What matters to your organisation
What is it?
The IMS Consulting Materiality Tool helps businesses understand which sustainability issues matter most to their stakeholders. This can be used to inform the contents of sustainability reporting to ensure that there is a focus on material issues, in line with current best practice. Using a materiality process that includes stakeholder engagement is a key aspect of the latest G4 sustainability reporting guidelines provided by the Global Reporting Initiative (GRI)
How it works?
The Materiality Tools provides your stakeholders with an opportunity to state which sustainability issues are most important to them in their relationship with your business. The starting point is a ’long list’ of potentially material issues, that span the three sustainability pillars of Environment, Social and Economic, but which are issues typically not covered by traditional financial reporting. This list has been developed by IMS Consulting based on our knowledge and understanding of corporate sustainability reporting.
The first aspect of the Materiality Tool is an online consultation. This first asks stakeholders to select which issues are relevant to them, and then asks them to score the importance of all relevant issues between 0 and 100.
The second aspect of the Materiality Tool is a statistical analysis, using a method developed based on IMS Consulting’s experience of conducting materiality assessments. Assessment of material issues is based both on the number of stakeholders who identify a particular issue as relevant as well as the average importance score assigned to that issue. The combination of these two elements determines which issues are most likely to be material to the business and its stakeholders.