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Essity 2023

In this backtest, we are looking at Essity, the Swedish hygiene and health company headquartered in Stockholm. The data was pulled on 5 September 2024. There is strong alignment between Essity's reported materiality in its 2023 annual report and Mettle's OSMA analysis.

Alignment of Topic Materiality​

Essity 2023

Comparing the two assessments, there is clear match between what Essity and Mettle find material and not (e.g. S3 Affect Communities is not material).

Topic Materiality over time​

2023

2024

The three main material topics remian the same - E5 Circular Economy, G1 Business conduct and S4 Consumers and end users. In this sector, this isn't a surprising result. E2 Pollution has become more material since 2023. The threshold for immaterial is between S3 Affected Communities and E3 Water and marine resources.

Which sub-topics are showing shifts in materiality​

E5.1 Resource inflows continues to be the most material subtopic for inclusion as an IRO. However, it has lost a little volume in 2024. Three subtopics stand out as becoming more material in 2024, which should be reflecting in IRO reporting. They are E2.7 Microplastics, S3.1 Communities' economic rights, and S3.3 Rights of indigenous peoples.

Materiality of Non-ESRS subtopics​

Developed using SASB taxonomy and Mettle's own unique Trust, Reputation, Thematic models. The taxonomies intentionally have some overlap with each other and with the ESRS taxonomy. Key to this analysis is identifying new topics not specified in ESRS, but meeting the requirement to determine anything else that is material. In Essity's use case, Mettle would recommend Leadership, Green Investment, Customer Welfare be included in material topics to be reported.