Threshold for materiality
The findings disclosed in this section are incorporated when identifying material sus- tainability matters. In terms of the process for identifying material sustainability matters related to pollution (E2), water and marine resources (E3) and biodiversity (E4), the company’s operational sites were evaluated in view of its own operations as well as in terms of the upstream and downstream value chain. Potential impacts on biodiversi- ty were identified as part of the double ma- teriality assessment; an explicit analysis of long-term transition risks in accordance with ESRS was not carried out in this financial year. As part of the analysis of the upstream and downstream value chains, interviews were conducted with relevant business partners (suppliers and customers). This was supplemented by desk research, where material topics were identified and assessed based on the results of the WWF Risk Filters (Country & Industry) and on the industry-specific analyses published by ENCORE. In addition to the industry in which the Zumtobel Group operates, particular at- tention was paid to the electronic equipment and machinery production and the metals and mining sectors. In discussions with busi- ness partners, the internal findings of the materiality assessment were discussed and validated with regard to any discrepancies or additional topics. With respect to resour- ce use, circular economy and waste (E5), the process for identifying material aspects of the circular economy focuses on the compa- ny’s own value chain as well as the upstream and downstream value chain. No consulta- tions with potentially affected communities were held during this financial year.
A topic is considered material if it scores at least 12.5 points, 50% of the maximum score of 25 points. Financial risks in excess of EUR 200 thousand are recorded in internal risk management tools and therefore also taken into account in the materiality assessment. The identification, assessment and ma- nagement of risks and opportunities is fully integrated into the Zumtobel Group’s risk management process. Consult the Risk Ma- nagement System section of the manage- ment report for more information. ESG risks are not explicitly given priority over ‘general’ business risks. The process for identifying and assessing the material topics for reporting and the final result were reviewed and approved by the boards with ultimate responsibility, the Ma- nagement Board and the Supervisory Board. The next update to the double materiality assessment will take place in autumn 2026. At the Zumtobel Group, sustainability mat- ters are prioritised based on the following aspects, which are also addressed directly in the sustainability strategy: reducing emis- sions, Circular Economy, Partner of Choice, with a focus on the Group’s own workforce and business conduct.
Identifying material sustainability matters
The Group’s impacts on climate change, especially its GHG emissions, are taken into consideration when identifying material sustainability matters, documented in accor- dance with ESRS E1-6 and disclosed. The Zumtobel Group continuously measures and monitors the direct (Scope 1) and indirect (Scope 2) GHG emissions resulting from its operating activities. In addition, emissions along the upstream and downstream value chain (Scope 3) are also taken into account. The Zumtobel Group is committed to the science-based reduction targets in line with the global climate targets set forth in the Paris Agreement (1.5 degrees).
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