Creating Your Materiality Analysis

[Analysis module]

1. To start your analysis, name it in the "Analysis name" field.

2. Next, select the issue mapping to use in your analysis. Datamaran provides data-driven, industry-specific issue mapping templates curated by our experts that are aligned with major reporting standards. Use the one that corresponds to your company's sector or modify it to tailor the issues to your company's specific objectives.

3. Populate the “Stakeholders” view by selecting the parameters required that apply to your company: 

• Industries & Peers, Regulators, Policy Makers and Media.
• You can add optional stakeholders like Suppliers, Customers, and Investors. 
• For most stakeholders, you can copy the information you input in “Industries & Peers” by clicking “Copy data from Industries and Peers”. 
• Note that “Investors” will reflect the amount of disclosure, by issue, required by the SASB standards according to the industry selection made in Industries & Peers group.  If no industry is selected in this group, the SASB standards will use the combination of all industries selected in both Regulators and Policy Makers groups.

Besides the listed ones, Datamaran allows you to add up to 12 additional stakeholders by clicking on "Add New". You can also populate stakeholder groups with custom data sources using the "Use Custom Data" option.

4. Once you have populated the external stakeholder information, you can define your company's view by populating internal information in "Internal Priorities".

Here, you can select three different data sources: your company's latest sustainability report or financial report, or you can upload custom data by clicking "Use Custom Data".

Also, Datamaran allows adding additional Internal stakeholders or internal groups (up to 12 ) by selecting "Add New". This field can be used to upload internal information like surveys or interviews of employees, board members, etc. 

5. The last step is to rank your stakeholders

There are two ways you can do this:

The first is in "Relative Ranking". Here you'll be able to designate the individual importance of each stakeholder regarding your company on a Low - to High + scale. Assigning a value of "None" to a stakeholder group removes it from the analysis.

b.  Alternatively, you have the option "Set Manually" where you are able to assign a percentage in order to rank each stakeholder group, selecting how much weight you would like to attribute to each stakeholder. Within this process, you must ensure the collective weighting adds up to 100%. Assigning a weight of 0% to a stakeholder group removes it from the analysis.

6. You then need to select "Save & Run analysis" and the analysis will be generated and a matrix created. You have the option to see the summary of the analysis results in the Stakeholder view.

The video below shows you how to do it.