Performance Highlights


Delivering VALUE –
Purpose & Principles

Creation of Sustainable Value

Performance Based
Value Creation




The materiality analysis also called the analysis of priorities makes it possible for Greenko Group to identify and assess the material issues that influence the organization’s ability to create sustainable value in the short, medium, and long term. Addressing the material issues according to the impact it has on the company’s strategy and goals is important for effective risk management and incorporating sustainability within the organization’s business practices by capitalizing on the new market opportunities. The result of this analysis is shown in the form of a materiality matrix. This matrix supports the identification and definition of issues that have a significant impact on the operations of Greenko Group.

Materiality Assessment

Materiality assessment, at Greenko, is viewed as the most crucial strategic business tool as it helps to navigate through the complex risks, expectations, and opportunities that society may offer. This practice helps the organization in creating and delivering shared value in the long run.

Stakeholder Engagement2

Material topics are directly and indirectly linked with the stakeholders. Effective engagement helps in identifying and addressing the needs of stakeholder groups including marginalized person or community that is directly or indirectly affected by the organization. This process of engaging stakeholder groups can benefit by reducing the overall risk to the business. More importantly, it will give a chance to everyone (those who affect and will get affected) to voice their opinions.

The materiality assessment was conducted by consulting extensively with the diverse pool of internal as well as external stakeholders, from across locations and levels, including the key leadership team, functional heads, department heads, and other relevant officials.

Stakeholder engagement – The Greenko way

Materiality Mapping3

Based on the comprehensive materiality assessment and the key stakeholders’ perspective, the identified material issues were evaluated and rated as High, Medium, and Low depending on their impact on Greenko’s business operations and society. The materiality matrix is presented below:

Materiality Issues: Significance and Impact

The key materiality topics, their significance, and impact associated with the UNSDGs and the six capitals is presented below:

1(GRI 102-29)

2(GRI 102-21, 102-40, 102-42, 102-43, 102-44)

3(GRI 102-47, 103-1)