MATERIALITY

In 2021, SMI engaged stakeholders to identify the topic areas with the largest impact on society and the environment. As part of this engagement, SMI conducted 18 interviews and analyzed 143 responses from an administered materiality survey engaging senior leadership, employees, suppliers, customers, and recycling organizations. The results of this assessment were analyzed to better understand the concentration areas of SMI impacts or with the potential to impact most significantly.

In 2022, SMI conducted a review of the previously defined material topics and identified Diversity, Equity, and Inclusion (DEI) as a topic area which merits additional focus and resources. Therefore, the Company added DEI to the list of material topics. In the upcoming years, SMI will be refreshing the materiality assessment to ensure focus is maintained on the most important material topics and properly assessing the impact on internal and external stakeholders.

The material topics drive the company’s sustainability goals and create ownership of those goals with the appropriate members involved. SMI will continue to use material topics to refine and continuously improve sustainability aspirations and quantitative targets.