This report addresses priority topics identified in the materiality process carried out in 2022. It was carried out by a specialized external consultancy, Walk4Good, from Grupo Imagem Corporativa, and used the guidelines of the 2021 Standards of the Global Reporting Initiative (GRI). The materiality methodology was based on the GRI Standard 3: Material Topics 2021. The preparation of the matrix used the double materiality concept (assessment of financial and non-financial impacts).
The common thread of our 2023 Sustainability Report came from our business model and the mapping of its most significant impacts on the economy, the environment and people’s lives.
The materiality process considered five main steps:
1st Stage | Context assessment
2nd Stage | Impact Mapping
3rd Stage | Significance of impacts
4th Stage | Prioritization of impacts
5th Stage | Final validation: To validate the results obtained, we promoted engagement with selected Stakeholders: employees, suppliers, trade associations and government bodies, universities, civil society organizations, representatives of local communities, trade associations, and social movements. The Stakeholders were chosen based on those mapped in the materiality review process carried out in the previous year.
For that process, in 2022, employees answered an online survey, while the other audiences answered a survey and participated in specific meetings/interviews with a specialized consultancy to assess the proposed topics and present suggestions and comments. Interactions with the stakeholders mapped sought to identify the perception of the evolution of the ESG agenda at Norte Energia; evaluate their level of engagement, and perception of the degree of relevance regarding the topics; recognize the challenges faced; receive suggestions; and identify opportunities.