Materiality assessment

In 2024, we updated our double materiality assessment to align with the latest requirements and to future-proof our strategic sustainability priorities. Our double materiality assessment (DMA) serves as a strategic tool, providing a comprehensive overview of our business’s impact and external influence. It is aligned with Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS).

The double materiality assessment helps us gain a deeper understanding of the impact of our business activities and how our business is influenced by the external environment. We view this assessment as a strategic tool that allows us to improve our strategy and respond to the growing stakeholders expectations and regulatory demands. Pandora’s Sustainability Board has approved the double materiality assessment outcome, which was also presented to the Board of Directors.

The assessment involved research and in-depth interviews with stakeholders most likely to be affected by our operations, which allowed us to establish criteria for scoring material sustainability matters. We aligned our approach with Pandora’s enterprise risk management system. We used the disclosure requirements for enter­prise risks to scope the top 10 material sustainability matters.

Read more in our Annual Report 2024.