Andersen completed its first Materiality Analysis in 2015. The process helped ensure our sustainability strategies and metrics are focused on the issues where we can have the most positive environmental, economic and social impact.
ANDERSEN CORPORATION MATERIALITY MATRIX
Our aspect boundary within the organization is defined as operations where we have financial control. Outside the organization, our aspect boundary is defined as our broader value and supply chain. Select aspects also impact the communities where we operate.
Our key stakeholders include customers, employees, suppliers, shareholders, NGOs, governments and communities where we operate. For our Materiality Analysis, we assigned a higher (2X) weighting to the stakeholders who have the most significant impact on our business—specifically, key customers, suppliers, shareholders and employees.
Stakeholders were engaged in the materiality process through direct surveys or dialogue with stakeholder champions. In addition, we engaged the Governance & Accountability Institute, an official GRI data company, to profile several key stakeholder groups to validate our findings.
We also evaluated the potential impact of all G4 aspects on our business. We took a triple-bottom-line approach by evaluating a particular issue’s impact on the environment, people and our business. Economic rankings were assigned a 2X weighting, since we are not able to positively impact the environment or people without continued business viability.