Materiality
Our guide in moving toward a successful sustainability strategy
Crafting an impactful ESG strategy
When it comes to designing one’s own sustainability strategy, there are many different topics that can be considered across all three ESG dimensions. But from the environment to social matters and governance, not every sustainability aspect is equally relevant to every company or its stakeholders.
To identify the topics important to the Dussmann Group from among the many different possible aspects, we have been relying on our materiality assessment and are continuously optimizing this process. We engage in close dialogue with our external and internal stakeholders about this, working together to identify which aspects should be the focus of our ESG strategy.
A holistic view of sustainability
At the Dussmann Group, we follow the double materiality approach, one of the key elements of the European sustainability reporting standards (ESRS). This means that we take the following two perspectives into account when determining the material sustainability aspects. The first of these is the inside-out perspective, which covers ESG topics that are actually or potentially negatively or positively affected by our business activities. At the same time, we also consider the outside-in perspective. Here, we focus on ESG topics that represent relevant opportunities and risks for the Dussmann Group and its business success.
Our illustration of the double materiality shows the perspectives we consider. We consider an ESG topic as material if it’s material from one or both perspectives. We identify sustainability-related risks and opportunities through our Group-wide Enterprise Risk Management (ERM) system, focusing on those with potential financial impacts. We systematically involve our internal and external stakeholders in the process. These include, for example, clients with whom we are in regular and often close contact as part of our day-to-day business. We clarify the perspectives of our employees and suppliers through targeted dialogue formats in order to incorporate their interests and requirements. The results of the materiality assessment guide the Dussmann Group's strategic approach to sustainability.
Sustainability report of the Dussmann Group
Our responsibility for the environment, social matters, and corporate governance has been an integral part of our company policy since 2018. Since then, we have been publishing our annual sustainability report, highlighting our achievements and actions as well as our concrete goals. Download the report to learn more about the progress we have made and our planned activities.
