Materiality Analysis

Non-financial reporting reflects the principle of materiality or relevance, as provided for by reference legislation and formalised by the GRI Standards: the topics considered within this Report are those that, following the materiality analysis and assessment, were considered "material", or such to reflect the social and environmental impacts of the Group's activities or influence the decisions of its stakeholders.

In 2020, in line with the GRI Sustainability Reporting Standards, we updated the materiality matrix to confirm or review the relevant topics following the internal analysis of requests from investors and ESG rating companies , and a benchmark analysis with sector companies.

We submitted the issues thus identified to assessment by ESG Committee members, ERG managers and senior managers (employee stakeholders), financial analysts and institutional investors (financial and investor stakeholders), peers and sector experts (partners), and suppliers. The evaluations were based on an online questionnaire in which the relevance of the individual issues was assessed by a grade from 1 to 10.

The analysis results substantially confirmed the topics identified previously and identified Human Rights & Diversity as a new material topic. The materiality matrix was submitted for assessment and approval by the Sustainability Committee.