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Engaging stakeholders for the long term

Material stakeholders now include those at the fringe who lobby for change and make an impact in the climate change agenda.

Rio Tinto has totally exited the coal market, turning its focus to iron ore, aluminium, copper and bauxite. In so doing, it has earned itself a reputation of becoming a "greener" corporation.

STAKEHOLDER engagement is important for listed corporations. In the 2018 revisions to the Code of Corporate Governance, a new pillar and principle was added for "Managing Stakeholder Relationships".

A stakeholder is defined here as a party that has an interest in the corporation and can...

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