Defining our materiality process
At AVEVA, we are committed to setting clear goals and communicating our management approach for all material ESG issues over time.
Our sustainability team carried out a detailed materiality assessment with internal and external stakeholders.
We used this assessment to prioritize our sustainability focus areas, design our strategy, and set our targets. In our materiality matrix, we ranked our focus areas according to potential impact, stakeholder importance, and significance to our business.
We see transparency around ESG performance as an important marker of corporate sustainability leadership. For our first sustainability report, we are proud to have worked through AVEVA’s Executive ESG Committee to share content that aligns to several external standards, including:
- Software & Information Technology (IT) Services standards developed by the Sustainability Accounting Standards Board (SASB)
- Recommendations developed by the Task Force on Climate-related Financial Disclosures (TCFD)
- Our commitments as members of the United Nations Global Compact.
As a company that is still in the earlier stages of its ESG disclosure journey, we remain committed to improving the quality of our ESG disclosures over time.