Sustainability at Blum Stakeholder survey Internal stakeholder survey Stakeholder input is vital to the process of defining and also prioritising material topics. In our case, based on the results of our 2021 stakeholder survey (which involved both internal and external stakeholders), we decided only to include internal stakeholders in our assessment. Participants were selected from a wide range of areas to ensure that as many different viewpoints as possible were represented and that the results painted a realistic picture of all stakeholder perspectives. Initially, the stakeholders were asked to rate all the material topics on the "long list" from 1 (not important) to 6 (very important). They were then asked to put the five topics considered most important by stakeholders in order of priority. Illustration of material topics (materiality matrix) The results of the materiality assessment, as presented by the Sustainability steering team, can be seen below: The diagram above shows the results of our materiality assessment and the threshold – determined in collaboration with internal and external experts – that we used to define the material topics to be included in our sustainability reporting. – Y-a xis: Impact assessment (inside- out) – X-a xis: Financial assessment (outside-in) – Size of circle indicates relevance of topic from stakeholders' perspective – Mater ial: repor table – Not mater ial: not repor table Outside-in Material topics Non-material topics Inside-out Climate protection and energy Employee satisfaction Environmental impacts in the upstream value chain Corporate environmental impacts Commercial waste and product end of life Customer satisfaction and consumer protection Local community engagement across the value chain Business processes and compliance Employee rights Diversity and equality Human rights in the upstream value chain Water and effluents Size of circle indicates relevance of topic from stakeholders' perspective Health and safety Low Low High High 29
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