Where are our greatest ESG risks and opportunities? What ESG issues matter most to our stakeholders? Materiality assessments are a strategic tool that helps us find the answers.
We’ve completed a double materiality assessment (DMA)
Our latest assessment aligns to the EU's Corporate Sustainability Reporting Directive (CSRD) and measures:
Adopting this model enables us to engage our stakeholders directly on the most material ESG issues facing our business and lays a strong foundation for our sustainability compliance journey in future years.
Identify a short list of impacts, risks and opportunities based on desk research, external frameworks, ESG ratings, reporting regulations and peer benchmarking
Conduct stakeholder interviews with internal subject matter experts to apply robust scoring criteria
Apply a materiality threshold, validated by rigorous stakeholder calibration
Ratify the results with the Executive Committee and Board of Directors; integrate the results into the 2030 ESG action plan aligned to the four global goals
We have identified 13 material topics which are mapped to the 2030 ESG action plan and our four global goals. The DMA is supported by regular stakeholder engagement to ensure we are continuously understanding and responding to the evolving needs of our stakeholders. We will continue to evolve our materiality approach in line with developing compliance requirements.
See pages 12-14 in our 2024/25 ESG Report for the full disclosure.
