Annual Report 2020

Materiality and stakeholder communication

In this report, we present our performance in relation to our goal to integrate ESG considerations into our business model and strategy. This goal, and therefore the content of this report, are based on both an internal value chain analysis and on ongoing communication with relevant stakeholders. Our most relevant stakeholders are our employees, customers, suppliers, investors and shareholders, the public sector and regulatory authorities, and broader society and communities where we are present. These stakeholders were selected because we have a direct influence on their interests. To enhance our awareness of the world around us and our impact on it, and to narrow down the focus of the report, we created a materiality analysis in late 2018. The next update is expected in 2021. This presents the most relevant topics that GrandVision has an impact on to our stakeholders. The assessment was approved by the Management Board and consisted of three steps.