Conducting a materiality assessment offers several key benefits:
Enhanced Decision-Making: Provides a clear understanding of critical issues, leading to informed strategic decisions. Risk Management: Helps identify and mitigate potential risks before they become significant problems. Stakeholder Engagement: Strengthens relationships with stakeholders by addressing their concerns and expectations. Transparency and Accountability: Enhances the company's reputation by being transparent about its priorities and actions. Competitive Advantage: Positions the company as a leader in sustainability and corporate responsibility.