Our Annual Report and Financial Statements aim to meet the
information needs of our investors to help them make informed
decisions regarding their participation – for example, whether to buy,
sell or hold our shares or bonds, whether to engage with management
on issues, and how to vote their shares. We have included information
that we believe is material to these decisions, which is presented in a
way that we believe is fair, balanced and understandable.
We engage with – and recognise that this report will be read by – a
wide variety of other stakeholders including customers, suppliers,
employees, analysts, regulators, community bodies, politicians,
non-governmental organisations, and devolved authorities. Where
we believe that a topic is material to a large number of them,
which is assessed in part through a matrix approach to stakeholder
materiality as set out on Managing our material issues, we either include it in this report
or refer the reader to other reports and information (such as
our regulatory reports, customer communications, or corporate
responsibility web pages).
We believe this approach meets the requirements of company law,
the UK Corporate Governance Code, IFRS and the International <IR>
Framework, and that we go beyond those requirements where we
feel it is particularly helpful to do so and where that can be done
without making the report unnecessarily lengthy or difficult to read.