Double Materiality Assessment
To identify which sustainability topics that are most relevant to us as a Group, we regularly conduct so called materiality assessments. The outcome is used to:
- Guide our strategic priorities
- Serve as the basis for setting Group targets
- Identify sustainability reporting and disclosure requirements
In 2023, we aligned our methodology with the requirements of the European Union's Corporate Sustainability Reporting Directive (CSRD), and we conducted a Double Materiality Assessment (DMA).
The DMA is essentially a strategic tool for prioritization to address main impacts, risks and opportunities as well as to stay relevant and in line with different stakeholders’ expectations.
Impacts, risks and opportunities
When conducting a DMA, we assess and identify our main impacts, risks and opportunities (IROs) throughout our value chain. We look at what positive and negative impacts we, as a Group, have on the planet and society. We also look at how the planet and society affect us in terms of financial risks and opportunities.
Basis for our Group targets
The outcome of the DMA has guided us in what targets to set for the strategy period 2025-2027 including our long-term commitments for 2030. The DMA results also define the scope of our sustainability reporting and disclosure. We review the DMA results on an annual basis and make updates when needed.
Our Double Materiality Assessment (DMA) results 2024
Environment
Social
Governance
