Sustainable growth report 2024

We conducted our first Double Materiality Assessment (DMA) in 2023 as part of the Corporate Sustainability Reporting Directive (CSRD) requirements. The European Sustainability Reporting Standards (ESRS), which are linked to the CSRD, outline sustainability topics to be included in the assessment.

In 2024, we reviewed our DMA and the accompanying double materiality matrix, which is the visual outcome of the assessment, and concluded that no changes were needed. The analysis remains relevant. For that reason, we are including the matrix again in this year’s report.

The matrix identifies 20 sustainability topics that matter to Anthony Veder. These were assessed based on both inward and outward impact.

• Inward refers to the influence each topic has on our business operations.
• Outward refers to our operations’ significance and impact on our stakeholders and the wider environment.

By evaluating each topic in both directions and ranking the outcomes, we developed the double materiality matrix.

From this analysis, we identified the following top five most material topics:

• Green House Gas emissions (GHG)
• Health, safety and well-being
• Regulatory compliance
• Sustainable employability
• Energy transition

These are included in our ESG roadmap, with long-term targets set through 2035. The targets are also embedded in our OGSM strategy framework (Objectives, Goals, Strategies, and Measurements) which enables structured follow-up and monitoring.

We will continue to refine our understanding of our environmental impact through more analysis and ongoing dialogues with our stakeholders. The DMA will be periodically updated to reflect new developments or input, ensuring that it stays relevant in a changing landscape.