Step 2: Preparation of longlist
Description of the processes to identify and assess material impacts, risks and opportunities [IRO-1 & SBM-3] The double materiality assessment is the main tool used for identifying and prioritising material sustainability matters. When iden- tifying and assessing material sustainability matters, potential physical events are plan- ned with the worst-case scenario in mind in order to adequately safeguard resilience and protect assets. The Zumtobel Group has integrated the target of limiting global war- ming to 1.5 degrees as set forth in the Paris Agreement into its strategy. Identified topics are assessed with a structured approach in line with the guidelines published by the European Financial Reporting Advisory Group (EFRAG) and with the ESRSs. All ne- cessary processes are fully integrated into the management processes in the interests of continuity. The process to identify and assess material impacts, risks and opportu- nities is described below.
The defined ESRS list of sustainability mat- ters (AR 16) serves as the starting point for the double materiality assessment. This list forms the basis for mapping the Zumtobel Group’s entity-specific impacts, risks and opportunities (IROs). Existing processes and content are used as input channels for identifying IROs. Among other things, the context analysis, which is conducted and updated annually as part of ISO certificati- ons (9001, 14001, 45001 and 50001), and the environmental aspects matrix are particu- larly relevant in this regard. The context analysis also covers topics such as energy, emissions, waste and water. The two WWF Risk Filter Suites (Biodiversity Risk Filter, in- cluding the Industry Risk Filter & Water Risk Filter, accessed online on 5 November 2025) serve as an additional information source for analysing potential and actual impacts. By taking into account assessments at both country and sector level, the Biodiversity Risk Filter enables a systematic analysis of potential impacts along the Zumtobel Group’s value chain. Financial aspects are identified in coordination with Risk Manage- ment and the processes defined in the risk management system. The above aspects are compiled to provide the basis for the preparation of an entity-specific longlist for the Zumtobel Group.
Step 1: Procedure & methodology
For the 2025/26 financial year, the double materiality assessment was updated on the basis of the results of the double materiali- ty assessment conducted in the 2024/25 financial year. As part of this update, a ‘small update’ was carried out, whereby only the existing shortlist was reviewed and adjusted where necessary, while the longlist and the underlying methodology remained unchan- ged. In the process, the existing double materiality assessment was checked for timeliness and supplemented with relevant new developments. The underlying metho- dology and approach remain unchanged. These continue to be based on the statutory requirements of the ESRS and the recom- mendations of EFRAG (as set out in ‘Imple- mentation Guidance Paper 1’ on ‘Materiality Assessment’).
Step 3: Aggregation to shortlist & calcula- tion methodology
The longlist entries are made into a shortlist by aggregating the IROs. The evaluation of impacts on people and the environment forms the starting point for the compila- tion of the shortlist. Interrelationships and dependencies between the impacts and the financial risks and opportunities are presen- ted on the basis of this list.
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