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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.

The comprehensive DMA included engagement with 16 internal and external stakeholders. The stakeholders helped identify relevant impacts, risks, and opportunities (IROs) in our own operations and value chain given the activities, business relationships, and operating geographies of the Company. The relevant stakeholders
were chosen to ensure the presence of expert insight across topics and access to high-quality information.

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 Double Materiality Matrix