Our materiality process

We continuously monitor our material issues – our most significant economic, environmental and social impacts – to ensure we address 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 and industry peers (read more at Stakeholders inform our approach) and the relevant megatrends and drivers (read more at Global megatrends that shape our business). Our material topics are annually reviewed and validated by our internal experts and Group management. Major revisions are linked to our long-term business strategy updates.

Our approach helps us to understand the perceptions of our stakeholders (read more at Stakeholders inform our approach) about Electrolux, the potential risks and opportunities for our business, and enables us to evaluate our ability to create and sustain value.

The relevance of a topic for Electrolux, and thereby the decision to include it in our Goals is determined by the following criteria:

• The degree of impact caused by our activities throughout the value chain.
• How much the issue impacts on our business strategy.
• How the issue might affect our stakeholders.

The following illustration shows our materiality process described above. 

For the Better 2030

"For the Better 2030" is our sustainability framework, which drives the Group toward our ambitious sustainability Goals for 2030 and to become climate neutral across our value chain by 2050. The framework consists of nine Goals and our Climate Goals. These are the main areas we focus on as they optimize our contribution to society. Read more about our priorities and progress at Key priorities and progress 2021.

For the Better 2030 is the result of our ongoing stakeholder dialogue (read more at Stakeholders inform our approach) and our materiality process described above to ensure it includes the most important topics to Electrolux and our stakeholders. Our framework is also based on the Global Reporting Initiative's sustainability topics and the UN Sustainable Development Goals.

For the Better 2030 refinements in 2021

In 2021, we rearranged the order of our For the Better 2030 Goals to reflect our focus on Better Solutions as being central to our business going forward. We have made good progress on Better Company in recent years, and by making our solutions more sustainable, we will amplify our positive impact on society and consumers around the world.

In 2021, we added the "healthy" aspect to our Goal to Make healthy and sustainable eating the preferred choice in response to our consumer insight and product offering. We find that healthier and more sustainable food habits often go hand in hand. Electrolux products can help consumers to eat healthier and more sustainably.

During the year, we also sharpened and refined the overall sustainability ambition for our Goal Make the home a healthier place to thrive in, with half the carbon footprint, by focusing on business models and communication with consumers. We also added a measurable aspect to the Goal to further enhance our commitment.