UNGC and SDGs
Four pillars of sustainability
Building on last year’s materiality analysis, the Datamaran software has enabled us to gain a continuous, evidence-based review of ESG-related risks within our regulatory, competitive, and operating contexts. This approach ensures that we can continue to build an ESG focus that responds to external events, evolving business priorities, stakeholder expectations, and our own performance results.
The materiality survey went to over 80% of our shareholders, 37.5% of our key clients, our Board, our Executive Team and our Senior Leadership Team. The insights from the materiality analysis showed us that client privacy and data security; colleague diversity and inclusion; colleague health and safety; ethical corporate behaviour; workforce management; human rights; and climate change and GHG emissions are most important to our stakeholders. The matrix ranks the materiality of issues raised.
Sustainability Accounting Standards Board Disclosure (SASB)
RWS has chosen to report by disclosing sustainability topics and certain accounting metrics in line with the SASB Standards. In August 2023, the International Sustainability Standards Board (ISSB) of the IFRS Foundation assumed responsibility for the SASB Standards. The ISSB has committed to maintain, enhance and evolve the SASB Standards and encourages preparers and investors to continue to use the SASB Standards.
RWS is supportive of the SASB framework as it allows companies to provide comparable and consistent ESG related data. We have modified some metrics to reflect our domicile in the UK. In addition, we have provided additional metrics where we believe they will provide further information regarding a specific sustainability topic.
We have chosen to report in conformance with the SASB Standard for the Professional & Commercial Services industry, which includes the following disclosure topics:
Global Reporting Initative
As we have over the past two years, we will report FY23, separately, in accordance with the new GRI Standards. GRI helps organisations be transparent and take responsibility for their impacts on people and the planet.