Return to Goal setting 101 for sustainable operations

Flex materiality assessment: methodology and key steps

 

Methodology

 

  • Select and refine topics.
  • Select and interview stakeholders.
  • Synthesize and document.

 

Key steps

 

  • Assess environmental, social, and governance topics from various frameworks (see list below).
  • Identify topics with the greatest potential for impact and importance to your business and stakeholders.
  • Select internal and external stakeholders representing a wide range of functions, geographies and sectors.
  • Engage stakeholders to source input through in-depth interviews.
  • Analyze responses from stakeholders to determine material priorities.
  • Develop an approach to integrating material topics into our sustainability program.

 

Discovery: material issues

 

Survey these widely adopted frameworks to understand the key materiality issues to focus and report on:

Global Reporting Initiative (GRI)

Sustainable Accounting Standards Board (SASB),* including SASB materiality finder that uses a map to visualize the issues relevant to a variety of industries.

UN Sustainable Development Goals (UN SDGs)

UN Global Compact (UNGC)

Task Force on Climate-related Financial Disclosures (TCFD)

CDP

World Economic Forum

Don’t forget to check out the sustainability reports issued by your peers.

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