GRI 3-2
This endeavor enabled us to define our eight material topics, which has not changed since our (first) sustainability report for 2020:
(i) Climate & energy
(ii) Circular economy
(iii) Innovation
(iv) Health & safety
(v) Employment practices & education
(vi) Responsible sourcing & human rights
(vii) Governance
(viii) Community engagement
Six of the material topics have been captured in our 2030 sustainability targets (see table). The seventh topic was a driver in launching our collaboration with EcoVadis to elevate our record of compliance in responsible sourcing and human rights. And in 2022, we defined our Sustainability Procurement Roadmap for 2022 to 2030. The eighth topic, community engagement, was an area of focus for us in 2022 as we worked toward understanding the different ways in which a company could contribute to the community and how we could best create a platform and process that ensures data quality and integrity. For this topic, we intend to define a meaningful, measurable target over the next years.
To enhance comparability, transparency and accountability for all our stakeholders, we have opted to prepare our Sustainability Reports according to the internationally recognized GRI Standards. In 2022, we prepared our report according to the updated GRI Standards 2021. Moreover, we have opted to disclose this year’s report also according to SASB’s industry category: Industrial Machinery & Goods.
Through materiality analyses and adherence to international GRI Standards, along with our unwavering commitment to transparency, we are confident in our ability to report on our sustainability impact consistently, credibly and with full accountability to our stakeholders.
We see this Sustainability Report not as a means of one-way information delivery, but rather as a tool for ongoing dialogue with our stakeholders. Integral to our sense of responsibility to each of them is a commitment to soliciting and considering their feedback and suggestions. With their input, we are best positioned to build on our history of continual process improvement and to ensure that our operations are equal to our innovations in terms of upholding optimal governance, environmental, social and sustainability standards in our work around the world.
With that in mind, we intend to conduct the materiality assessment at reasonable intervals so that we can evaluate if there is a need for us to make any adjustments to our material topics. We are also exploring the option of creating a stakeholder panel for the purpose of accessing a broad spectrum of perspectives and insights into our operations, practices and impact.