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Materiality Assessment

To focus our efforts on where we have the greatest sustainability impact, extensive materiality assessment of both legacy DNV and GL were conducted in 2012/2013. The assessments involved engaging a range of internal and external stakeholders (customers, civil society organisations, industry associations and employees) to identify areas that may become a source of risk, and where there is an opportunity for creating value for our stakeholders and society at large. 

The Assessment Process 

Broad consultation was performed to ensure that the views of significant stakeholders were heard. We asked stakeholders to provide their views on how various sustainability issues can impact for instance local communities, the environment, health and safety, the brand, our operations and financial performance.

The consolidated findings from the materiality assessment shows that the issues considered to be material for legacy DNV and legacy GL are highly comparable. The conclusion from the assessments, presented in the DNV GL Sustainability Materiality Matrix help us prioritize issues and risks that need active management and engagement, as well as determine the focus of our sustainability reporting. The highest priority is put on the issues rated as highly important by external and/or internal stakeholders. The Sustainability Matrix is reviewed by the Corporate Sustainability Board and approved by the Group Chief Executive Officer.

GRI material aspects and boundaries

The issues identified as highly material in the matrix form the basis for selecting GRI Aspects and indicators in our sustainability report. 

All Aspects rated by external stakeholders as highly material is reported in accordance with the GRI G4 “Comprehensive” level. For issues that are rated as medium importance, reporting may not be in accordance with the “Comprehensive” level, where we have selected the most relevant parameters and GRI indicators for additional reporting.

The table lists issues from the Sustainability Matrix, the corresponding GRI Aspects and whether their impacts are seen to occur inside or outside the company. As a company operating in more than 100 countries we approach our sustainability impact from a global perspective.

Materiality matrix
The phases of the materiality assessment process and stakeholder dialogue

The table lists issues from the Sustainability Matrix

DNV GL issues
G4-19: Corresponding GRI Aspects
G4-20 Impacts occur within the organization
G4-21 Impacts occur outside the organisation
DNV GL issues
Highly material issues- Reporting on all aspect indicators
DNV GL issues
Business ethics  and anti-corruption
G4-19: Corresponding GRI Aspects
Anti-Competitive Behaviour; Compliance (Society); Anti-corruption (and covered in General Standard Disclosures)
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Our customers and society at large
DNV GL issues
Employee competence and engagement
G4-19: Corresponding GRI Aspects
Training and Education; Labor/Management Relations
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Our customers
DNV GL issues
Diversity
G4-19: Corresponding GRI Aspects
Diversity and Equal Opportunity; Non-discrimination; Equal Remuneration
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
No
DNV GL issues
Economic contribution
G4-19: Corresponding GRI Aspects
Economic Performance
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Value creation impacts the community at large
DNV GL issues
Employee health, safety & wellbeing
G4-19: Corresponding GRI Aspects
Occupational Health and Safety; Labor Practices Grievance Mechanisms
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
No
DNV GL issues
Value chain management
G4-19: Corresponding GRI Aspects
Supplier Assessment for Labor Practices; Supplier Human Rights Assessment; Supplier Assessment for Impacts on Society
G4-20 Impacts occur within the organization
Mainly impacts outside the organization, but may impact our brand and reputation 
G4-21 Impacts occur outside the organisation
Our suppliers and customers
DNV GL issues
Privacy & security 
G4-19: Corresponding GRI Aspects
Customer Privacy
G4-20 Impacts occur within the organization
Mainly impacts outside the organization, but may impact our brand and reputation
G4-21 Impacts occur outside the organisation
Our customers
DNV GL issues
Service value and innovation
G4-19: Corresponding GRI Aspects
Covered in General Standard Disclosures
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Our customers
DNV GL issues
Impact of services
G4-19: Corresponding GRI Aspects
Covered in General Standard Disclosures
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Our customers
DNV GL issues
Medium material issues – reporting on selected indicators
DNV GL issues
Waste management 
G4-19: Corresponding GRI Aspects
Effluents and Waste, Compliance (Environment)
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Local environment
DNV GL issues
GHG emissions 
G4-19: Corresponding GRI Aspects
Energy; Emissions
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
The environment
DNV GL issues
Partnerships and social investments
G4-19: Corresponding GRI Aspects
Covered in General Standard Disclosures
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Local communities
DNV GL issues
Tax contribution
G4-19: Corresponding GRI Aspects
Economic Performance
G4-20 Impacts occur within the organization
Yes
G4-21 Impacts occur outside the organisation
Impacts the community at large