18 Company | Materiality Assessment

Defining the report content

The 2024 sustainability report is already preparing the

ground for the coming CSRD guideline. We engage

d

Ernst & Young as consultants to advise on the Double

Materiality Assessment. In terms of identifying the impacts

,

opportunities, and risks of our business operations, our focus

remains on our action areas (climate, water, people,

resources, and governance), which will be further

fleshed

out in the coming years. Additionally, such reporting will be

extended to all Duravit Group locations over coming years

–

at the very latest by the time we are required to by law.

Dialog with our stakeholders is crucial. Although the most

obvious stakeholders are our customer groups, employees,

suppliers, and shareholders, there are many other interested

parties whose concerns matter: associations, servic

e

providers, cooperation partners, NGOs, and a range o

f

actors in local communities, not forgetting the media an

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many others. Nature and the environment are of central

significance as a sort of silent stakeholder

.

We really value the many and varied forms of contact, dialog

and feedback we encounter in daily business as they help us

appreciate the interests and perspectives of this wide rang

e

of stakeholders. Our employees have various platform for

dialog: the regular “all-hands meetings” between th

e

Executive Board and the sta

ff, the staff meetings, and th

e

Executive Board meetings which include the Works Council

.

Our sustainability data is managed on the basis of a

n

analysis performed with Tanso* software, which help

s

identify key topics and resulting data points. We narrow

these down by referring to the list of relevant stakeholders

and setting up expert groups, made up of the sustainabilit

y

manager and other specialists and executives from th

e

Duravit Group, depending on the case in hand.

The assessment was conducted from the perspectives

of impact and financial materiality, in accordance with th

e

ESRS framework. The assessments were explained, substan-

tiated and discussed at working meetings and workshops of

the expert groups, and ultimately documented. Topics that

were classified as material from one or other perspectiv

e

were included in the final list of material topics.

The assessment produced a total list of 13 topics scoring

above the materiality threshold. These are illustrated on page

19 of the report.

All key topics are also clearly presented in the GRI Index

starting on page 59 of this Sustainability Report with a

reference to the corresponding page number.

*Tanso is a start-up that supports small and mid-sized companies wit

h

a holistic software solution for the management of sustainability data

,

which Duravit has been using since 2022.

GRI 2-2 | GRI 2-29 | GRI 3-1 | GRI 3-2 | GRI 3-3 | GRI 306-1