Sustainability at Blum Focus: Sustainability impact assessment / inside-out Analysing our environmental, social and governance impacts In order to assess the environmental, social and governance impacts, a survey of emissions was carried out for each material topic. The material topics were described by experts in terms of their severity (scale, scope and irremediability) and the possible occurrence of negative impacts, and then evaluated using weighting factors of 0 to 5. The higher the factor, the more material a topic is in terms of sustainability impact. Focus: Financial impact assessment / outside-in Analysing the financial impacts on our business The double materiality method takes into account not only the company's environmental, social and governance impacts, but also the potential financial impact on the company's operations. In a first step, worst-case scenarios were defined for each of the 13 potential material topics based on a roughly ten-year timeline and finalised in consultation with the experts. The assessors were then selected. The assessment was carried out using an online questionnaire sent to 13 members of the management team. The assessment focused on two areas: – Financial impacts in terms of capital goods (access to resources, continued use). – Financial impacts in terms of stakeholder dependencies. These were evaluated using a weighting factor of 0 to 4 for the different scenarios. 28 © Copyright by Blum
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