Materiality analysis

The Group Executive Management conducts a materiality analysis on a regular basis. The starting point is the sustainability agenda for the Group, deriving from international frameworks and institutions such as the Global Reporting Initiative (GRI), the UN Global Compact, from media reports, global trends and from dialogues with our stakeholders, in addition to our own assessment of relevant areas.

In late 2016, a materiality analysis was conducted for the years 2017–2019.

New longterm sustainability goals

In 2018, the work with setting new longterm sustainability goals was started by the Group Executive Management together with the three business areas and all divisions. During the process of evaluating the most important longterm goals, a materiality analysis was made involving our stakeholders.

The result of this process is our four new longterm sustainability goals which applies for all business areas. In addition to our material aspects valid from 2017–2019, we also explicitly focus on our suppliers to get a complete life cycle approach for our products and services.