Gabriel_Annual_Report_2024-25 - Flipbook - Page 32
CONTENTS // SUSTAINABILITY STATEMENT // GENERAL INFORMATION
Double materiality assessment
Since its ISO 14001 certification in 1996, Gabriel has systematically mapped, assessed and addressed environmental matters. Over time, this work has expanded to cover
other sustainability matters such as social aspects and
business conduct. In the 2024/25 financial year, Gabriel
introduced the double materiality principle and performed a double materiality assessment.
A double materiality assessment is a method for identifying and assessing material sustainability matters from
two perspectives:
• Impact materiality: assessment of the company’s
impacts on people and the environment;
• Financial materiality: assessment of the impacts of sustainability matters on the company’s financial results.
The double materiality assessment thus judges the
impacts, risks and opportunities relating to Gabriel’s
impacts on people and the environment and the financial impacts on Gabriel.
Process for identification of impacts,
risks and opportunities
Gabriel has established a documented process for identifying and assessing material impacts, risks and opportunities in accordance with the double materiality
principle. The process combines qualitative and quantitative methods and is based on parameters including
the scale, scope, severity, likelihood and the irremediable nature of the impacts as well as relevance to the
business model, value chain and strategic priorities. The
assessment is documented.
The assessment covers both our own operations and
value chain operations and takes into consideration
geographical differences, differences across countries,
locations and entities, and business relationships. Special
emphasis is placed on activities, relationships and areas
with an increased risk of negative impacts on people
and the environment.
The process may be performed in several rounds/iterations to ensure quality and anchoring, and consensus
among the participants is sought on all significant assessments. The assessment is reconciled with Gabriel’s management system, strategy and input from central functions to ensure relevance and organisational anchoring.
The process includes an assessment of how the company
is involved in impacts: directly through its own operations
or indirectly in the value chain and through business relationships. Financial risks and opportunities that may
arise from dependence and impacts are assessed, as
well as their likelihood, magnitude and nature.
A chosen mapping and assessment tool is used to make
the assessment to ensure a systematic approach to identifying and prioritising negative and positive impacts
and associated risks and opportunities. The tool also
supports the assessment of financial effects and integrates input parameters such as scale, likelihood and
strategic significance.
The process includes consultation with internal stakeholders with knowledge of Gabriel’s core activities and
value chain. Stakeholders are selected based on their
skills, responsibilities and knowledge of potential impacts,
risks and opportunities.
Negative impacts are prioritised based on their relative severity and likelihood, while positive impacts are
assessed based on scale, scope and likelihood. This prioritisation is the basis for determining material topics to
be reported.
Gabriel uses data and information from its own operations and relevant external sources and the assessment covers the entire Group and significant parts of the
value chain. Where primary data are not available, wellfounded estimates and assumptions are used.
The double materiality process is integrated into Gabriel’s
overall management system and risk management and
carried out by the Director of CSR and Quality, who is
responsible for the Group’s sustainability matters and
reports directly to the Group CEO. It is used to assess the
company’s total risk profile and activities. Internal procedures ensure that the assessments are consistent and
documented. The results of the assessment are presented
to Gabriel’s CEO, and the process is revised annually to
take into account changed conditions, new information
and developments in the value chain.
The results of the assessment
The disclosures published as material impacts, risks and
opportunities are selected based on Gabriel’s double materiality assessment. The statement includes only those
matters that are assessed to be material to Gabriel and
its stakeholders. The assessment was approved by the
CEO and is re-assessed annually.
The process has helped pinpoint the areas in which
Gabriel has the biggest impact, risks or opportunities.
This does not prevent Gabriel from working with other
areas, but as a result of Gabriel’s preventive measures
or existing legislation, they are not considered material
in terms of scale and likelihood.
The following standards/topics were assessed as not
material in 2024/25:
• ESRS E2: Gabriel has screened for its impact on pollution. Based on this assessment, no material risks or
negative impacts were identified in the value chain.
• ESRS E4: Gabriel has assessed its impact on biodiversity. The assessment is based on screening of its own
operations and dialogue with significant suppliers. No
material risks relating to biodiversity in the value chain
were identified. The consideration for biodiversity is relevant for wastewater, since fabric production requires
water and chemicals in dyeing and finishing processes.
Gabriel focuses on effective wastewater treatment and
on measures to ensure that discharges comply with
applicable law to protect local ecosystems.
• ESRS S2: Gabriel has screened for its impact on the
conditions for workers in the value chain. Based on
this assessment, no material risks or negative impacts
were identified.
• ESRS S3: Gabriel has screened for its impacts on local
communities. Based on this assessment, no material
risks or negative impacts were identified in the value
chain.
• ESRS S4: As Gabriel’s sales are business-to-business
(B2B) only, the standard on consumers and end-users
is assessed as not material.
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