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Materiality analysis

Materiality analysis

In 2023, the Group carried out its first materiality analysis of sustainability topics in accordance with GRI standards. The purpose of this assessment was to identify the Group’s key environmental, social and governance topics, and to review the Group’s sustainability strategy based on these topics. This also serves as a base to provide detailed information on such topics and its management in Sustainability Report. 

The results of the materiality analysis are summarized later in this report.

Key steps in assessing materiality:

1. Identification of relevant topics for sector peers. Topics of interest to companies in the logistics sector were reviewed, and a list of potential sustainability topics was compiled. Topics recommended by other widely used sustainability standards were also assessed. 

2. Assessment of the topics that are most important to stakeholders. An anonymous survey was conducted to compile information on the most important sustainability topics for stakeholders. The survey was carried out in December 2023 by sending a questionnaire to targeted contacts from each stakeholder group. A total of 467 responses were received. 

3. Impact and risk assessment. Each sustainability topic has been assessed in terms of its potential impact on the environment and society, as well as its impact on the Group’s performance. At this stage, the Group also discussed the main risks and opportunities related to sustainability and the potential financial impact on Group companies. The final result is a materiality matrix presented further.

Materiality matrix

The materiality matrix outlines the social, environmental and governance topics most relevant to the Group’s sustainability. All of these topics are important, but to set sustainability priorities, they are ranked according to their importance to stakeholders and their impact on society, the environment and the Group’s performance. Material topics are those that are very important to the stakeholders and have a very significant impact on society, the environment and the Group’s results. The management principles for all material topics are described in accordance with GRI requirements in this report, in chapters arranged by topic.

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