CEMEX's materiality assessment brings together financial and non-financial topics that matter most to our business and our stakeholders. Aligned with the GRI's framework and Materiality principles, this analysis helps identify topics to be addressed in our strategic planning and integrated reporting.
Why is it important for CEMEX to conduct a materiality analysis?
"A strong materiality analysis process helps a company choose the issues and indicators to report on. It can be the key to ensuring the right balance between detail and breadth in reporting." – GRI
- To support strategic sustainability planning and:
- Identify issues of the highest importance to CEMEX and its stakeholders
- Define risks and opportunities; help set goals and targets
- Flag areas requiring immediate attention ("urgent" issues)
- To guide sustainability reporting:
Methodology: Characteristics of the performed analysis
To select the assessment topics, we considered internal and external stakeholder views, carried out an industry-level evaluation, and researched economic, environmental, and social major trends and challenges.
The identified topics were later prioritized and ranked based on their potential to impact our organization and our stakeholders according to their level of concern reflected on the assessment and the execution of CEMEX management risks and opportunities analysis.
To map the significance these material topics have for our stakeholders, we launched a worldwide materiality survey with the participation of employees, customers, suppliers, analysts, investors, shareholders, and non-market stakeholders, including community members, NGOs, and industry associations. Together, the 2410 responses received across all regions where CEMEX operates make up our updated matrix's "stakeholder concern" axis.
CEMEX strategic business functions worked together to carry out a deep-dive exercise that graphed the "impact on CEMEX" axis of the matrix. These functions include Sustainability, Health and Safety, Human Resources, Social Impact, Corporate Communications, and Public Affairs, Enterprise Risk Management, Planning, Procurement, Supply Chain, Logistics, Legal Compliance, Investor Relations, Customer Experience, Commercial and Urbanization Solutions.