ESG rapport HJHansen Wine Group 2024 -Engelsk version 04.03.25 - Flipbook - Side 16
CEO Statement
B-Corp Certification
Double Materiality
One of the core principles of
CSRD reporting is the double
materiality assessment.
This means that we must evaluate both
environmental and social materiality
on an equal footing with financial
materiality – hence the term "double
materiality".
From an environmental and social
perspective, we map out the areas
where Wine Group has a real or
potential positive or negative impact,
risk, or opportunity. This assessment
covers our entire value chain and
considers short-term (1 year),
medium-term (5 years), and long-term
(over 5 years) impacts.
From a financial perspective, we
examine how sustainability factors may
create risks or opportunities that affect
our cash flow, financial results, financial
position, development, or access to
capital – also evaluated across short,
medium, and long-term periods. We are
currently in the process of conducting
a double materiality analysis, which we
expect to complete in the 2024/2025
financial year. Once finalised, we will
integrate the identified significant
impacts, risks, and opportunities into
our strategy, policies, action plans, and
objectives.
Materiality of impacts
Financial Materiality
What significant impact does
the company have on people
and the environment?
Which external risks and
opportunities within E, S, and
G could significantly affect the
company financially?
B-Corp is a global standard that measures how a
company positively impacts society through social
and environmental responsibility. The certification
recognises companies committed to creating a
positive impact on society and the environment
while maintaining high transparency and
accountability.
There are many similarities between B-Corp
certification and CSRD reporting. Both frameworks
aim to measure and highlight a company’s
sustainability efforts. The common denominator is
a strong focus on transparency and accountability,
requiring companies to document their goals,
policies, actions, and progress – with continuous
follow-up.
Our ongoing work with CSRD reporting and
materiality assessments already incorporates many
of the key elements necessary for a potential future
B-Corp certification. Both frameworks require a
systematic approach to documenting and improving
our social and environmental impact. For this reason,
we see our CSRD work as a natural preparation for a
potential B-Corp certification.
By strategically working with both frameworks,
we ensure that our sustainability journey remains
targeted, transparent, and value-creating – both for
the company and for society.
Wine Group is currently completing the B Impact Assessment, which serves as the foundation for the next steps
toward a potential B-Corp certification.
16
ESG report 2023/2024
Wine Group
