Materiality analysis for this report
Our dialogue with stakeholders helps us identify the topics they find most relevant. To define the content for this year’s integrated annual report we assessed our interests and those of our stakeholders and analysed them based on the level of impact they had.
A materiality analysis is fundamental to integrated reporting as it ensures that we meet the level of transparency our stakeholders expect. The fact that we report on selected topics that are material to our business, does not mean we do not manage other non-reported aspects. Our corporate social responsibility (CSR) policy and activities are broader and are not limited to the outcome of the materiality analysis.
We conducted our materiality analysis according to the Global Reporting Initiative (GRI) standards for sustainability reporting. We translated the generic aspects of GRI into topics relevant to TenneT, such as grid losses and community engagement. We asked our stakeholders to indicate the relevance of a certain topic based on the influence of the topic on stakeholder assessments and decisions. The significance of TenneT's economic, social and/or environmental impacts is determined by internal stakeholder input and confirmed by the discussions in the CSR board.
The results of the external stakeholder survey are plotted on the vertical axis, while the results of the internal stakeholder survey are plotted on the horizontal axis of the materiality chart.
The outcome of this year’s materiality assessment clearly shows six topics that remain most material to our stakeholders, with grid availability remaining the most material topic for TenneT, alongside investments, the NWE electricity market, community engagement, financial impact and safety. Each material topic is reported in the 'Strategic performance' section of our annual report. The topics ranked in the middle category are reported in the 'Operational performance' section. For more information on some of the less material topics, please visit our website.
We also report our contribution to the newly developed United Nations Sustainable Development Goals (SDGs). The United Nations launched 17 goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Governments, businesses and NGOs are challenged to contribute to those goals where they feel they can have the most impact. We asked our stakeholders which of the 17 goals they felt TenneT could make a difference to. From this, we identified five goals: SDG 8 - Decent work and economic growth, SDG 15 - Life on land, SDG 7 - Affordable and clean energy, SDG 13 - Climate action and SDG 9 - Industry, innovation and infrastructure. TenneT's contribution to these goals is described in the 'Strategic performance' section of this integrated annual report. For more information on the United Nations Sustainable Development Goals, please visit their website.