Challenge
Global health technology conglomerate, Philips, wanted to align the rigor applied to non-financial data with financial data, to build trust with their stakeholders and prepare for future mandatory regulations for ESG disclosures.
Solution
ESG data including a materiality analysis was embedded in an integrated report. Auditors were presented with the results, process and raw data to understand how material topics were determined using Datamaran - a reliable, traceable and systematic solution.
Result
Philips redesigned its business processes, improving internal controls over ESG data, and ultimately building a streamlined, evidence-based and auditable materiality analysis process and matrix
