WHAT IS A MATERIALITY ASSESSMENT?
A Materiality Assessment provides a guide for your organisations Environmental, Social and Governance (ESG) strategy. Through gaining insights from a range of stakeholders, as a business you can assess which social and environmental topics to prioritise when making strategic decisions. These insights, many of which may not have been initially considered, will enable you to better communicate and tackle the issues which stakeholders care about the most.
WHY ARE THEY IMPORTANT?
Completing a materiality assessment is essential for companies looking to develop their sustainability journeys. Understanding which topics are important to every stakeholder allows a more in-depth understanding of the priorities clients, suppliers and workers, allowing compact policies to be created with more focused KPIs. These can then be used to track performance, creating a bench mark which can be measured and improved over time.
Conducting a Materiality Assessment can mitigate against possible social and environmental risks which could jeopardise the success of the business. It gives companies a greater understanding of the trends both internally and across consumers and supply-lines.
Materiality Assessments demonstrate a companies ambition to make positive environmental changes. It communicates to all stakeholders that the company is actively interested in working for all. This generates buy-in from stakeholders, leading to better relationships and catalysing growth.
WHO IS IT FOR?
- Larger Businesses looking to develop a sustainability strategy
WHAT YOU GET
- Stakeholder mapping
- Understanding of material topics important to the business
- Stakeholder Interviewing
- Analyses of stakeholder priorities
- Material topics implementation strategy
HOW MUCH DOES IT COST?
- Starting at £6,500
We work with clients as Sustainability Consultants to help them undertake successful materiality assessments and add value to the process for businesses needing support with their time and resources.. If you want more information or a service list including all the packages and prices available please email info@betternotstop.com.