A successful sustainability strategy is characterized by the selection of material fields of action. But which fields of action are material? To answer this question, SustainNet Consulting supports organizations to conduct a materiality analysis. This analysis is aimed at setting the right thematic emphases for your sustainability respectively CSR activities. To identify the materiality of topics, a combination of internal (impact on the business) and external (importance to stakeholders) factors is incorporated, inquired and evaluated jointly with the organization and its different stakeholder groups. To initially derive relevant fields of action, SustainNet Consulting considers internationally recognized guidelines and standards such as the UN Global Compact and the Sustainable Development Goals (SDGs). The materiality analysis can be supported by further analysis and information sources, such as stakeholder analysis, SWOT analysis, spend data, lifecycle assessments (LCA), competitor benchmarks and case studies, sector-based initiatives and scientific studies.
The identified and prioritized fields of action are to be interlinked with measurable goals, targeting at realizing the sustainability strategy. Based on these fields of action, concrete actions and related performance indicators can be derived along the value chain in a next step.