The process began by defining a comprehensive approach for impact, risk and opportunity analysis and evaluation. Together, the team conducted an in-depth assessment of sustainability-related negative and positive impacts, business risks and opportunities. The analysis was informed by Kemira’s existing assessments of environmental and social risks, key informant interviews across functions, and desktop research of relevant topics in the industry. In addition, key stakeholders for the company were interviewed to complement existing stakeholder information. Material impacts, risks and opportunities were evaluated in several workshops and validation sessions, in which key experts and decision-makers participated to give their perspectives for the evaluation.

After the discovery of material topics, we proceeded with the update of key performance indicators to guide the company’s sustainability strategy execution. In the definition of key performance indicators, best practices from global sustainability leaders were utilised, and the indicators were chosen considering alignment with business strategy and the impact on material topics identified. The key performance indicator definition was conducted collaboratively with a cross-functional team, and they were validated by the company’s sustainability steering committee.