Identify your material issues
Map out the social and environmental issues that have material relevance to your business.
A robust materiality assessment is the foundation of any new strategy. It ensures
that the most material issues are front and center. Internal and external
stakeholders can be fundamental in adding nuance to the material issues already outlined for the industry and uncovering market pressures, blind spots and identifying areas of opportunity.
Basic package includes:
Long list of material issues developed based on review of frameworks, competitors, and industry news
Surveys and interviews of internal and external stakeholders to collect input on their perception of the issues in relation to the business
Synthesizing findings and plotting issues on a materiality matrix based on how important they are to the decisions of stakeholders and to the world.