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The material topics, namely the most significant issues identified via a context analysis and shared discussion with internal and external stakeholders, form the basis for our strategic sustainability planning and performance reporting.
Via the materiality analysis process, we identify the most important economic and governance, social and environmental or "material" topics for the Group and our stakeholders, considering their impact on the business and on the parties concerned.
The analysis is divided into different phases:
The output of the process is the materiality matrix, a two-dimensional graph, where the issues are placed in order of their importance.
In 2022 we launched a new cycle of analyses, aimed at identifying the main topics of interest and defining their prioritisation according to the associated impacts.
The new cycle, carried out based on a revised, more inclusive and participatory methodology, provided for:
Downstream of the focus groups, the results were analysed and the outputs elaborated, making it possible to build the 2022 materiality matrix and list the material issues and associated impacts, as perceived by the stakeholders.
The 2022 materiality matrix presents the topics according to a dual perspective of multi-stakeholder and managerial relevance. Compared to the previous survey cycle, the material issues were reduced from 19 to 15: this reduction was due to the fact that the dimensions which, in the previous cycle of analysis, formed part of the topics Performance management systems for sustainability in the medium and long term, Integrated risk management (threats and opportunities), Air quality preservation, Smart utility innovation of processes, infrastructures and services and Business evolution through open innovation were merged – in their broadest sense – into the topics Governance geared towards sustainable success, Protection of the ecosystems and biodiversity and technological innovation and digital transformation.
The positioning was determined taking into consideration the evaluations expressed by stakeholders and managers as regards the associated impacts of each material issue.
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