Materiality

To ensure that our sustainability work concentrates on the most material topics, we continuously follow the most recent developments and trends in the sustainability field, changes in legislation as well as input from stakeholders. While we regularly update our materiality assessment, the material sustainability topics tend to remain the same over the years, with only slight variations to their relative importance.

In 2023, we began examining our material topics from a double materiality perspective, taking into account not only the impact of Huhtamaki on people and the environment, but also the potential financial effects on Huhtamaki from sustainability-related risks and opportunities. This process is interlinked with our Enterprise Risk Management process, which is focused on identifying crucial non-financial risks and opportunities.

The results of the 2024 double materiality assessment are summarized in the below table, which shows impacts, risks and opportunities (IRO's) mapped according to the Huhtamaki value chain. The list of IRO’s includes both potential and actual as well as positive and negative impacts across the entire value chain. 

Assessment of potential and actual impacts in the value chain

Read more about how we manage the material sustainability topics in our Sustainability Statement.