Materiality Assessment
The Board’s ESG Committee regularly reviews the Group’s activities in the areas of Environment, Social and Governance and aligns them with best practice.
The ESG Committee conducted a materiality assessment to identify key ESG priorities and risk factors, to help establish a framework for the Group’s future approach in these areas and, ultimately, to increase the Group’s resilience over the long term.
This assessment highlighted a number of material matters for Plus500 - as follows:
Plus500 takes seriously its role as a responsible business and is already taking significant steps to mitigate many of these risks, partly through continued engagement with key stakeholders.
The ESG Committee conducted a materiality assessment to identify key ESG priorities and risk factors, to help establish a framework for the Group’s future approach in these areas and, ultimately, to increase the Group’s resilience over the long term.
This assessment highlighted a number of material matters for Plus500 - as follows:
- Customer care and protection: ensuring customers remain protected from, and well informed of, the risks of trading. This was seen not only as a specific risk to Plus500, but also across the industry, in relation to regulation around customer care and protection;
- Information and data security: ensuring that Plus500’s technology remains highly secure and immune from breaches of privacy, particularly around personal information and data;
- Systems infrastructure: maintaining a robust systems infrastructure, with embedded risk management features and in-built redundancy, to ensure that Plus500 customers receive a consistent level of service;
- Leadership and governance: Plus500 must remain in compliance with applicable governance requirements and regulations. Investors were particularly interested in this area, with a specific focus on Board composition and diversity, and ensuring that Plus500 remuneration policy is aligned with long term shareholder interests; and
- Organisational culture: employee welfare and development, to ensure that Plus500 continues to attract and retain high quality talent.
Plus500 takes seriously its role as a responsible business and is already taking significant steps to mitigate many of these risks, partly through continued engagement with key stakeholders.