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Double materiality process

Arelion proceeded to initiate and finalize its first double materiality assessment (DMA) during 2024.

The assessment was made using guidance from the ESRS framework with the objective of trying to identify, assess and prioritize actual and/or potential impacts and risks. The double materiality assessment has been proceeded with stakeholder input, including the company’s owners, employees, business partners, supplier, key internal company officials and the management team. It has also been aligned with key internal processes such as our third party due diligence and risk management processes. Since Arelion is a global company with operations in many parts of the world, several risk parameters have been assessed for both upstream and downstream value chain partners. 

The assessment has identified where in the value chain the potential or real impacts, risks or opportunities occur, and presents their potential impact on Arelion. The potential impact for stakeholders not directly in the Arelion value chain have been accounted for by utilizing external reports and research from sector communities and NGOs. The final draft proposal of double materiality was presented to the management team and subsequently approved by the board of directors. The assessment has concluded materiality for the sub-topics that reached the thresholds corresponding to the material thresholds determined in the risk management process. The risk management process currently scores risk according to three value brackets: low, medium and high. The same brackets were used to score severity and likelihood, as well as scale and scope. If the sub-topic was assessed as irremediable, the sub-topic would be rated as material irrespective of the other aggregated values.

 

Sustainability

Arelion take responsibility for people’s wellbeing, our planet and sustainable business. Our sustainability agenda is a natural part of Arelion overall strategy. Read more about connecting a sustainable future.