Sustainability Report 2024
11
Gift by Gift, Commitment by Commitment
2.1
MATERIALITY
THE DOUBLE MATERIALITY ASSESSMENT PROCESS
At AODACi , we believe we can only make conscious and lasting strategic decisions when we clearly understand what matters most to our business , to society and to the planet .
5. Identification and evaluation of IROs: We organized and analyzed the information gathered, considering both impact materiality (actual and potential impacts of our activity) and financial materiality (risks and opportunities relevant to the company). 6. Building the Double Materiality Matrix: We concluded the exercise by constructing the matrix, consolidating the data and positioning the material topics by their relevance in terms of impact and financial risk and/or opportunity, creating a clear, decision-oriented tool.
We adopted a robust approach aligned with current best practices, structured in six major steps:
1. Sector benchmarking: We analyzed the sustainability practices of reference companies in our sector to identify common themes and emerging trends. 2. Reference framework review: We considered the ESRS requirements, the CSRD, applicable legislation and other sector-relevant guidance. 3. Context analysis: We assessed internal and external factors that influence our activity, including economic, environmental, social and regulatory aspects. 4. Stakeholder mapping and engagement: We held an internal workshop with representatives from several areas of the company to identify our main stakeholder groups and then ran surveys and interviews to collect perceptions and to identify impacts, risks and opportunities (IROs).
In this context, we conducted our first Double Materiality Assessment, which allows us to identify the sustainability topics where AODACi has the greatest impact on the economy, the environment and people (including human rights) and also to understand the financial risks and opportunities these topics represent for the company. The main objective of this exercise is to set strategic priorities in sustainability, keeping us focused on what truly matters for our stakeholders and for AODACi’s future, while aligning the analysis from the outset with the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD).
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