Materiality

To ensure that our sustainability work concentrates on the most material topics, we continuously follow the most recent developments and trends in the sustainability field, changes in legislation as well as input from stakeholders. We also update our materiality assessment regularly, although our material sustainability topics tend to stay the same over the years, with only slight variations to their relative importance.

We performed a substantial update of our materiality analysis in 2018, where we applied a data-driven approach and included information from several different sources, including corporate reports, hard and soft law, news and social media. The assessment was also supplemented by integrating sustainability-related standards and the results of a survey amongst both internal and external stakeholders. The analysis resulted in 26 ESG topics identified as material for us, which were then grouped into 15 higher-level topics that were mapped in a matrix according to their significance from an external and internal point of view.

In 2019 and 2020, updates to the assessment showed that the material topics for Huhtamaki have remained largely the same over the years. It also confirmed that our 2030 sustainability ambition and goals cover the topics that are most material for us and our stakeholders.

The results from the latest assessment are mapped in the below matrix, where the X-axis represents the industry view, including internal stakeholder surveys and corporate reports, and the Y-axis represents the external view, including external stakeholder surveys, online news, regulations, Twitter, and international standards.

materiality-matrix-2021.svg

Read more about how we manage the material sustainability topics in the Sustainability Supplement in the 2021 Annual Report.