Material fields of action are areas in which a company, an organization or an individual must take certain activities and measures in order to achieve specific sustainability goals. These fields of action can relate to different areas, such as environment, social affairs, economy, ethics, legislation, education and innovation. In each field of action, relevant processes, responsibilities and resources must be defined in order to achieve goals effectively and efficiently.
The Corporate Social Responsibility Directive (CSRD) defines essential fields of action for companies in the area of sustainable development and social responsibility. According to the CSRD, the essential fields of action include:
Environment: Protection and sustainable use of natural resources, reduction of environmental impacts from business activities.
Social: promoting social responsibility, avoiding negative social impacts.
Economic: Responsibility towards employees and suppliers, promotion of a sustainable economy.
Human rights: Respecting and protecting human rights, avoiding violations of human rights through business activities.
Integrity and transparency: Compliance with laws and ethical principles, disclosure of information and promotion of integrity and transparency.
CSRD encourages companies to disclose and continuously improve their performance in these areas.
The key areas of action should be identified in an individual materiality analysis based on the principle of double materiality and validated in a stakeholder survey.