MATERIALITY ANALYSIS REGARDING SUSTAINABILITY

A materiality analysis consisting of an international web survey, followed by a limited number interviews, was conducted during spring 2022. The goal was to confirm how partners and customers rate and value different sustainability areas within FORCIT Group. Knowledge gained from this project was used specifically in planning and prioritising the Group’s sustainability efforts for the future.

Safety has been the main sustainability value for a long time, but the survey answers and following interviews clearly indicate that the importance of the other sustainability values as selection criteria is expected to increase in the future as demands from shareholders, customers and authorities constantly increase and companies set their own goals for environmental emissions. In the last few years, nitrogen emissions in water have been in focus.

Answers confirm that safe products and deliveries are the most important sustainability criteria. For example, efficient use of materials and carbon neutral products and deliveries were desired ways to reduce emissions. In addtion, co-operation with customers and innovation were also considered important.

Fair competition alongside clear and fair terms were considered the most important ethical criteria.

All three main categories of sustainability – People, Planet and Profitability – scored high in materiality. People, including safety, received the highest average score (5/6).

Outcome Of Interviews

Interviews confirmed what the survey already indicated, that the importance of sustainability criteria is indeed expected to increase in the future. The importance of environmental effects will increase in particular, though safety will always come first.

The development of carbon neutral products and services was seen necessary, for example, as their use would improve the image of the operating company and make it easier to get environmental permits. There will most likely be an increasing demand for carbon neutral products and services from the side of clients and investors in the future. The focus is expected to shift more on the whole supply chain once actions are in place for site-related matters. Current ethical criteria were confirmed to be on a desired level in general and there were no expectations for new measurable criteria for this area.

FORCIT offset 100 verified carbon units (VCU) in a return to response activity.

Safety and solutions that consider environmental impacts play a particularly important role in mine environments.