Materiality assessment
The identified significant topics in 2021 are shown in the matrix below. The matrix gives an overview of the environmental, social and governance topics addressed in the Sustainability and Corporate Responsibility Report 2021 and that have been assessed as most relevant for Ericsson. The topic’s context and Ericsson’s approach are summarized, and information on relevant targets and key performance indicators is provided.
Proper management of these topics is key to meeting external and internal standards, and following relevant regulations. Further, it is a key enabler for achieving strategies and business objectives as well as protecting reputation and brand. The report contains information on topic-specific performance, risks and opportunities.
2021 materiality analysis and results
The annual materiality analysis starts with a review of the previous year’s analysis. To this, input from stakeholder engagements, consultations with internal experts and other sources of information are incorporated. The universe of topics assessed is based on frameworks such as GRI and SASB. The Sustainability and Corporate Responsibility Report includes both qualitative and quantitative information about identified significant topics.
Results inform strategy and disclosures Ericsson’s approach to each topic is based on the outcome of the materiality assessment. Topics with high impact and high importance to stakeholders are addressed through comprehensive management, including setting of performance targets, paired with transparent disclosures and stake-holder engagement. Topics where the importance to stakeholders is high but the impact is assessed as low are continuously re-assessed through engagement with stakeholders. Topics where impact is high but importance to stakeholders is low are addressed and proactively managed, and disclosures are made when relevant. Finally, topics with low impact and low importance to stakeholders are monitored and regularly re-assessed to capture any changes in their relevance to Ericsson.
