Materiality analysis

How we assess double materiality 

The assessment follows a structured process:

• Identification of sustainability matters. Potential impacts, risks and opportunities were identified based on sustainability standards and frameworks, legislation, market trends and sector-specific considerations relevant to the hospitality industry.
  
  
• Stakeholder dialogue. Surveys and targeted interviews with internal and external stakeholders provided insight into which sustainability matters are most relevant to Scandic and its stakeholders.
  
  
• Assessment of impacts, risks and opportunities. Impacts were assessed based on severity and likelihood, while sustainability-related risks and opportunities were evaluated using Scandic’s established risk management methodology, aligned with financial risk practices.
  
  
• Prioritisation and integration. Sustainability-related risks were prioritised alongside other business risks to ensure consistent ranking, escalation and integration into Scandic’s overall risk management processes. The gross risk principle was applied, meaning mitigation measures were not considered when determining materiality.
  
  
• Validation and governance. The results were reviewed and validated by external advisors and approved by the Executive Committee and the Board.

Focus on human rights and affected communities 

Where quantitative data was limited, qualitative assessments were applied. Particular attention was given to human rights-related impacts, including workers in the value chain and suppliers operating in higher-risk geographic areas.