Coming from the financial world, the concept of materiality refers to anything that can have a significant impact on a company, its activities and its ability to create value, financial and non-financial, for itself and its stakeholders.
In 2013, Schneider Electric conducted a materiality analysis, involving its external stakeholders (customers, media, distributors, international organizations, experts, etc.), as well as managers and executives from different departments of the Group (Environment, Supply Chain, Finance, Human Resources, Business, etc.). Six different nationalities were represented among the participants and 37% of respondents were women while 63% were men.
With the help of consulting firm Utopies, the objective of this analysis is to ensure that Schneider Electric communicates on the most important economic, social and environmental issues; identifies opportunities and risks for its present and future activities; and updates its approach to sustainable development in the light of key stakeholders' expectations.