Double-materiality assessment

home / Sustainability / Our approach / Double-materiality assessment

We understand that Environmental, Social, and Governance (ESG) concerns are central to responsible business practice and sustainable growth. Our approach to prioritizing ESG topics is deeply rooted in our commitment to creating a positive impact on our planet, people, and communities. We engage in a methodical process to identify, assess, and address the most critical ESG topics that align with our core values and business strategy.

Identifying key ESG areas

Our comprehensive assessment process involves identifying key ESG areas that are pivotal to our business and stakeholders. We employ a double materiality framework that not only evaluates the impact of our operations on the environment and society but also considers how ESG issues can affect our business performance and value. This dual perspective ensures a balanced approach to addressing the most significant topics.

Stakeholder engagement: A collaborative process

Engagement with our diverse stakeholder groups is integral to our ESG prioritization process. We actively involve suppliers, customers, employees, local communities, and investors in our discussions and decision-making. This collaborative approach allows us to gain varied perspectives, ensuring that our ESG initiatives are relevant, impactful, and inclusive.

ESG integration and governance

Governance plays a crucial role in our ESG strategy. Our Board of Directors and executive management team are committed to integrating ESG considerations into our governance structure, business strategy, and daily operations. This integration ensures that ESG topics are not peripheral issues but are central to our decision-making processes.

Ongoing review and adaptation

We recognize that ESG priorities can evolve over time. Therefore, we conduct regular reviews of our ESG topics, adapting our strategies and actions to align with emerging trends, regulatory changes, and stakeholder expectations. This dynamic approach allows us to remain agile and responsive to the changing ESG landscape.
c

Our commitment to transparency and reporting

Transparency and accountability are key pillars of our approach to ESG. We are committed to regular and comprehensive reporting on our ESG performance, offering stakeholders clear insights into our progress, challenges, and future plans.

Driving sustainable impact

Our strategic focus on prioritizing ESG topics demonstrates our unwavering commitment to driving sustainable impact. At BEWI, we are dedicated to not only meeting but exceeding our responsibilities towards the environment, society, and governance. Join us as we continue to advance on this path, shaping a more sustainable and equitable future for all.