Materiality assessment

In 2024, a double materiality assessment has been started in line with the EU Corporate Sustainability Reporting Directive. The management team has held work meetings to drive the work forward, and in 2025 the sustainability group will complete the double materiality assessment and thereafter prioritise the focus for target setting and monitoring.

This report presents the materiality assessment from 2023, which is based on the possibilities to contribute to the UN’s 17 Sustainable Development Goals (SDGs). The starting points for the assessment have been Formpipe’s industry and geographical location. The expectations of the Company’s stakeholders, which are updated through ongoing dialogue, have also been taken into account, and consideration has also been given to risks identified in relation to the environment, social sustainability and governance. The risks are described in more detail in the section entitled Risk analysis. The results of the stakeholder analysis, together with the four selected SDGs (which also constitute materiality areas), guide our sustainability work. These areas are well linked to our strategy and have also been reflected in the double materiality assessment, with the highest scores for:

• climate change mitigation,
• safe and secure working conditions,
• equality and gender equality,
• responsible business conduct.

Stakeholder analysis