Material Topics

In 2023 MPCC updated its materiality assessment to incorporate the principle of double materiality. The double materiality assessment (DMA) enabled MPCC to begin identifying, assessing, and reporting on the topics where its business has an impact on the environment and society, and on material sustainability factors that affect MPCC’s ability to create financial value over time. In 2025, this assessment was updated to reflect evolving regulations, emerging risks and stakeholder expectations. While the methodology remains unchanged, the update refined the materiality conclusions based on new insights. 

The DMA process is grounded in MPCC’s due diligence framework and includes reviews of internal policies, human rights assessments, risk inventories, and structured stakeholder engagement. Stakeholder input was collected from 16 internal and external stakeholders. It identifies and prioritizes actual and potential impacts on people and the environment, using ESRS scoring parameters to evaluate impacts, risks, and opportunities (IROs).

The scoring was completed according to objective scoring parameters outlined by the European Sustainability Reporting Standards (ESRS). This entailed relying on quantitative scoring approaches, both for impact materiality and financial materiality, with thorough rationales for the assessments being provided
based on quantitative and qualitative data. The use of quantitative scoring allowed for easy prioritization between topics. The outcome of the DMA was anchored at executive management level to validate assessments and thresholds and sense-check the outcome.

MPCC's material topics and process is described in more detail in separate chapters in our annual report.