In accordance with the materiality principle, non-financial information has been presented in the report to the extent necessary to assess the development, performance and position of the ERGO Hestia Group. In analysing the materiality of the topics, we followed the principle of double materiality and the principle of taking into account the stakeholder perspective.
The process of defining material reporting topics consisted of the following actions:
Identification: dialogue sessions with ERGO Hestia’s external and internal stakeholders were conducted in the formula defined by the international standard AA1000SES. The purpose of the consultation was to define the expectations of stakeholders with regard to the content of ERGO Hestia’s 2021 sustainability report. Representatives of key groups of ERGO Hestia’s external stakeholders were invited to participate in the dialogue, including customers, suppliers, business partners, industry and non-governmental organisations, and experts. In addition, representatives of ERGO Hestia employees took part in the sessions. The dialogue sessions included discussions in three thematic groups: Business Partnership, Responsible Selling, Employees and the Environment. In addition, in connection with the process of identifying material topics for the report, a survey was conducted among a wide range of internal stakeholders (employees) and external stakeholders (customers, suppliers, business partners, industry and non-governmental organisations, and experts). A total of 111 respondents took part in the survey. The purpose of the survey was to get feedback on expectations for the new report, to identify topics material to stakeholders and to get feedback in the context of actions ERGO Hestia should take on sustainable development.
Defining and prioritising: ERGO Hestia gave additional priorities to the topics discussed, taking into account their materiality to the Group’s activities and its impact on the socio-economic and environmental conditions. Subsequently, the topics of sustainability for the insurance industry and general ESG trends were taken into account. Reference was made to Agenda 2030 and the Task Force on Climate-related Financial Disclosures (TCFD).
Validation: representatives of the ERGO Hestia Group issued final ratings of “low”, “medium” or “very high” for the topics included in this report.
Photo: Witold Ziomek
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