Materiality analysis: Where are the biggest levers for Beyond Gravity in terms of ESG?
An ESG (Environmental, Social and Governance) materiality analysis is a process that identifies and prioritises the most important ESG topics for a company. The criteria that are relevant for an ESG materiality analysis generally include environmental impact (e.g. greenhouse gas emissions, energy and water use, waste management), social impact (e.g. labour standards, human rights and social engagement), corporate governance impacts (e.g. composition and independence of the board of directors, executive remuneration and risk management), financial impact (e.g. sales, profit, and return on investment), reputational impact (e.g. customer satisfaction, employee engagement and stakeholder trust) and legal and regulatory impact (compliance with laws and regulations; environmental, labour and anti-corruption laws within the company).
Raising awareness and anchoring ESG in the company from the outset
Deciding which ESG topics are considered material to Beyond Gravity was based on a combination of internal and external factors. The internal input included data and information from the company’s operations and management, while external input included the views of stakeholders such as investors, customers and industry experts. ESG standards and guidelines such as the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) were taken into account.
Under the guidance of sustainability experts, a workshop was held on August 17, 2022 with around 30 employees from all Beyond Gravity business areas and sites. In addition to providing input on the materiality analysis, another objective of the workshop was to anchor and broadly support ESG in the company from the outset. Based on the various inputs, the Board of Directors and Executive Board finally decided on the three strategic key topics “Climate change and carbon emissions”, “Energy efficiency and sourcing” and “Responsible sourcing”. In order to raise employee awareness of ESG, Beyond Gravity has already launched communication campaigns on various ESG topics. Last year, Beyond Gravity launched an energy saving campaign against the backdrop of the current energy crisis.