![]() To get the best results, materiality assessments should be formal, structured engagements with stakeholders-not informal Q&A’s or workshops. Use data you’ve already collected, any initial insights stakeholders have provided, media research, and other resources such as GRI, SASB, and CSR Europe to determine which indicators are most relevant to your business. ![]() Environmental (e.g., water stewardship, greenhouse gas emissions, waste management).Social (e.g., labor statistics, human rights, consumer issues, community impact).Economic (e.g., revenue, profit, company turnover).Sustainability indicators are often categorized in three ways: Once you’ve identified and engaged with stakeholders, determine what sustainability indicators to measure so you actually get the insights you want and need. Identify and prioritize what you want to measure Your objective should be to express to the participant group why their unique insights are valuable and how their insights will be used to inform your company’s sustainability strategy and business practices. Keep your pitch as concise as possible without leaving out essential details. Once you’ve zeroed in on who you’d like to engage, get in touch with them early on to set the stage and let them know you want their participation. Conduct some initial stakeholder outreach Materiality assessments are most valuable when you’re able to gather diverse insights from inside and outside company walls.īegin the materiality process by creating a list of relevant stakeholder groups, then identify key contacts within each who can provide a meaningful perspective on your company’s sustainability strategy. Take into account both internal (i.e., executive leadership, directors, regional managers, employees) and external contacts (i.e., trade associations, key customers, NGOs) so you can evaluate a wide range of perspectives across the value chain. Identify internal and external stakeholders Launch Your Survey and Start Collecting Insightsĭefining Stakeholders & (ESG) Materiality Priorities 1.Identify and Prioritize What You Want to Measure.Identify Internal and External Stakeholders.If you’re considering conducting a materiality assessment, below we offer seven basic steps that should be a part of your initiative: ![]() The insights gained can then be used to guide strategy and communication, and help you tell a more meaningful sustainability story. Materiality assessments are formal exercises aimed at engaging stakeholders to find out how important specific environmental, social and governance (ESG) issues are to them. To bring insight and focus to their work, many are utilizing materiality assessments. Materiality is a growing topic in the corporate sustainability world, with CSR teams working hard to meaningfully convey the opportunities and successes of their initiatives to internal and external stakeholders. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |