Double Materiality Matrix & ESG Risk Management

Goal Setting

PharmaEssentia references the Global Sustainability Standards Board (GSSB) 2021 GRI Universal Standards and the concept of double materiality proposed by the European Union to conduct materiality analysis and confirmation of Materiality Assessment.

Process to determine Materiality Assessment

Double Materiality Matrix

List of Materiality Assessments Metrics & Targets

Apply the dual materiality principle and incorporate stakeholder feedback to consolidate and manage pertinent issues. Collaborate with the Sustainability Development Center and management to identify eight key material themes. Define management indicators and policy objectives for each materiality assessment. Conduct regular reviews of indicator/objective achievement rates, ensuring accountability and progress tracking across various sustainability performance indicators.