Double materiality analysis

Materiality analysis has been part of Hansel’s sustainability work and reporting for a long time. Already in the 2023 update of the materiality analysis, the principles of double materiality were taken into account, and representatives of stakeholders were interviewed as the basis for the update.

The actual double materiality assessment process was launched in summer 2024. The result was assessed in spring 2025 in a test assurance, and the materiality analysis was updated based on the feedback received.

The final ten material themes were defined using a long-list stepwise validation process. The matters on which we have the greatest impact from the point of view of both our own operations and the risks and opportunities related to the themes were identified as material.

 

Theme	Impact	Opportunity/risk
E1 Climate change, mitigation	Negative	Risk
E1 Energy	Negative	Risk
E5 Circular economy	Negative	Opportunity
S1 Own workforce, work-life balance	Positive	Risk
S2 Working conditions of value chain workers	Negative	Risk
G1 Corporate culture	Positive	Opportunity and risk
G1 Political influence	Positive	Risk
G1 Anti-corruption	Positive	Opportunity and risk
Security of supply and preparedness	Positive	Opportunity
Savings for society	Positive	Opportunity

 

Interlinkage between Hansel’s sustainability themes and UN Sustainable Development Goals

Theme	Target	SDG
Climate change mitigation	We identify emissions from both our own operations and joint procurement and take active measures to monitor and reduce them.
Energy	We advance energy-efficient solutions and the use of fossil-free energy in our own operations and through joint procurement.
Circular economy	We support the transition to a circular economy by taking solutions that support the circular economy into account in our joint procurement, by reducing the generation of waste and by promoting recycling.
Own workforce, work-life balance	A healthy and competent work community is a prerequisite for success. As a company, Hansel is a sought-after workplace with a work culture that supports work-life balance and flexible forms of work.
Working conditions of value chain workers	In all of our joint procurements, we assess the risks of human rights and labour-related abuse related to value chain workers and take them into account in our contractual terms.
Corporate culture	Ethical and compliant operations are the foundation of Hansel’s operations. The prerequisite for our existence is open and transparent competitive tendering towards both customers and suppliers.
Political influence	One of Hansel’s strategic goals is to participate in the development of public procurement and to act as an advocate for practical procurement activities.
Anti-corruption	We actively work to prevent and detect corruption. Hansel has a compliance function and related structures, as well as extensive guidelines related to anti-corruption.
Security of supply and preparedness	We enable the promotion of preparedness and security requirements in procurement in line with customer requirements.
Savings for society	Well-functioning markets and good tendering practices are an important part of our work. We are active in the supplier market and familiar with it. We want our tendering procedures to attract interest, and we monitor the number of bids.

Sustainability management approach

Theme	Impacts	Sustainability management	Indicator/monitoring
Climate change mitigation	The manufacture and use of products and services sold through Hansel’s joint procurement contracts results in CO2 emissions. Hansel’s own operations also generate some emissions, such as those related to mobility.	Identifying material emissions impacts and measures in joint procurement through sustainability analysis and risk analysis. Monitoring of emissions data during the contract period.	Procurement contributing to climate change mitigation, %
Energy	The use of products sold through Hansel’s joint procurement contracts consumes energy.	Identifying material impacts and measures related to energy efficiency in joint procurement through sustainability analysis and risk analysis. Monitoring of objectives during the contract period.	Procurement taking energy efficiency into consideration, %
Circular economy	A significant amount of waste is generated during the end of life phase of products sold through joint procurement contracts. Recycling and reuse can provide Hansel’s contracts with new business opportunities.	Identifying material impacts and measures related to circular economy goals in joint procurement through sustainability analysis and risk analysis. Monitoring of objectives during the contract period.	Procurement contributing to the circular economy goal, %
Own workforce, work-life balance	Flexible working hours, hybrid work and flexible working life promote work-life balance.	Identifying and implementing HR measures that promote a values-based work community and work culture	Personnel satisfaction
Working conditions of value chain workers	The manufacture of products sold through Hansel’s joint procurement contracts takes place partly in high-risk countries and high-risk industries, where there is an increased risk of excessive working hours, for example.	Identifying material human rights impacts and measures in joint procurement through responsibility analysis and risk analysis. Monitoring of objectives during the contract period.	Code of Conduct/code of ethics as an appendix to the contract, %
Corporate culture	Our operating models, processes and structures ensure a good corporate culture.	Operating models, work instructions and process descriptions are kept up to date and personnel are trained on them.	Work instructions
Political influence	One of Hansel’s strategic goals is to participate in the development of public procurement and to act as an advocate for practical procurement activities.	Hansel is registered in the Transparency Register and complies with its rules.	Transparency Register
Anti-corruption	Hansel actively works to prevent and detect corruption.	Hansel has a compliance function and related structures, as well as extensive guidelines related to anti-corruption.	Compliance monitoring and reporting Event and gift list
Security of supply and preparedness	We ensure the availability of services and goods that are essential for society in exceptional situations.	Identification of material preparedness and security requirements at the preliminary report stage Definition of appropriate requirements and conditions in tenders and monitoring during the contract period	Procurement including a preparedness condition and separate security agreement, % Data protection, security and preparedness: classification, levels 0, 1 and 2
Savings for society	Hansel’s joint procurement generates financial savings for the entire society.	Ensuring the functionality of the market and appropriate procurement packages at the preliminary report stage Enabling efficient use of public funds and price and process cost savings in tendering, and monitoring during the contract period	Savings calculations

 

Our stakeholder analysis is updated annually. Read about our stakeholders.