Towards a New Materiality: A review of the current practices of FTSE 100 & a possible path ahead

Towards a New Materiality: A review of the current practices of FTSE 100 & a possible path ahead
4th July 2018 Sancroft Team
Sancroft Team
In Insights

Running a sustainable business depends on understanding and focusing on what matters most – the activities and impacts most crucial for the success of a business, and that of its stakeholders, now and in the future.

To that effect, materiality has long been a part of the sustainability management lexicon, yet there has been so little innovation – in concepts, terminology, tools and presentations. An idea that entered the sustainable business vocabulary some 20 years ago is still the subject of vague , overly simplistic and perfunctory interpretation, with little value for either decision-making or accountability.

Through this project we are intending to engage the community of service providers in this conversation, whose advice underpins the materiality assessments of their clients, and whose role as the very engineers of materiality assessments gives them an important role to play in driving meaningful progress.

In this report we share our findings and collective ideas with two objectives in mind: firstly, to assess the state of current practices among the FTSE 100, including common challenges and innovative solutions; and secondly, to inspire new thinking and start the conversation with the broader community of sustainability professionals.

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