Defining Materiality
By Cecily Joseph, Senior Director, Corporate Responsibility, Symantec
Symantec regularly identifies and prioritizes its most important sustainability issues, those of high importance to both stakeholders and the company. These issues are deeply relevant to our ability to succeed and are addressed in our internal strategic priorities, corporate responsibility approach, and stakeholder communications such as our Corporate Responsibility Report, CR in Action blog and Corporate Responsibility Snapshot (a Symantec newsletter distributed to over 20,000 stakeholders).
However, materiality as it relates to sustainability is not created equal across all companies, and in some cases, the most important information is not making it into CSR and sustainability reports. For example, according to the Sustainability Accounting Standards Board’s (SASB) preliminary research, 60 to 70 percent of data in CSR reports is immaterial (based on the Supreme Court definition of the term).
Read the full post on the Symantec CR in Action blog here.
