What is materiality

Materiality is the dimension within which a certain aspect of the relationship between the company and its stakeholders is able to influence the former's ability to create value.
There are two characteristics that need to be considered to evaluate the materiality of an aspect of business activity:

• if it produces significant impacts from an economic, social or environmental point of view;
• if it can substantially affect assessments or decisions by stakeholders about the company.

Determination of material aspects of company-stakeholder relationship is not only important to identify topics to be included in the sustainability report, but it also helps identify the areas for governing relationships with stakeholders to bring the company to a sustainable and long lasting path towards economic and competitive value generation.