Our materiality process

We continuously monitor our material issues – our most significant economic, environmental and social impacts – to ensure we are addressing the most important topics to our business and stakeholders.

Our materiality process

We maintain an up-to-date understanding of our material topics through engagement and dialog with key stakeholders, as well as by monitoring our business context and the relevant megatrends and drivers. Our material topics are continuously reviewed and validated by our internal experts and Group management.

Our approach helps us to understand stakeholder perceptions of Electrolux, potential risks or opportunities for our business, and enables us to evaluate our ability to create and sustain value.

Materiality – the basis for our sustainability framework

Our materiality topics formed the basis for the Group’s sustainability framework – For the Better – to ensure we address the topics of greatest importance to Electrolux and our stakeholders. For the Better includes nine Promises and a climate target, which reflect how we can maximize our contribution to society and are annually reviewed and refined.

The relevance of an issue covered by our Promises is determined by the following criteria:

• The degree of impact caused by our activities throughout the value chain
• How much the issue impacts our business strategy
• How the issue might affect stakeholder relationships with Electrolux