Define report content: materiality analysis

Assess current best practices (e.g., impacts and material topics, how peers are conducting their materiality analysis)

Identify gaps and establish what is needed to close the gaps

Define how the materiality analysis will be implemented and how often it will be updated

Establish who will be involved (internally and externally) and what the outcome will be (consider the possibility of external support)

Define the value chain of the company (the full range of an organisation’s upstream and downstream activities, which cover the full life cycle of a product or service, from its conception to its end use)

Identify an initial list of topics related to the organization’s potential impacts

Impact assessment (review the initial list of potential impacts, assess and rank them in terms of relevance and significance to the company)

Assess topics that substantively influence the assessments and decisions of stakeholders

Set threshold and prioritise topics

Consider creating materiality matrix (optional)

For every material topic, the reporting organization shall report the related boundary, including where the impacts occur and organisation’s involvement with the impacts

Review the analysis and ensure that the Reporting Principles for defining report content have been applied correctly

Final validation

Choose the ‘in accordance’ option (Core or Comprehensive) or GRI-referenced option

Define the set of disclosures for each material topic based on the selected ‘in accordance’ option