Materiality
The ABSF regularly reviews key topics and areas of focus to ensure that it continues to address the beef industry’s most significant impacts, risks and opportunities. Conducting a double materiality assessment—which considers both the financial risks to the industry and the environmental and social impacts it creates—offers a range of strategic benefits for the Australian beef sector. It aligns the ABSF with emerging global reporting standards, such as the EU Corporate Sustainability Reporting Directive (CSRD), GRI, and IFRS standards, helping to maintain market access and regulatory readiness in global export markets. It also improves risk management by proactively identifying social and environmental risks that could have financial or reputational impacts for the industry.
The SG undertook an updated materiality assessment in 2024-2025, following previous assessments in 2016 and 2020. The material priorities and their scores can be seen in the matrix below.
Download the Materiality Assessment Report for 2025
