The issues identified in our stakeholder engagement are evaluated as to high, medium or low impact for Vermilion and for our stakeholders, including how directly affected the stakeholders are, and whether issues span multiple stakeholder groups. This is based on external engagement and input from our Board and senior leadership. Our current matrix reflects increasing importance for regulatory frameworks, lobbying and community support, freshwater management, biodiversity and supply chain risk.
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Critical or immediate (12-month) risk to health & safety, environmental management, financial performance, reputation, employee relations, community relations, or social license to operate
Important but not critical risk; mid-term (2-6 years)
Small or no risk; longer term (6-10 years)
Strong opportunity to significantly increase financial performance or operational efficiency
Good opportunity to increase financial performance or operational efficiency
Small or no opportunity to increase financial performance or operational efficiency
Risks are integrated into our enterprise risk management system and our business strategy as described in the TCFD Strategy and Risk Mangement sections of this report.
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