Ragn-Sells’ materiality analysis
To identify what areas and topics Ragn-Sells should particularly focus on in our sustainability efforts, we conduct materiality analyses involving our key stakeholders, on a regular basis. This approach aims to identify potential critical economic, environmental, and social impacts that Ragn-Sells might have and/or issues that substantially influence stakeholders’ decisions.
Our most recent materiality analysis was conducted in the spring of 2019 and resulted in an updated list of material topics which have kept guiding us during 2020. A survey asking our stakeholders which topics they deem as important for Ragn-Sells to focus on, was sent to 370 recipients, out of which we received 61 complete answers.
The low response rate can probably be explained by the fact that we did not reach the right respondent role within the stakeholder group and that some respondents quit before all questions were answered. Respondents are found among our owners, employees and external stakeholders representing the following groups: customers, suppliers, politicians, and representatives from governmental organisations.
The plan for coming materiality analysis is to combine the stakeholder survey with the process of reviewing the Ragn-Sells strategy and market analysis.
The result of the survey was compiled and analysed and formed the foundation for an internal discussion where Ragn-Sells’ impact on the identified topics were analysed from a value chain perspective. Ragn-Sells’ potential impacts, both negative and positive, combined with our stakeholders' views, form the result of our materiality analysis.
Compared to previous years, the number of our material topics have decreased. Some topics have been merged to categories, while others, although still being manged, are no longer deemed as material. The purpose of this restructuring is an even clearer focus on the issues that are of greatest importance to our stakeholders and where Ragn-Sells has the greatest positive or negative impact.
- Economic performance
- Customer focus
- Climate impact
- Responsibility in the value chain
- Diversity, equal opportunities, and non-discrimination
- Compliance with laws and regulations
- Health and safety
- Competence and personal development