III. Materiality assessment

Context

In this year’s sustainability report, we have approached the double materiality concept, as defined in the European Corporate Sustainability Reporting Directive (CSRD): reporting on both the impact the company has on society (external impact) as well as the environmental and sustainability risks the company experiences (internal impact, e.g., due to climate change and scarcity of resources).

We followed the materiality process recommended by GRI in 4 steps:

Understand the organisation context

Identify current and potential impacts, both internal and external

Assess the significance of each impact, considering the importance to different stakeholders

Prioritise the most significant impacts for reporting

This double materiality requires additional material topics being considered. For instance, the business model and compliance, which are more relevant to the sustainability risk of the company.

The list of topics affecting sustainability is as follows: