Materiality analysis for this report
Our dialogue with stakeholders helps us identify the topics they find most relevant. To define the content for this year’s integrated annual report we assessed our interests and those of our stakeholders and analysed them based on the significant impact they had. A materiality analysis is fundamental to integrated reporting as it ensures we meet the level of transparency our stakeholders have the right to expect. The fact that we report on selected topics that are material to our business does not mean we do not manage other non-reported aspects. Our Corporate Social Responsibility (CSR) policy and activities are broader and are not limited to the outcome of the materiality analysis.
We conducted our materiality analysis according to the Global Reporting Initiative G4 (GRI) guidelines for sustainability reporting. We translated the generic aspects of GRI into topics relevant to TenneT, such as grid losses and community engagement.
We started the materiality assessment for this year’s report with feedback from our stakeholders. We conducted in-depth interviews with TenneT’s stakeholders and asked them to rank possible material topics on a five-point scale from not relevant to very relevant. TenneT’s Executive Board members were asked to complete the same survey. The results of the stakeholder survey are plotted on the vertical axis, while the results of the board members’ survey are plotted on the horizontal axis of the materiality chart.
Each material topic is connected to one of the areas we report on: society, markets, environment, employees and financial.
The outcome of this year’s materiality assessment clearly shows that grid availability remains the most material topic for TenneT. Other topics that score high on materiality are safety, engaging with local communities, investments and financials impact. All material topics are described in more detail in the following sections. For more information on some of the less material topics, click here.