The process of our materiality assessment
For our materiality analysis, we used the ESRS 1 long list and supplemented it with two company-specific topics. Taking into account our upstream and downstream value chain, we then identified (potential) impacts, risks, and opportunities (IROs). The Corporate Strategy, Growth & Transformation (CS) department, together with numerous specialist departments (e.g., Group HR and Group Governance), identified and assessed the IROs. An external consultancy was also involved in the process. To assess the impacts, the experts considered the severity and, for potential impacts, the likelihood of occurrence. To assess risks and opportunities, they considered the financial magnitude and the likelihood of occurrence. This process allowed EOS to establish a foundation for decision-making regarding the CR strategy and systematic sustainability reporting.