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Materiality Analysis

The materiality analysis, as well as a reference point for identifying reporting areas, represents the strategic tool for defining the most relevant and significant issues for the Group and its stakeholders.

The concept of ‘materiality’ is closely linked, among other aspects, to the fact that these issues reflect the organisation’s significant economic, environmental and social impacts by influencing the decisions and investment choices of stakeholders with consequent repercussions on the Group’s ability to create value not only in the short term, but also in the medium and long term.

Double materiality

In recent years it has become increasingly clear how ESG issues create risks and opportunities from a double point of view: the financial one and the impact one. We are therefore moving from a concept of single materiality, whose focus and starting point was the company’s business itself, to a concept of double materiality that considers how relevant issues, with the associated risks and opportunities, can positively or negatively impact the business and the ecosystem in which the company operates.

Learn more about the Group’s materiality analysis

In line with recent regulatory developments at a European level, Newlat Food has embarked on a path to monitor and communicate not only its impacts on people and the environment, the so-called impact materiality (with an “inside-out” perspective), but also the way in which sustainability issues affect the business and financial performance, i.e. financial materiality (with an “outside-in” perspective).

Impact materiality

inside-out perspective

The Group has identified its material topics through a multi-phase assessment process, detailed below:

STEP 1:

Identification of material issues

Possible material issues for the Group were identified through benchmarking with global sustainability trends, investor and ESG rating company surveys and through comparison with a panel of companies and industry organisations.

STEP 2:

Stakeholder Engagement

Following the identification of relevant issues, material topics had to be identified and the importance of these for the Group and its stakeholders were defined. Relevant issues were then assessed both internally and externally, initiating a Stakeholder Engagement Plan to determine the priority for the Group. Stakeholder engagement took place through surveys, one-to-one meetings and workshops.

STEP 3:

Validation of material topics

The results of the assessment were shared with and subsequently approved by the main internal stakeholders. Since, over time, there may be significant changes with respect to the assessment and prioritisation of each theme, material topics are systematically re-evaluated in order to align with stakeholder interests and expectations.

STEP 4:

Management of material topics

The material topics identified form the basis for the drafting of the Non-Financial Statement, in which the Group, among other things, reports on its performance, the impacts of its activities and how they are managed. For each thematic area, in fact, a reference corporate function is identified, with whose collaboration the actions necessary for the management and improvement of ESG aspects are defined.

Financial materiality

outside-in perspective

In order to further evolve the process and align with the GRI Standards 2021 and the dual materiality principles introduced by CSRD, Newlat Food has integrated the concept of financial materiality into its materiality analysis, whereby the company considers the risks and opportunities arising from the management of ESG issues and the impact these could have on its financial performance. 

Starting, therefore, from the Risk Assessment, including ESG risks, the impacts (current and potential) suffered, and sometimes generated, in relation to the relevant issues identified, including financial impacts. The main positive and negative impacts were considered according to their level of magnitude and probability of occurrence, respectively.

Integrating the results of the assessments obtained from impact materiality and financial materiality and the related outside-in and inside-out perspectives, the material topics were ordered according to the value attributed in terms of double materiality, as a holistic combination of the two views. According to this criterion, the topics with the greatest impact are:

Product quality, safety and traceability

Consumer protection and satisfaction

Protection of worker health and safety

Sustainable packaging

Il Gruppo riconosce l’importanza di pratiche agricole e sistemi di produzione sostenibili e, nello svolgimento della propria attività, contribuisce al supporto della produttività agricola grazie ad una continua collaborazione con le filiere di approvvigionamento.

Tra gli obiettivi che Newlat Food si pone, vi è quello di ascoltare e soddisfare i bisogni e le esigenze dei consumatori, tra cui la crescente attenzione verso la salute ed il benessere. Il Gruppo adotta azioni volte al miglioramento dei parametri qualitativi, produttivi e igienico-sanitari, diffondendo ed accrescendo la cultura della qualità e della sicurezza alimentare lungo tutte le fasi del ciclo di approvvigionamento e produttivo. Newlat Food, inoltre, ha da sempre promosso uno stile alimentare sano ed equilibrato, basando il proprio business su alimenti alla base della piramide alimentare e dedicando costanti investimenti in progetti di ricerca e sviluppo volti a soddisfare i consumatori con precise esigenze nutrizionali legate all’età, a intolleranze o allergie ed a motivazioni etiche, culturali e religiose.

Lo sviluppo e il potenziamento dell'inclusione sociale ed economica di tutti, a prescindere da età, sesso, disabilità, razza, etnia, origine, religione, status economico o altro avviene supportando le pari opportunità e riducendo le disuguaglianze di risultato, anche attraverso l’adozione di adeguate procedure di reclutamento, assunzione, formazione, remunerazione, premiazione e per la valorizzazione delle diversità ed il rispetto dei diritti umani.

Il contributo ad una crescita economica duratura, inclusiva e sostenibile avviene attraverso scelte e strategie di business orientate verso la diversificazione, l'aggiornamento tecnologico, l'innovazione e l'efficienza delle risorse globali nel consumo e nella produzione nel tentativo di scindere la crescita economica dal degrado ambientale. 

Newlat Food si impegna ad adottare misure immediate ed efficaci per eliminare qualsiasi forma di lavoro forzato, proteggendo i diritti del lavoro, promuovendo un ambiente di lavoro sicuro e protetto per tutti i lavoratori, contribuendo alla piena e produttiva occupazione, ed offrendo un lavoro dignitoso con parità di retribuzione per lavoro di pari valore.

 Il Gruppo persegue modelli sostenibili di produzione e di consumo attraverso l'uso efficiente delle risorse naturali, impegnandosi a contenere lo spreco lungo le filiere di produzione e fornitura, monitorando il rilascio di inquinanti in aria, acqua e suolo e limitando la produzione di rifiuti favorendo il riciclo di questi ultimi.

Nell’ottica di una sempre maggiore trasparenza, Newlat Food non solo integra le informazioni sulla sostenibilità nelle relazioni periodiche, ma attraverso l’organizzazione di seminari, visite e percorsi educativi contribuisce a divulgare le informazioni rilevanti e diffondere consapevolezza in tema di sviluppo sostenibile e stili di vita in armonia con la natura.

La lotta al cambiamento climatico si concretizza integrando nella strategia di Gruppo misure di contrasto alla propria impronta ambientale. Newlat Food misura e rendiconta sistematicamente i propri impatti con l’obiettivo di limitarli quanto più possibile.

La tutela della biodiversità, la conservazione e l'uso sostenibile della risorsa idrica e degli ecosistemi terrestri avviene anche grazie al pieno rispetto degli accordi internazionali e delle regolamentazioni in materia ambientale attuate nella strategia di Gruppo attraverso l’adozione di specifiche politiche e pratiche ambientali mirate.

The Group recognises the importance of sustainable agricultural practices and production systems and, in carrying out its business, contributes to supporting agricultural productivity through continuous collaboration with supply chains.

Among Newlat Food's objectives is to listen to and meet the needs and demands of consumers, including the increasing focus on health and well-being. The Group takes action to improve the quality of its production and its standards in terms of health and hygiene, spreading and enhancing the culture of food quality and safety throughout all stages of the procurement and production cycle. Moreover, Newlat Food has always promoted a healthy and balanced eating style, basing its business on foods that are at the base of the food pyramid and dedicating constant investments to research and development projects aimed at satisfying consumers with specific nutritional needs related to age, intolerances or allergies and ethical, cultural and religious reasons.

Contribution to lasting, inclusive and sustainable economic growth occurs through business choices and strategies oriented towards diversification, technological upgrading, innovation and global resource efficiency in consumption and production, in an attempt to decouple economic growth from environmental degradation.
Newlat Food is committed to taking immediate and effective measures to eliminate all forms of forced labour, protecting labour rights, promoting a safe and secure working environment for all workers, contributing to full and productive employment, and offering decent work with equal pay for work of equal value.

The development and enhancement of social and economic inclusion for all, regardless of age, gender, disability, race, ethnicity, origin, religion, economic or other statuses is achieved by supporting equal opportunities and reducing inequalities in outcomes, including through the adoption of appropriate procedures for recruitment, hiring, training, remuneration, rewards and for the enhancement of diversity and respect for human rights.

The Group pursues sustainable models of production and consumption through the efficient use of natural resources, committing itself to containing waste along the production and supply chains, monitoring the release of pollutants into the air, water and soil and limiting the production of waste by favouring its recycling.

With a view to increasing transparency, Newlat Food not only integrates sustainability information into its reports, but through the organisation of seminars, visits and educational tours contributes to disseminating relevant information and spreading awareness about sustainable development and lifestyles in harmony with nature.

The fight against climate change is realised by integrating measures to counter the Group’s environmental footprint into its strategy. Newlat Food systematically measures and reports its impacts with the aim of limiting them as much as possible.

Protection of biodiversity, conservation and sustainable use of water resources and terrestrial ecosystems is also achieved through full compliance with international agreements and environmental regulations implemented in the Group's strategy through the adoption of specific environmental policies and practices.