Our Sustainability Strategy
Materiality assessment Sustainability has been a topic close to the heart of the Schréder family shareholders for generations. In 2019, we formalised this commitment by making it a priority and conducting our first materiality assessment. Materiality is the principle of defining the social and environmental topics that matter most to our business and our stakeholders. Some 80% of the world’s largest 250 companies already identify material sustainability issues in their reporting, according to KPMG 2 . Based on our operations and business, with the support of external experts, we consulted the following stakeholder groups.
This consultation therefore resulted in a list of material topics which are set out below with the related SDG, where these are relevant to Schréder’s operations. A new materiality assessment is planned for 2021 to ensure that our strategy is aligned with our stakeholders’ interests and needs.
Next generation thinking for a sustainable future
Most relevant SDGs
Most relevant material topics Energy efficiency End of life
SDG 1 SDG 2 SDG 3 SDG 4 SDG 5 SDG 6 SDG 7 SDG 8 SDG 9 SDG 10 SDG 11 SDG 12 SDG 13 SDG 14 SDG 15 SDG 16 SDG 17
Sustainable production Corruption and bribery Safety, comfort & respect Working conditions at Schréder Working conditions in the supply chain Organizational governance Product functionality Product footprint Community involvement Energy consumption of Schréder Customer centricity Product lifetime Diversity Employability and staff skills
Internal
External
19 Management team General managers Employees
7 Customers Suppliers Shareholders
27%
73%
People
During the interviews, the relevant material topics were identified as well as the existing and potential actions that could be taken. The interviews were also conducted around the UN Sustainable Development Goals framework (SDG).
0 5 10 15 20 25 30 35 40 0 05 10 15 20 25 30 35 40
0
5 05
1
15
20
25
3
0
10 15 20 25 30
Sustainable Development Goals
08
(2) Source: The time has come - The KPMG Survey of Sustainability Reporting 2020 (https://assets.kpmg/content/dam/kpmg/be/pdf/2020/12/The_Time_Has_Come_KPMG_Survey_of_Sustainability_ Reporting_2020.pdf )
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