Material topics that emerged in the double materiality assessment included climate change, the company’s own workforce, workers in the value chain, customers and end users, and business conduct.
Algol Trehab began working on its double materiality assessment at the end of 2024 and completed it in autumn 2025. In addition to the environmental impacts of the business, the assessment examined social aspects and good governance. The aim was to identify activities, risks and opportunities that affect sustainability in terms of impacts and financial perspectives. The results of the assessment will be used to develop the company’s sustainability programme and related indicators.
The double materiality working group consists of members of Algol Trehab’s Management Team, as well as the Algol Group’s Sustainability Manager and Communications Manager. At the start of 2025, stakeholder expectations were mapped based on interviews and surveys. Responses were received from two principals and one customer, and the respondents worked in different roles. These perspectives provided meaningful feedback about the expectations and priorities of the value chain.
The working group met to score and justify the topics in order to outline the most material aspects for Algol Trehab, taking into account the responses received from stakeholders. At the end of these workshops, the threshold values were assessed, after which the material issues identified as climate change (E1), own workforce (S1), workers in the value chain (S2), customers and end users (S4) and business conduct (G1).
The Algol Group aims to update its double materiality assessments approximately every two years to take into account any changes in the business environment.
Developing systematic sustainability work
“Identifying our material topics provides a solid foundation for systematically developing Algol Trehab’s sustainability work, and over the next year we will set more precise sustainability targets and indicators. For example, we already have working targets and indicators for our own workforce, but we must strengthen especially our climate work,” emphasises Johan Wulff, Managing Director of Algol Trehab.
The Algol Group will continue to voluntarily report in accordance with the structures and principles of the European Sustainability Reporting Standards (ESRS). The double materiality work serves as the basis for sustainability reporting.