References in corporate reports
Companies worldwide use Datamaran’s evidence-based approach to inform their materiality, risk management, and reporting processes. This approach allows them to stay ahead of the curve, in front of the competition, and at the top of their game.
Below, you can find small sample of some of our clients’ corporate reports, demonstrating how they used Datamaran for reporting and strategy, and which improvements they were able to implement.
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The potential impacts and risks associated with ESG issues are increasingly top of mind, but at Fortive, ESG issues have always been business issues. We have long recognized the benefits of strong governance, impactful environmental goals and programs, and meaningful people-focused goals and initiatives for our stakeholders.
In 2022, we invested in Datamaran, an AI-based software analytics platform that helps companies identify and monitor ESG risks and opportunities in real-time. We believe in the work Datamaran is doing to make ESG risk and opportunity analysis accessible to organizations seeking to create and sustain long-term value.
In 2021, we conducted a materiality analysis to determine our ESG priorities.
This process took into account both internal and external perspectives and focused on identifying the ESG topics that could have the greatest impact on our business and that matter most to our stakeholders. By prioritizing these issues, we believe we are able to focus our efforts, communicate more effectively with both internal and external audiences, and allocate our resources towards ESG initiatives that support the creation of long-term value and positive impact for our shareholders and society. any new topics with potentially significant environmental and social impacts compared to the 21 topics already identified in 2021.
Obtained external stakeholder feedback from analyst reports, investor queries, data from Datamaran (an AI-driven tool) and other resources to determine prioritization of topics.
Materiality assessments help us identify ESG topics of greatest importance to our stakeholders and our business. We conducted our first materiality assessment in 2013 and performed another in 2020, which guided the development of our current ESG strategy. Priority topics that were identified in 2020 are outlined in the 2020 matrix on page 19 of our ESG Disclosures.
We initiated a new materiality assessment in 2022 to ensure our focus areas remain relevant and reflect stakeholder priorities and emerging issues. We partnered with Datamaran, which leverages an artificial intelligence (AI) powered software to automate processes for identifying and monitoring non-financial risks. Based on Datamaran’s dataset and in coordination with our subject matter experts, Teva identified a list of ESG topics with the potential of being material to our business and stakeholders. We prioritized these topics according to an AI assessment for regulation, voluntary initiatives, media and peer reports, and blended these with survey results from a representative sample of direct stakeholders, including investors, employees, suppliers, customers, nongovernmental organizations and representatives of governments and associations. Internally, we interviewed all members of Teva’s Executive Management and a selection of our Board of Directors and ran a focus group with our internal ESG Forum. This analysis was synthesized to map topics according to their relative importance to stakeholders and to Teva, as outlined in the corresponding matrix, applying differing weighted factors for each stakeholder group.
In this report, we started identifying newly relevant topics raised through this process, such as innovation and human rights. Further, the results will inform updates to our ESG strategy and new disclosures in our 2023 ESG Progress Report and beyond.
area for the Group. The outcome, described below, essentially confirmed the findings of the analysis conducted in the previous year.
• Analysis of topics material to the ITS sector, namely those that may generate an impact
on society and the environment, to identify any emerging issues. This phase involved:
• benchmarking, via the selection of a sample of companies operating in the sector, or in adjacent sectors to Yunex Traffic, representative of technologies related to intelligent transport systems;
• desk analysis, carried out via the Datamaran intelligent data analysis platform, which compared the material topics for over 160 companies, based in Europe, North and South America, East Asia and Oceania, and operating in the electronics, IT hardware and software and communications technology sector; 4,516 active regulations and 121,500 press releases were analysed.
The activities described above did not reveal any new topics with potentially significant environmental and social impacts compared to the 21 topics already identified in 2021.
The Materiality Assessment Process
Solenis utilized the Datamaran platform throughout a three-phase process to provide a materiality assessment from which it could better understand and respond to stakeholder interest and concerns:
1. Internal stakeholder engagement:
As part of our materiality assessment process, we began by seeking to understand Soleni's own priorities as seen through the eyes of its leaders and employees. This was done through an artificial intelligence-based analysis of its most recent sustainability report via the Datamaran platform. The 20 most prominent issues were identified as being relevant to the materiality assessment.
2. External stakeholder analysis:
The external stakeholder perspectives were determined by a tailored and comprehensive analysis, again relying on Datamaran data set. Eight different stakeholder groups were identified: Customers, Suppliers, Peers, Policymakers, Regulators, Media, Investors and Lenders. Solenis handpicked a slate of 118 global peer companies, whose most important sustainability priorities were identified through analyses of publicly available reports and documents. Perspectives from a global set of policymakers and regulators were incorporated. For the media input, Datamaran leveraged Aylien, an online news curator; irrelevant news topics were filtered out.
3. Ranking and prioritizing:
The stakeholders were then weighted on a high, medium or low priority, with customers being the most important and the media being the least. The data from both sides was then combined based on weighting and prioritization to arrive at a singular set of material issues, topics and factors.
Zain conducted a topic mapping exercise, which takes into consideration previous material topics, GSMA benchmarks and Datamaran’s telecom industry list, to ensure that emerging risks are included in the company’s analysis.
A shortlist of 27 topics were compiled that are based on previous reports and upcoming trends, and which included:
• Datamaran’s machine learning telco industry list
• The macro-business environment
• Benchmarking against other prominent players in the industry and the region
• Inputs gathered from operational review meetings, business plan meetings, and from leadership and executive management
• Sustainability interests raised by stakeholders
• Socio-economic and political factors
Zain bases its annual Sustainability Report on the results of the materiality assessment exercise in order to further understand the consequential issues for the company and its stakeholders.
Eastman is data-driven in our identification and monitoring of material risk .
We have updated our materiality matrix in 2022 based on the importance our diverse set of external and internal stakeholders place on identified sustainability issues. We identify and prioritize these sustainability issues using Datamaran, the only software in the world that enables a data-driven and dynamic process for ESG risk identification and monitoring. With Datamaran’s patented technology, we harness innovation to gain a continuous, evidence-based review of ESG-related risks within our regulatory, competitive and operating contexts. Eastman uses Datamaran to aggregate and analyze public communications and disclosures from our top stakeholders, including customers, industries and peers, investors, media, policy makers, regulators and suppliers. Datamaran also sends surveys to a targeted list of Eastman employees and the leaders of our Community Advisory Panels (CAPs).
We use the sustainability materiality assessment to identify areas of focus and refine our commitments. All 33 factors in this listening tool are important. This matrix reflects relative importance. Prioritization and effective management of these issues and opportunities are integrated into our strategy, business models, risk management and governance to drive continued progress. The results are considered in determination of the information included in our public disclosures, including this sustainability report, and ultimately drive the development of our A Better Circle framework.
Process of determining material topics
To identify potential and actual impacts, negative and positive, on the economy, the environment and people, including impacts on human rights in all activities, Naturgy uses the Datamaran® tool.
Datamaran® has a preliminary identification of aspects (topic mapping) which ensures that the determination of material topics is based on a complete description of the potential impacts a company has on people and the environment.
Besides, this tool provides the following advantages:
– Data-driven materiality analysis: Datamaran® is software that enables a comprehensive, data-driven process for monitoring external risks, including Environmental, Social and Governance (ESG) risks. The software technology provides real-time analysis of strategic, regulatory and reputational risks and opportunities. Its use strengthens understanding of ESG, geopolitical, technological and emerging issues, ensures alignment with the different expectations of internal and external stakeholders, and enhances the company’s ability to monitor its evolution.
Sources and outcomes of the financial materiality assessment
To develop financial materiality, we applied information sourced by the Datamaran tool. This leverages annual financial reports from industry peers, mandatory regulations, voluntary initiatives from financial markets and SASB standards regarding capital.
The materiality analysis remains a fundamental tool for listening to our stakeholders, supporting our business strategy and helping the value creation over the long term.
It takes a dynamic and forward-looking view of ESG topics, allowing us to take regular action on emerging risks and relevant issues. What may be immaterial to a company or industry today could become material tomorrow.
Every year, we carry out our materiality analysis by taking into consideration a variety of sources to ensure that we are encompassing all the material topics in the banking industry for our stakeholders.
We apply information sourced both externally, by the Datamaran tool, and internally, by listening to our stakeholders.
External sources allow us to investigate the main laws and directives, to analyse the latest news on our sector on online media and social networks and to benchmark against our peers.
Every year, we conduct a materiality assessment that enables us to understand which environmental, social and governance issues are most likely to impact the success of LEO Pharma. In 2022, we updated our approach to materiality by determining not only the environmental, social and governance issues, but also issues related to Enabling Health – our program defining LEO Pharma’s social value contribution. As in previous years, we used a data driven approach powered by Datamaran to prepare the materiality matrix. Datamaran’s automated approach reviews millions of data points from corporate reports, mandatory and voluntary regulations, news items and social media, giving us an overview of issues material to our external stakeholders. To complete our materiality assessment, we combined these insights with input from our key internal stakeholders, who via surveys identified the most material issues. Analyzing materiality plays a coordinating role and serves as a guide for defining on which issues it is most relevant to report in our annual report and sustainability report. It is also a guiding process in prioritizing and enhancing our approach to managing potential sustainability risks and processes.
In 2022, we updated our ESG materiality assessment using Datamaran’s cloud-based AI software platform. Datamaran’s patented technology provides our ESG Steering Committee with real-time data analysis to identify and monitor new or emerging issues that may impact Kraft Heinz, including regular insight into our Company’s unique strategic, regulatory, and reputational risks and opportunities. The assessment includes signals from across a variety of different sources, including corporate annual filings, mandatory regulations, voluntary policy initiatives, online news and media, as well as a cross-functional employee survey. Through this tech-enabled, dynamic and data-driven approach, we have strengthened our strategy and governance process to meet the rise of stakeholder demands at Kraft Heinz.
BMO Financial Group
We used Datamaran’s artificial intelligence and big data platform for our 2021 assessment of priority sustainability topics.
- Identify sustainability topics: We selected and customized sustainability topics relevant to BMO using Datamaran’s library of hundreds of sustainability issues.
- Determine importance to stakeholders: We determined the importance of each topic to our stakeholders with the assistance of the Datamaran platform which has:
- benchmarked the latest reporting of more than 745 financial sector companies in the countries where we operate
- reviewed more than 1,900 mandatory sustainability related regulations and more than 1,365 voluntary sustainability-related initiatives relevant to the financial services sector in the countries where we operate
- reviewed financial services sector media and social media activity, including more than 21,145 articles and nearly 237 million social media posts
As part of its corporate ESG strategy and planning initiatives, Hexion completed an updated materiality assessment in 2020. During this assessment, we engaged with various internal and external stakeholders with support from ERM and the Datamaran software solution. Datamaran is the market leader in ESG risk management and allows us to continuously monitor trends in material topics in order to shift ESG focus as needed.
Walgreens Boots Alliance
The assessment included surveys with close to 300 internal and external stakeholders, followed up by approximately 45 interviews, as well as discussion sessions with employee groups. External stakeholder groups included in the assessment were non-governmental organizations, stockholders, academics, government agencies, community representatives and organizations, suppliers, media and industry groups. In addition, we surveyed some 6,000 customers in the U.S., UK, Chile, Mexico, Norway and Thailand. Those surveyed were asked to consider a time horizon of up to 10 years. International sustainability non-profit 'Forum for the Future' advised us on the assessment and we also used Datamaran’s software analytics tool and online horizon scanning portal to review and analyze topics for our industry and stakeholders.
Our materiality assessment is based on an ongoing trend analysis, media search, and stakeholder input. In 2021, we solicited input from a diverse group of external and internal stakeholders, including investors, NGOs, customers, suppliers, peer companies, academia, and senior management in Philips. Similar to 2020, we used an evidence-based approach to materiality analysis powered by Datamaran. By applying Datamaran’s automated sifting and analysis of millions of data points from publicly available sources, including corporate reports, mandatory regulations and voluntary initiatives, as well as news and social media, we identified a list of topics that are material to our business. With this data-driven approach to materiality analysis we have incorporated a wider range of data and stakeholders than was ever possible before and managed to get an evidence-based perspective on regulatory, strategic and reputational risks and opportunities.
To identify material issues, Naturgy has relied on the use of the Datamaran® tool. This tool provides the following advantages:
Data-driven materiality analysis: Datamaran® is software that enables a comprehensive, data-driven process for monitoring external risks, including Environmental, Social and Governance (ESG) risks. The software technology provides real-time analysis of strategic, regulatory and reputational risks and opportunities. Its use strengthens understanding of ESG, geopolitical, technological and emerging issues, ensures alignment with the different expectations of internal and external stakeholders, and enhances the company’s ability to monitor its evolution.
Dynamic materiality based on diverse sources: the analysis takes into account information published by different companies from all sectors in their annual corporate reports, introduces into the analysis both mandatory regulations and other voluntary policy initiatives, as well as information published in traditional media and social media such as Twitter. The analysis has focused on those issues that experienced an increase in relevance, and also identifies which stakeholders (peers, industry, regulators, general public) were behind the increase. This analysis is carried out regularly throughout the year and makes it possible to monitor those issues that are in the process of materialising, based on a dynamic materiality perspective.
General issues map adapted to Naturgy’s reality: the 21 issues assessed in the materiality analysis have been built from an exhaustive map of 90 issues (topic mapping) included in the tool itself, so that all emerging issues of interest are taken into account in the analysis.