(a) a concise description of the process and decision-making steps it follows to identify impacts, risks and opportunities and the related topics and to assess their materiality, including the approach to cover its own operations and its upstream and downstream value chain, the key methodologies, inputs and assumptions adopted, as well as the qualitative considerations or quantitative thresholds;

(b) how it assessed and prioritised impacts based on their severity and likelihood (see ESRS 1 General Requirements, paragraphs 44 and 45), how actions to prevent, mitigate, bring to an end, minimise and remediate negative impacts are considered, and how it considered areas of heightened risks of negative impacts related to specific activities, business relationships, or geographies;

(c) whether the assessment is informed by the undertaking's sustainability due diligence process, and, if it consults with affected stakeholders and external experts to understand its impacts, how such consultations inform the assessment;

(d) significant changes to the process compared to the prior reporting period; and

(e) when it last updated its materiality assessment.

(a) relevant disclosures under ESRS 2 IRO-1, paragraph 35(c), include how the materiality assessment process includes consultation with affected stakeholders and external experts;

(b) information on ongoing engagement with affected stakeholders (as defined in ESRS 1 General Requirements, AR 23) is addressed in the respective social standards (ESRS S1-2, S2-2, S3-2 and S4-2);

(c) disclosures related to how key affected stakeholders’ (including workers’ representatives’) interests and views are brought to the attention of the undertakings’s administrative, management and supervisory bodies and inform its strategy and business model, with regard to its material impacts, risks and opportunities, are covered under ESRS 2 SBM-2, paragraph 22(c).