Materiality analysis

The Corporate Sustainability Reporting Directive (CSRD), which is mandatory for Anora from 2025 onwards, is an EU regulation requiring companies to report on their environmental, social, and governance (ESG) actions in accordance with the European Sustainability Reporting Standards (ESRS) starting from the financial year 2024.

As a base for the CSRD report in order to identify on what topics Anora is required to report on, a new and updated double materiality assessment (DMA) was conducted. The double-materiality principle includes the perspective on both the company’s positive and negative impacts (the inside-out view) and the financial risks and opportunities (the outside-in view). The work on identifying and assessing material impacts, risks, and opportunities (IROs) was carried out in 2023-2024 utilizing Anora’s previous materiality assessment, desktop study, stakeholder interviews, and group assessment workshops.

Based on our double materiality assessment, eight material topics for Anora were identified:

• Climate change

• Water and marine resources

• Biodiversity and ecosystems

• Circular economy and resource use

• Own workforce

• Workers in the value chain

• Consumers and end-users

• Business conduct

For further information on the DMA and the impacts, risks, and opportunities related to the material topics, please see our 2024 Sustainability Statement, published as part of Anora’s 2024 Annual Report.

Anora’s previous materiality analysis was conducted in 2022 and served as the basis for Anora's 2030 Sustainability Roadmap, which was published in November 2022.