Sustainability at Blum Materiality process After conducting our double materiality assessment for the first time in 2022, it was comprehensively updated in the reporting year with the help of external experts. This update was based on the requirements of the upcoming Corporate Sustainability Reporting Directive (CSRD) and served as preparation for this mandatory regulation. The further development and results of the update are set to be published in the upcoming sustainability report. The materiality assessment provides the focus for our strategic sustainability planning. By applying the structured assessment process, we seek to identify the key impacts, risks and opportunities both for our company and for our stakeholders. It also provides us as a business with the opportunity of managing the identified topics and thus determining and utilising the potential improvements we can make across the various different areas. Process for determining material sustainability issues The process of defining those topics that are material for us includes the perspectives of the relevant stakeholders and highlights the environmental, economic and social issues relevant to our long-term corporate success. We derive the focal points for our sustainability activities from this process. It can be broken down into three phases: Research / analysis – Assessment – Definition of topics ➔ GRI 3-1 26 © Copyright by Blum
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