NAT.A01.EA Sustainability Strategy Disclosure
About the data
This metric was designed by The World Benchmarking Alliance, more information can be found here. Sources and Alignments for each indicator can be found here as well as the scoring guidelines here
The World Benchmarking Alliance's Nature Benchmark measures and ranks the world's most influential companies on their efforts to protect our environment and its biodiversity.
This metric relates to the Indicator: The company has sustainability objectives and targets embedded in its strategy and business model.
Rationale: A corporate sustainability strategy prioritizes and embeds sustainability objectives and targets and helps the company to deliver on key Sustainable Development Goals (SDGs). It facilitates the company's ability to adapt and change through forward planning, increasing its resilience, managing risks and protecting workers, the company and society at large.
Methodology
WBA analysed all publicly available group-level disclosure in English on the applicable group website, which was predominantly annual reports and sustainability reports. Draft assessments were then sent to each company inviting them to provide feedback. This feedback could include additional publicly available group disclosure published. These were then reviewed and finalised. Final assessments were then shared with each company before being published online.
For this metric, the company needs to have a regular exercise at least every 2-3 years. The company needs to disclose a process which meets double materiality. The assessment must have involved external stakeholders, for example, through surveys or interviews. The company must report its environmental and social impact, instead of only taking a risk approach/assessment. It must also provide a list of the most relevant sustainability topics based on the process.
Keywords: Materiality matrix, assessment, creation of value map.