Overview of Materiality

The video tutorial emphasizes the importance of stakeholder engagement and materiality in developing external or CSR reports. It warns against the 'ready, shoot, aim' approach, using a case study of an organization that failed to engage stakeholders, resulting in an ineffective report. The tutorial outlines a four-step process for stakeholder engagement: identifying stakeholders, engaging them, validating their concerns, and continuously reviewing and reporting. It highlights the need to align reports with stakeholder interests, legal norms, and company values.

What is the first step you should take before starting an external report?

Why is it important to determine materiality in stakeholder engagement?

What were the consequences of the organization not engaging stakeholders before releasing their report?

How can aligning sustainability with company values benefit an organization?

Describe the four-step process of stakeholder engagement mentioned in the text.