As worldwide focus on integrated annual reporting grows, LGFA has chosen to prepare its annual report in accordance with the Global Reporting Initiative (GRI) Standards (core option).

The GRI sustainability reporting standards are the most widely adopted global standards for sustainability reporting and by meeting the GRI Standards we are providing greater clarity and accountability around our material sustainability issues including how we are responding to them.

LGFA’s materiality sustainability topics were determined in 2020 with the assistance of Proxima, an independent sustainability consultancy, who worked with staff and directors to undertake an analysis of material sustainability issues relevant to our business and key stakeholders. Material topics are those issues that reflect our significant economic, environmental, and social impacts or that substantively influence the assessments and decisions of our stakeholders.

The GRI index in our Annual Report shows where in the report information can be found about the indicators that are relevant to our business operations.

LGFA’s ten material topics are grouped under three overarching principles.
Our organisation Sustainable finance Our people
Culture, ethics and governance Cost effective funding Health & safety and wellbeing
Transparency and disclosure Environmental and social impact of lending Diversity and inclusion
Carbon footprint Collaboration and local engagement Capability and development
  Best practice finance principles  

LGFA’s materiality matrix

LGFA’s materiality matrix depicts the outcome of our materiality analysis and is prioritised by stakeholder importance and the estimated impact on our business or on society. The prioritisation of these material topics will assist us to review our management approach and assess where we can improve over time.

LGFA Materiality Matrix