An important part of preparing this report is defining our material priorities and topic areas. To determine this, we employ the GRI Reporting Principles of stakeholder inclusiveness, sustainability context, materiality, and completeness.
Our process begins by evaluating the current business environment and reporting landscape. We engage with a variety of stakeholders including customers, investors, employees, industry associations, and the broader sustainability community in a variety of formal and informal engagements throughout the year. We conduct a formal materiality assessment every two years to formally define the company's most material sustainability priorities. This report is based on our most recent complete materiality assessment, which was updated in 2021. The topics on the map are those that were explicitly mentioned by our stakeholders during our engagement process for the materiality refresh in 2021. Topics excluded from our materiality map can still have importance to our company.
The terms "material" and "materiality" are used in the context of Environment, Social, and Governance (ESG) standards and do not imply financial or legal materiality.