculture, we now report on biodiversity and afforestation as a standalone issue. Given circularity is a key principle across how we manage environmental impact, we now report on waste as a standalone issue – from innovating on how we design and manufacture our products to minimise waste to eliminating waste sent to landfill across our operations. Our ESG focus areas HIGH Importance to stakeholders and the Group HIGHEST PRINCIPAL FOCUS AREA Harm reduction PRIORITY FOCUS AREAS Climate change Water Biodiversity and Afforestation Waste Human Rights Farmer Livelihoods Health and Safety People and Culture Business Ethics Responsible Marketing Regulation and Policy Engagement OTHER FOCUS AREAS Anti-illicit Trade Board Diversity Executive Remuneration Tax Transparency Stakeholder engagement Data Privacy and Cybersecurity Key Harm reduction Environmental Social Governance Front and centre of everything we do Our strategic approach to sustainability Putting sustainability front and centre Sustainability reporting Sustainability Our strategic approach to sustainability How we report Stakeholder engagement Materiality Dow Jones Sustainability Indices Home Sustainability Materiality Follow us Latest tweets BAT @BATplc #ICYMI: BAT’s #digitaltransformation was in the spotlight as we brought together some of the biggest names in tech.… twitter.com/i/web/status/1… 23 Nov Another huge effort, but it wasn’t your day at the #QatarGP, Let’s focus on ending the season on a high… twitter.com/i/web/status/1… 22 Nov Current UK share price 2585.50p +6.00p 23 Nov 2021 15:10 Quick Links Modern Slavery Statement Gender Pay Report Annual Report Sustainability Report Science and Technology Report Share price data Worldwide websites Standards of Business Conduct Site map Contact us BAT Globe House 4 Temple Place London WC2R 2PG +44 (0) 20 7845 1000 Accessibility Privacy Notice Cookie Notice Conditions of use Financial information We collect and store information on your device when you use this website including setting cookies. 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