Materiality assessment

In 2022, Gränges conducted a renewed materiality assessment in line with the principle of double materiality. The assessment process followed the following steps: First, Gränges identified a list of relevant sustainability topics for the company based on peer benchmark, industry standards and upcoming reporting regulation. The list was shortened to 22 topics. Thereafter stakeholders were asked to rate each topic based on impact and relative importance. To prioritize and identify material topics, internal validation workshops were held. The results largely confirm the assessment done in 2017, which indicates that the existing strategy is still relevant.

In 2023, Gränges validated the materiality analysis and quantified sustainability and financial impact in line with the updated ESRS requirements on double materiality. The result of the updated materiality assessment will be finalized in 2024.

Stakeholder dialogue

Gränges seeks to establish long-term and transparent dialogues with its stakeholders. Stakeholder inclusiveness is a priority for Gränges, and the company regularly engages key stakeholder groups in structured dialogues regarding sustainability topics, reporting content and other expectations. In 2022, Gränges conducted a new comprehensive stakeholder dialogue. The company aims to conduct annual dialogues to ensure that stakeholder interests are taken into consideration, as part of an annual validation of material topics.