Approach to materiality

The materiality matrix offers a comprehensive and in-depth assessment of the key material aspects that are deemed significant by both the management and Crompton’s key stakeholders. The identification and prioritisation of these critical issues were based on an exhaustive evaluation process that was carried out in collaboration with both internal and external stakeholders. This process involved engaging with 242 stakeholders and assessing a list of 26 topics, which allowed us to gather invaluable insights and feedback on the material aspects that matter most to them.

The matrix highlights the issues that have been identified as high-priority by the stakeholders and these are given due consideration in our sustainability strategy. Through this exercise, we have developed a deep understanding of the issues that have a significant impact on our stakeholders, enabling us to prioritise our actions and allocate our resources more effectively.

We are committed to continuing this ongoing process of engagement and evaluation, as we strive to achieve sustainability goals that are in the best interests of all our stakeholders.

The material topics considered for reporting are as follows

Energy efficiency

Raw materials and substances/ resource optimisation

Occupational Health and Safety

Business Ethics and General Business Principles

Data Privacy and Cyber Security

Innovation and Research

EmployeeWell-being

Customer Relationships

Talent Development

Brand Salience

Product Responsibility and Safety

Economic Growth

Importance to internal stakeholders

Top priorities

These issues are of the greatest importance to both stakeholders and Crompton. An effective and externally visible management response to these issues is vital for long-term business success

Priority issues

These issues are of medium to high importance to stakeholders and to Crompton. An effective and externally visible management response to these issues should be a high priority

Hidden Value Creators

Although not high on the agenda of stakeholders, these issues are important to the business. Crompton should consider raising awareness with stakeholders to educate them about the relevance to the business

Hygiene Factors

These issues are of high importance to stakeholders but low impact on the business. Crompton needs to balance responding to stakeholder concerns without incurring substantial cost

Monitoring issues

These issues are less important to stakeholders with limited impact on business performance. Best practice suggests that Crompton should monitor these issues as they may become more impactful over time

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