We conducted our first Sustainability Materiality Assessment in 2017 in accordance with GRI’s guidelines. This exercise identified a set of environmental, social and governance focus areas that our stakeholders care about and that intersect with our business. These focus areas were identified with the input of nearly 100 internal and external stakeholders and were listed in our Materiality Matrix in that report.
For this report, we have revisited the assessment completed in 2017 and updated it. Our process included three main steps:
We expanded our 2017 assessment to reflect the following changes since our last report:
- Key changes in our business, with the most notable being the acquisition of Signode Industrial Group, now known as our Transit Packaging Division.
- Alignment with GRI Standards, the latest reporting guidance offered. Our 2017 report was developed in accordance with G4 guidelines.
- Other changes related to our business, customers, public policy, the context in which we do business and the evolving expectations of key stakeholders.
The majority of the feedback we received from stakeholders in 2017 remains relevant – there were no major changes in material topics. We augmented the data collected from our previous assessment by conducting in-depth interviews with Company executives from around the world and all of our product lines, surveying employees, reviewing the sustainability priorities of customers and peer companies and researching key topics affecting the industry.