Materiality assessments are a critical part of sustainability reporting – helping to identify material topics and decide what should be reported on.
Organisations often do not get the full value from their materiality assessments because they haven’t considered carefully what information to look for. Exploring the core objectives of a materiality assessment at the beginning allows a more targeted methodology to be applied.
Materiality assessments can offer real value for organisations:
● Clarity and insight around material priorities (internal and external) to drive CSR or Sustainability strategies
● Foresight on the importance of emerging issues or topics
● Meaningful KPIs and targets
● Insight for targeting wider communications and corporate responsibility engagement.
Successful materiality assessments need to provide robust and evidence-based insights, combining primary research activities with internal and external stakeholders to understand:
● WHAT the key strategic topics and issues are
● HOW they should be handled and communicated.
Shift Sustainability is happy to advise on more holistic materiality assessments, including sampling external and internal stakeholders to ensure a 360-view on material topics and issues. These can be aligned and reported across a number of different models, including GRI (Global Reporting Initiative).