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In order to optimize our sustainability strategy and utilize resources in the most effective way possible, it is essential to systematically prioritize the various areas of activity. In this regard, we consider the materiality analysis as defined by the Global Reporting Initiative (GRI) to be an important tool. This analysis is based on four principles: sustainability context, materiality, completeness and stakeholder inclusiveness.
In 2015, we commissioned a comprehensive personal survey of our main external stakeholders which was based in both content and method on our 2014 internal survey.
The survey participants were unanimous that sustainability is of great strategic importance for a global chemical company. A broad majority regard LANXESS as a company that acts sustainably and rated us highly for fulfilling our corporate responsibility. Of the 31 issues evaluated in six areas, our external stakeholders consider anti-corruption, safety at work and compliance to be the most relevant. They saw room for improving sustainability communications through face-to-face discussions – customers in particular would welcome a more active information policy from LANXESS.
The consolidated findings from the two surveys are shown in our materiality matrix, which has been given a clear new format. You will find it in the download area on the right.