Page 39 - Balmer Lawrie Sustainability Report 2022_Single Pages
P. 39

Material Topics are topics that reflect a              Materiality Assessment Process

         reporting organisation's significant
         economic, environmental, and social                                                 Identifying a list of
         impacts; or that substantively influence                               Identify     material issues
                                                                                             through industry
         the assessments and decisions of                                                    research and peer
                                                                                             review
         stakeholders. We follow a structured
         process to identify our material
         sustainability priorities which are
         reviewed from the perspective of                              Proritize        Validate
         whether they present a risk or an

         opportunity.
                                                                  Engaging with              Validating the
                                                                  stakeholders to narrow     identified and
         Materiality assessment allows us to better understand the   down the list of        prioritized issues
         perspectives of stakeholders’ groups on important        material aspects           by the senior
         materiality issues. We conduct a comprehensive materiality                          management
         assessment exercise to evaluate and prioritize our material   Prioritizing the material   Preparing the
                                                                  issues as Moderate
         issues. The material issues of the industry peers are also   Significant & Major    materiality matrix
         referred during the materiality assessment.

















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