Materiality assessment

Our sustainability initiative focuses on our most significant sustainability issues and opportunities. These are defined by our materiality assessment, which identifies and prioritises issues. We adopted the double materiality methodology laid out in the ESRS, which identifies and prioritises issues based on two dimensions: the impact or likely impact of Vesuvius on society and the environment, and the impact on Vesuvius’ business, creating financial risks and opportunities for Vesuvius.

Vesuvius materiality assessment

Double Materiality assessment process

Step 1: Stakeholder engagement and preparation

Step 2: Pre-assessment and shortlisting 

Step 3: Assessment by stakeholders 

Step 4: Validation and approval

Step 5: Regular updates

Stakeholder engagements 

Our regular dialogue with main stakeholders includes:

• Global communication mechanisms such as an intranet, global email communications and a Vesuvius news app, alongside forums such as local 'town hall meetings,

• Engaging with customers on safety leadership and supporting their training requirements, 

• Senior-level dialogue with all key customers, including Directors' visits to customers' sites, as appropriate,

• Customer relationships on a global basis as required, complemented by diverse local servicing capabilities,

• Engaging with government agencies visiting our sites and carrying out inspections,

• Responding to environmental research as part of customer and supplier due diligence, 

• Participating in environmental and social responsibility research and questionnaires.

Learn more about our Sustainability strategy and on how we engage with People, Communities and Customers.