Double materiality assessment
Our process
SoftwareOne’s double materiality assessment is a comprehensive process for evaluating and disclosing the ESG issues that are likely to materially affect our business (financial) and those issues that our business may materially affect (impact).
Our double materiality assessment is fundamental to shaping our ESG programme and is monitored and reviewed quarterly through Datamaran to reflect shifts in the importance of current trends and issues. It enables us to identify and prioritise actions to mitigate risks, comply with regulations, and align with stakeholder expectations, thereby enhancing our overall impact.
The assessment process includes:
- Defining the scope: Using in-house expertise and aligning the scope with external frameworks such as the
UN Sustainable Development Goals and the Task Force on Climate-Related Financial Disclosures (TCFD), among others. - Data Collection: Gathering publicly available ESG information, regulations and news.
- Benchmarking: Comparing SoftwareOne’s performance against industry peers.
- Stakeholder Engagement: Collecting insights from investors and employees.
- Analysis: Using AI to analyse data and identify material ESG issues.
- Prioritisation: Ranking ESG issues based on their significance to our business and stakeholders.
This process aligns with TCFD guidelines by ensuring that our ESG strategy addresses both financial and non-financial risks and opportunities. We align every step of our journey with the priorities of our employees, clients, investors, and other stakeholders. This alignment not only meets their needs but also drives further engagement with our ESG programme.
Double materiality matrix
Material topics were mapped to the business priorities, mission and strategy of SoftwareOne:
Client privacy & data protection
Focusing on how to protect both our clients’ data and our own.
Remains highly significant to SoftwareOne and an increased priority for stakeholders.
ESG governance & ethical behaviour
Continuing to improve our corporate governance and ethical culture.
Downward movement due to decrease in stakeholder importance
Diversity & equal opportunity for all
Developing our global diversity, equity, inclusion & belonging (DEIB) strategy.
Movement due to decreased significance for SoftwareOne and increased priority for stakeholders
Supporting partners in achieving their public environmental commitments
Launching Cloud Sustainability.
Upward movement due to increased significance for SoftwareOne
Workforce management
Focusing on employee recruitment, retention and development practices.
Downward movement in stakeholder importance
Supplier requirements for ESG
Partnering with our supply chain for greater impact.
Remains highly significant to SoftwareOne and a high priority
for stakeholders
Measure, control & reduce our GHG emissions
Calculating our carbon footprint and efforts to reduce emissions.
Slight downward movement in stakeholder importance and decreased significance for SoftwareOne
Transition to renewables & alternative energies
Transitioning from a predominantly fossil-based energy production system and consumption to renewable and alternative energy sources, including policies, goals, accounting instruments and technologies to facilitate that transition.
Movement due to decreased significance for
SoftwareOne and increased priority for stakeholders