A materiality assessment helps to identify and address the economic, social and environmental topics that matter most to the steel business and its stakeholders.
worldsteel performs materiality assessments on a regular basis to ensure the industry's reporting is meaningful to our stakeholders.
A materiality assessment is a process through which a sustainability issue can be prioritised, based on relevance to stakeholders and impact on society.
Through these assessments we identified 7 keys focus areas for further development to supplement and go beyond our indicators.
We are currently working to broaden our sustainability communication with our stakeholders by addressing these areas in detail and understanding the challenges over the coming years.