Material issues
Through a materiality assessment, HUBER+SUHNER identifies and prioritizes relevant environmental, social and governance issues.
The last materiality (re)assessment took place in 2022. Using a double materiality approach, the Executive Group Management (EGM) assessed the business relevance (outside-in perspective) as well as the impact relevance (inside-out perspective) of all 13 material topics. The result is shown in the materiality matrix below. The reassessment revealed that the differences between the topics are rather small, which confirms that all topics are essential to the company. Hence, we manage all 13 issues actively and report on our progress in subsequent chapters.
As part of the materiality assessment, the EGM also confirmed the three material topics, initially defined in 2021, which are to be taken into special focus:
- Sustainable growth is a prerequisite for investments in favour of the environment and society, which in turn are an indispensable part of sustainability
- Climate change and greenhouse gas emissions are a top priority in the environmental area since climate change poses substantial risks to a functioning economy and the society overall
- Community involvement and development is important to all sites of the HUBER+SUHNER Group as we have a long-standing tradition to actively engage with the communities where we conduct business.
The material issues were identified in 2021 based on their strategic significance to the company. Despite a decrease in materiality from 2021 to 2022, our ongoing multi-annual strategy for managing these issues remains in place.
Figure 3: Material issues assessed for their business and impact relevance
