IDENTIFYING KEY ISSUES FOR THE ORGANISATION AND VERIFYING THEIR IMPACT ON STAKEHOLDERS. THIS IS WHAT IS REFERRED TO AS MATERIALITY ANALYSIS: A PROCESS THAT FACILITATES THE CREATION OF VALUE OVER TIME.
The answer is materiality analysis, a process that allows organisations to identify materials indicators for the business, in other words those able to influence, positively or negatively the enterprise’s ability to create value over time.
We thus identified the key indicators: a 5 step process
1- We began by mapping indicators found in leading international guidelines and industry standards (GRI-G4 Global Reporting Initiative, ISO 26000, Global Compact)
2- We contextualised the indicators in relation to the Automotive sector, through a bench- marking process conducted on 16 Magneti Marelli peers
These first two phases allowed us to identify relevant indicators on which the subsequent analyses were centred.
3- We analysed the specific industry scenario, public opinion and the pressures on Magneti Marelli
4- We analysed the code of conduct and company Policies
5- Stakeholder engagement:
Internal - We involved Business Area Managers who helped define the relevance of sustainability indicators within the company
External - We identified and listened to our key stakeholders and with them we compared notes on key indicators, collecting ideas, insights and opinions