Our Process
In 2025, the company adopted a double materiality assessment (DMA) framework that aligns with emerging best practices. This approach evaluates both financial risks and opportunities for the business and potential impacts on people and the environment. The updated assessment reflects the evolution of our sustainability approach, emerging trends and current business context.
The assessment was driven by internal documentation review and interviews with company subject matter experts to evaluate the financial, social and environmental implications of the company’s current and future impacts, risks and opportunities. Executive feedback was incorporated through interviews, surveys and collaborative discussions, including engaging executive managing committee members and sharing results with the board. External perspectives were integrated using a software platform that systematically analyzed regulatory updates, voluntary initiatives, online media coverage and relevant peer, supplier and customer reports. These insights were complemented by executive engagements and a proxy interview.
The assessment identified 13 priority topics and 10 foundational topics that represent significant economic, environmental and social impacts — or substantively influence the assessment and decisions of our stakeholders. These topics closely align with the prioritization of material topics from our 2021 assessment and remain consistent with our corporate strategy.
Our Material Sustainability Topics*
* The terms “material” or “materiality” in connection with our sustainability materiality assessment are different from the definition of materiality under U.S. securities laws. Therefore, material sustainability topics should not be construed or characterized as being material under U.S. securities laws or for any other purpose.