Materiality is one of the most important concepts in the context of corporate social responsibility and corporate sustainability. According to GRI definition, material topics are those that reflects a reporting organization’s significant economic, environmental and social impacts; or that substantively influences the assessments and decisions of stakeholders.
Materiality analysis (materiality assessment) in the sustainability context is the process of identifying and assessing most relevant Environmental, Social and Governance (ESG) issues, assessment of their relative importance taking into account the impact each topic has on the organization and on its stakeholders.
The materiality analysis plays a central role in designing the company’s sustainability / CSR strategy and preparing its sustainability report. It determines which sustainability issues are of particular importance for the company and should therefore be the reflected in the company’s CSR strategy and sustainability report.
The materiality analysis is implemented by a co-participatory process during which, identification of the Stakeholders’ expectations is decisively important.
Within our consultancy service, we offer you facilitation of the entire process and provision of expert support. We will assist you to: design the methodology for the process; develop plan for communication with internal and external Stakeholders and conduct the stakeholder dialogue; identify and prioritize the material issues considering the stakeholder feedback and your company’s environmental and social impacts; develop your company’s personalised Materiality Matrix, reflecting material and their relevance for the company and its Stakeholders. We will also provide you recommendations on how to integrate the material issues into your CSR strategy or sustainability report.
For more information, please contact us.