Materiality Assessment

Materiality Assessment

Making a difference

In 2019, we conducted an assessment using internal and external insights to identify key sustainability issues that are most important to our company and where we can make a difference in our operations or through our products.

With the support of sustainability consultancy Corporate Citizenship, a long list of topics was identified through research into sector issues, media reporting, NGO reports and a review of international CSR frameworks and standards such as the UN Sustainable Development Goals, the GRI and SASB reporting standards or the Dow Jones Sustainability Index.

The assessment helped shape our sustainability agenda by defining the areas to focus on, including target setting, partnerships, and the identification of six key UN Sustainable Development Goals to which Nouryon contributes.

Issues were then prioritized using in-depth interviews with customers, suppliers, Nouryon leaders and employees at different levels, as well as desk-research into key topics.

20-031_materiality-assessment-graph_v01.png

The assessment underscored the importance of health and safety in all aspects of our operations, as well as our need to focus on climate change, including  energy use and greenhouse gas emissions.

“Health and safety goes right to the nature of business. You cannot have good employee rights and well-being if there is a high level of incidents.” – Interview with a Nouryon leader

This internal and external analysis also showed how important it is for us to innovate and develop new sustainable solutions and take a product stewardship approach that helps make our products and those of our customers better, safer, and more sustainable. Additional high priority focus areas include ethics, transparency, and employee rights.

Learn more - Nouryon's sustainability pillars