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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.

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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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