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Double Materiality Matrix & ESG Risk Management
Goal Setting
PharmaEssentia referenced the GRI 3: Material Topics 2021 of the GRI Universal Standards 2021 released by the Global Sustainability Standards Board (GSSB) in 2021 as well as the Double Materiality principle proposed by the European Union to analyze and confirm material topics.
Process for Identifying Material Topics
We adopted the Double Materiality principle, referenced stakeholder feedback, conducted discussions with the Executive Center for Corporate Sustainability and associated executives, and combined related topics before finally confirming eight material topics.
