Our direction

Double materiality and preparing to align with CSRD

We are proud that our work enables people to experience the great outdoors in high-quality apparel for demanding environments. However, we are also aware that the value we bring comes with social and environmental impacts. A materiality assessment makes us understand where we have the biggest impacts, our stakeholders’ concerns and allows us to assess the implications of these impacts. In our materiality assessment, we also considered the draft European Sustainability Reporting Standards which we will be applying to our reporting once they are approved for implementation of the Corporate Sustainability Reporting Directive (CSRD). Currently, our report is based on the GRI standards.

Aligning with the approach required by the CSRD, we applied the double materiality framework and therefore rated issues on two dimensions:

• Impacts on environment and people (outward impact)

• Financial materiality (inward impact)

Impact materiality

What is the actual negative impact on the planet or society?

What is the potential positive impact on the planet or society?

Outward impact

Financial materiality

What is the actual negative financial impact for the business?

The assessment included interviews with our key stakeholder groups such as representatives of our customers, civil society, employees and others. Further discussions in company workshops as well as desktop research allowed us to gain a good understanding of the potential impacts.

We appreciate Spectre’s willingness to work together on piloting new projects and expect them to continue focusing on reducing GHG emissions, meeting all overtime limits and ensuring living wages

In the coming years, we will be expecting increased collaboration on decarbonisation, which will require mobilisation across the entire value chain.

Tobias Steinegger Sustainability Analyst at Mammut

We introduce the findings of our materiality assessment with materiality matrices in the respective sections of this report, and the following paragraph addresses our impacts and approaches to managing them.

Setting 2030 ESG targets

This thorough materiality assessment is also the starting point for setting new strategic ESG targets. These targets will be measurable, time-bound and ambitious to match our role in the global and industry-specific challenges the world is facing, and they will be backed by actionable steps toward achieving them.

In 2023 and 2024, we will develop and set these ESG targets. We will leverage the partnerships with our customers, with the sustainability and industry associations we are part of and through our knowledge and commitment. These strategic goals will be an integrated part of Spectre’s overall business strategy and reporting, so they can guide our actions towards 2030.

Part of this is also establishing a more comprehensive governance framework throughout our company to anchor it in the business and empower the organisation.