Stakeholders and materiality matrix
Understanding and taking into account different views is the basis for sustainable development. So is the monitoring of material issues.
Mapping of all relevant stakeholder groups showed that there are almost 40 external and internal stakeholder groups that are affected directly or indirectly by the company’s activities. Their concerns, which were also discussed in face-to-face interviews, form the basis of the materiality analysis and should help to identify opportunities for the company and also any risks at an early stage.
ANDRITZ pursues an active communications and information policy to ensure that its dialog with all stakeholders is transparent and based on trust.
The most important stakeholders for ANDRITZ are:
- Employees
- Customers and business partners
- Suppliers
- Shareholders
- Press and the media
- Science and research
- Governments and authorities
- Non-governmental organizations (NGOs)
Stakeholder surveys and interviews with relevant stakeholders have already been conducted several times in order to establish the main reporting topics and relevant fields of activity for the ANDRITZ GROUP. The following image displays all material aspects.
ANDRITZ materiality analysis
Hence, the topics with the greatest influence on the social impact of ANDRITZ’s business activities and on the decisions that stakeholders make with respect to their business relations with ANDRITZ are:
- Compliance with legal and ethical standards/corporate compliance
- Climate and environmental protection
- Responsible working conditions, safety at work and health care
- Fair dealings with suppliers and business partners
- Sustainable production and projects as well as product safety
- Responsible company management, ethics, and business practices
- Digitalization and innovation
The different weighting of the topics is illustrated in the graphic above. These topics are also dealt with in the non-financial statement.