Focusing on Materialities That Matter

Benoit Leleux and Jan van der Kaaij
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Benoit Leleux: International Institute for Management Development
Jan van der Kaaij: Finch & Beak

Chapter 4 in Winning Sustainability Strategies, 2019, pp 57-80 from Springer

Abstract: Abstract After introducing the importance of adopting a clear statement of purpose, and the role sustainability can play in identifying the various facets of a firm’s contribution to society, we proceed in this chapter to develop a better understanding of the tools available to focus the sustainability efforts on elements that contribute the most, that is, impactful materialities. Once the statement of purpose has been established, companies and individuals frequently must cope with limited bandwidth in terms of attention and resources. Hence, the importance of selecting a limited number of high-impact efforts, instead of the all-too-common machine gun approach of spraying efforts large and thin. Effective implementation requires sniper precision in the definition of sustainability targets and dedicated efforts in execution. Therefore, in the first sections of this chapter, materiality is first precisely defined, then the importance of gaining alignment between enterprise risk, company strategy and materiality is highlighted. Finally, some practical do-it-yourself (DIY) tools for materiality analysis and the development of a company materiality matrix are introduced and explained in detail.

Keywords: Materiality Matrix; Sustainability Accounting Standards Board (SASB); International Integrated Reporting Council (IIRC); Sustainability Topics; Dow Jones Sustainability Index (DJSI) (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-97445-3_4

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DOI: 10.1007/978-3-319-97445-3_4

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