GreenCo recently completes a Materiality Assessment for a well-known local construction company which provides wide ranged construction-related services to a broad spectrum of clients. Throughout the project, we assessed the company’s context and developed a list of ESG-related topics. In order to identify each topic’s level of significance to the company, we designed and distributed online questionnaires to selected stakeholders. Their ratings on the topics were analysed, prioritised and formulated into a Materiality Matrix to illustrate the resulting scores.
Moreover, we understand that views from external stakeholders are elemental to illustrate a clearer picture on the company’s ESG performance. Therefore, we arranged interviews with the company’s external stakeholders to gain deeper understanding of their views. After plotting the Materiality Matrix and organising stakeholders’ opinions on specific ESG issues, we can set a threshold to determine the material ESG-related topics to the company.
With the increasing needs on a more comprehensive description in delivering a proper disclosure of the process and results of Materiality Assessment, we aim to let clients to be at ease in determining ESG issues that are important and should be disclosed, thus to be well-prepared for the rapid changing business environment and plan ahead for future operations.
