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Kansai Nerolac
The Story Till Date

Materiality

Materiality is an important tool to identify key topics that are critical to our business performance and interests our stakeholders. Analysis of these material topics helps us define our strategic goals and ambitions, and thereby institute an effective sustainability framework. Our materiality processes are in line with the Global Reporting Initiative (GRI) Standards Guidance.

Materiality Determination Process:
We conduct sectoral analysis, study industry peers, seek guidance from sustainability standards and frameworks, and based on our learning from previous experiences, we identify a comprehensive list of material topics. The identified material topics are then prioritised based on our engagements with key internal and external stakeholders; and through senior management interactions. A suitable action plan is then instituted along with mapping of strategic goals and targets. The performances against the set targets are monitored and the action plan is revisited as required.

Identification and Assessment of Material Topics

Prioritisation of Material Topics

Set Strategic Goals

Develop Action Plan

Review of Performance

Our Materiality:
We have categorised our material topics under 5 broad areas: Decarbonisation, Resource Use, Quality of Life, Diversity and Governance

Decarbonisation
  • Energy Management
  • Emission Management
  • Climate Change
Resource Use
  • Water Management
  • Waste Management
  • Product Stewardship
  • Waste Management
  • Product Stewardship
  • Responsible Product
  • Sustainable Supply
Quality of Life
  • Human Rights
  • Occupational Health and safety
  • Employee Engagement and Well-being
  • Community development
  • Customer Satisfaction
Diversity
  • Gender Diversity
  • Inclusivity
Governance
  • Corporate Governance
  • Risk Management
  • Compliance
  • Innovation/IP Management

Materiality Assessment:

Category Material Topic GRI Topic Boundary Capitals Impacted
Decarbonsisation Energy Management GRI 302: Energy Internal and External Natural Capital
Emissions Management GRI 305: Emissions Internal and External Natural Capital
Climate Change Non-GRI Internal and External Natural Capital
Resource use Water Management GRI 303: Water and Effluents Internal and External Natural Capital
Water Management GRI 306: Waste Internal and External Natural Capital
Product Stewardship GRI 416: Customer health and safety Internal and External Intellectual Capital
Manufacturing Capital
Social and Relationship Capital
Responsible product Non-GRI Internal and External Intellectual Capital
Manufacturing Capital
Social and Relationship Capital
Sustainable Supply Chain GRI 308: Supplier Environmental Assessment
GRI 414: Supplier Social Assessment
Internal and External Social and Relationship
Capital Natural Capital
Quality of Life Human rights GRI 412: Human rights Internal and External Human Capital

Social and Relationship Capital
Occupational Health and Safety GRI 403: Occupational Healt and Safety Internal Human Capital
Employee Engagement and Well-being GRI 401: Employment

GRI 404:Training and Education
Internal Human Capital
Community Development GRI 413 - Communities External Social and Relationship Capital
Customer Satisfaction Non-GRI External Social and Relationship Capital
Diversity Gender Diversity GRI 405: Diversity and Equal opportunity Internal Human Capital
Inclusivity GRI 406:
Non-discrimination
Internal Human Capital
Category Material Topic GRI Topic Boundary Capitals Impacted
Governance Corporate Governance GRI 102: General

Disclosures
Internal Financial Capital

Human Capital

Social and Relationship Capital
Risk Management GRI 102: General

Disclosures
Internal Financial Capital

Manufacturing Capital

Intellectual Capital

Natural Capital

Human Capital Social and Relationship Capital
Compliances GRI 307: Environmental compliance

GRI 419: Socio-economic compliance
Internal and External Financial Capital

Manufacturing Capital

Natural Capital

Social and Relationship Capital
Innovation /
IP Management
Non-GRI Internal and External Financial Capital

Manufacturing Capital

Intellectual Capital
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