Stakeholders and materiality

Stakeholder dialogue

Stakeholder dialogues are a way for us to develop insights into how important the various sustainability topics are to different stakeholder groups when they interact with our Group companies.

In addition to in-depth interviews, we carry out regular dialogues with stakeholders. These dialogues will also hopefully generate increased awareness of the Group’s impacts, risks and opportunities and how our lighting solutions are contributing toward sustainable value creation.

Our operations impact and are impacted by numerous stakeholders. Being attentive to the views, expectations and needs of stakeholders guides our sustainability efforts.

Stakeholder groups

Examples of external stakeholder groups

Customers
Shareholders, investors, analysts
Suppliers, business partners
Decision makers, authorities
Local communities
Interest groups
Schools and universities

Examples of internal stakeholder groups

Employees
Sustainability specialists
Management teams
Group Management
Board of Directors

Materiality analysis

The Fagerhult Group conducts regular materiality assessments to identify and prioritise work on the most important sustainability topics. This analysis forms the basis of our sustainability agenda, “Positive change for better living”, and our material sustainability topics are grouped according to our four focus areas.

In addition to analysing the material sustainability topics, we also use a financial perspective. This double materiality assessment helps us understand how risks and opportunities related to sustainability topics impact us financially.

We continuously revise our materiality assessment to ensure the best possible mapping, prioritising and managing of our material sustainability topics.

To understand the impact we have, or could have, on our operating environment as well as which effects and dependencies could lead to risks and opportunities, we surveyed its value chain, activities and business relationships. The results of our stakeholder dialogues, especially how various stakeholders are impacted by potential material sustainability topics, were also taken into consideration.

This work afforded us a deeper understanding of the challenges in our sector and in the industries and materials that comprise our value chain.