2d2 O]}]`ta`IX)V$nd0qqTTnt17my?o#4{d}2 The sustainability materiality assessment performed at Kellogg considers and includes all aspects that have material economic, social or environment impacts. General Motors Chair and CEO Mary Barra. The level of rigor and documentation that is needed to support an organizations identification of critical issues varies depending on the subjectivity of the frameworks in use and the intent and location of the organizations ESG disclosures. region: "eu1", Students who complete the Advanced Placement (AP) examination with a score of 3 or higher in the following subject areas will receive Kellogg Community College credit on their academic transcripts. region: "eu1", We work with our ingredient suppliers, research institutions and non-profit organizations around the world to provide farmers and workers in our sourcing regions with on-the-ground training and technical assistance they need to improve farm productivity, regenerate soil health, protect species and habitats, reduce greenhouse gas emissions and improve their livelihoods in ways that protect and respect human rights. English (selected) espaol; portugus; Deutsch; franais; If you have materiality needs or feel like your organization could benefit from materiality assessment help, please please be in touch. Water Risk Assessment Methodology (337 KB) 2020 Verification (156 KB) 2019 Verification (158 KB) Food Loss & Waste. ESG materiality assessments can be formal or informal. Finally, visualize your material issues and then communicate them to your stakeholders. We are undergoing a strategic review to build on our current program to source sugar cane to advance toward our goal of 100% Responsibly Sourced by 2030. By doing a Materiality Assessment, you will narrow down your company's sustainability priorities to global and industry-specific topics. Smartphones and mobile devices disturb other examinees and should not be brought to the Testing and Assessment Center. NEXT GENERATION ACCUPLACERdoes not determine admission status with Kellogg Community College. Others, like the Global Reporting Initiative (GRI), consider a broader range of stakeholders and focus on issues that contribute to overall sustainable development, and these call for a double materiality approach. A well-conducted ESG materiality assessment serves as a key step in a companys process of understanding the ESG risks and opportunities relevant to its business and stakeholders, and in managing possible ESG-related legal liability risks. 2 0 obj Worldwide Marketing & Communications (1.3 MB) GRI Index. Given the proliferation of possible ESG topics and lack of a common definition of what constitutes as an ESG topic, companies need to focus and/or refine their ESG strategy around themost important and material ESG topicsfor their unique operations, rather than attempt to tackle too many at once. We also conduct formal materiality assessments to help us identify the importance of ESG issues, inform our sustainability strategy and determine what we need to share in our sustainability reports. In general, topics that fall in the upper right section of the scatter plot would be the most significant. Kellogg Materiality. Materiality Matrix (1.5 MB) Kellogg Worldwide Marketing & Communications Guidelines. Accordingly, we are pleased to share our 2023 ESG predictions. A materiality assessment is designed to help you identify and understand the relative importance of specific ESG and sustainability topics to your organization. formId: "0a83f378-fc00-4104-9923-f0042359512e", ESG materiality, on the other hand, looks beyond financial impact to consider nonfinancial factors that could affect the long-term sustainability of a business as indicated by a broader range of stakeholders. The use of a phone or mobile device during a test is strictly prohibited and will be considered cheating. 1 0 obj It also includes deeper insights into the operating environment of your business and encourages the effective allocation of its resources. endobj book a quick tour of our software platform. 0000007620 00000 n In finance, information is material if omitting, misstating, or obscuring it could reasonably be expected to influence decisions that users of general purpose financial statements make on the basis of those statements, which provide financial information about a specific reporting entity. As part of our Kelloggs Better Days Promise goal to create better days for 3 billion people by the end of 2030, we are committed to supporting 1 million farmers and agronomists and to building resilient and responsible supply chains for our priority ingredients. en Change Language. Each year, we collaborate with suppliers, project partners and farmers to collect this data and share results with suppliers and producers. Storytelling and expertise from marketers. With so many potential business-critical ESG topics, it can be almost impossible to focus on all and still perform optimally - this is where the Materiality Assessment proves essential. 0He;FRQ&FC9>&S3PBdV/:~QrX-!|$ Oe(CO8v.wF [emailprotected], 2950 West M-179 Highway In addition to each projects environmental or social outcomes, we track and report the numbers of farmers and agronomists engaged by participation in training on any of the above topics, receipt of technical assistance or inputs, receipt of project funding, or receipt of other educational resources to help change agricultural, business or financial practices. Each year, our sustainability team reviews our materiality matrix against the external ESG landscape and our routine engagement with stakeholders . A materiality assessment is a project to identify, refine, and assess numerous potential environmental, social and governance issues that could affect your business, and/or your stakeholders, and organize them into a short-list of topics that inform company strategy, targets, and reporting. O +df+ 5@ ?D This team will identify the relevant frameworks for consideration and also engage, at some level, with the companys key stakeholders: investors, employees, customers, competitors, regulators, and others as applicable. The next stage will involve narrowing your list of issues further and identifying the real issues that are relevant to your business. Government-issued photo identification such as a drivers license, passport, military ID or KCC student ID is required for testing at the Testing and Assessment Center. This process enables businesses to identify and categorize material issues that affect their regulatory compliance and performance. Students with a documented disability may submit documentation identifying your accommodation need to the Center for Student Success so that we can assist your testing experience. %PDF-1.4 % Expectations about how companies should approach materiality also vary across jurisdictions, and U.S. regulators have taken a different approach than those in the European Union (EU). %%EOF Certification schemes like the Roundtable for Sustainable Palm Oil provide the foundation for responsible sourcing of these ingredients. 0001436504 00000 n g#d3\~IM6j#9Vxj2&./s-(^vtqv'>?z6 *-|\MDz)!pGGN V%@13G)`J/nG$ JsF)7m+w"FRn0>k+- 9zT~6!+E~qFK*`BQd%)O`eb#Mg#Pi4[ Private Equityfirms can access a rolled-up view of their portfolio companies for presentation to investors. Under double materiality, a company also looks outward to examine how its operations and decisions affect the outside world. Good.LabsESG Performance Softwareincludes astraightforward ESG domain evaluation and prioritization Materiality Assessmenttool that allows for unlimited stakeholders. Align with our vision, purpose, strategy, brand portfolio and geographic footprint. This could involve topics and themes that include, but are not limited to: At Brightest, whenever we're working with a company or partner on materiality, we typically start with an industry and competitive landscape evaluation to understand what your peers are focusing on in ESG and sustainability. 0000001253 00000 n A materiality assessment considers environmental and social impact but also what stakeholders and investors care about. 517-278-3300 TSC Industries v. Northway, Inc., 426 U.S. 438, 449 (1976); see Basic, Inc. v. Levinson, 485 U.S. 224 (1988) (as the Supreme Court has noted, determinations of materiality require "delicate assessments of the inferences a 'reasonable shareholder' would draw from a given set of facts and the significance of those inferences to him.." TSC Industries, 426 U.S. at 450); see also FASB . startxref Here are a few of our most recent achievements: I am excited about the progress we are making toward reimagining how our customers and communities will move through the world, just as we did more than a century ago. In partnership with our suppliers, we have used or accepted industry-standard survey tools and calculators, including the Cool Farm Tool, Field to Markets Fieldprint Platform or SAI Platforms Farm Sustainability Assessment. The Workplace Coach, an Executive Coaching Firm, 5555 Glenridge Connector, Suite 200Atlanta, GA 30342, Phone: 1-770-451-0505Toll Free: 1-877-306-5292Fax: 1-404-529-4484Email: Email Us Here, Top 3 Qualities to Look for When Hiring Senior Execs, 9 Ways to Foster Community at Work & Improve Employee Productivity, 10 Ways for Leaders to Handle Heated Political Issues at Work, To Lead Effectively, Pay Attention to Why People Work, 5 Leadership Competencies to Prioritize in Tough Times. There are no facilities for child care at the Testing and Assessment Center, and children are not allowed in the testing rooms. portalId: 26099345, Materiality assessments are based mainly on stakeholder feedback. (Or all of the above?) [8 Xd!=`SjRUHDXet6+qLSYQf0O+%\ 3ZtGPEBB2{2w5usNpi\4(Y>N>y%3$vJH*,yd?53T`@$fa28yIq:cgJ7r]yB:rRQ.y!0 1M?D endobj 2022 KELLOGG CO. | DZF|])=r&L1= Scribd is the world's largest social reading and publishing site. Please note:If you have not provided your high school transcript and/or ACT, SAT or PSAT scores that areless than five years oldto KCC, do so prior to testing. Position Statement . A $5 fee per test section is required. })}); Want to know more about our Diploma in Business Sustainability. A common ESG materiality topic or theme is climate change. })}); window.hsFormsOnReady = window.hsFormsOnReady || []; The GRI G3 Guidelines introduced the idea of materiality in 2006 into the corporate sustainability reporting context. The software empowers companies to quickly produce a decision-making framework for ESG. stream KCC grants credit for college-level equivalency examination programs such as CLEP and DANTES. Embedded in ESG materiality is a concept known as double materiality. We met our original 2020 responsible sourcing goals for nine of our original priority ingredients, including corn, wheat, rice, potato, fruit, sugar beet, cocoa, palm oil, and vanilla ingredients. Provide a current photo ID (student ID or government-issued ID, drivers license, state ID or passport), Allow one to three hours for testing depending on the number of sections you take, Complete KCCs free Online Learner Orientation, Test sections (Reading, Writing, Math, Full Assessment, ESL, etc. Amp ; Communications ( 1.3 MB ) Kellogg Worldwide Marketing & amp ; Communications ( 1.3 )! Insights into the operating environment of your business Oil provide the foundation for responsible of. And performance ( 1.3 MB ) Kellogg Worldwide Marketing & amp ; Guidelines... Kellogg Worldwide Marketing & amp ; Communications ( 1.3 MB ) GRI Index fee per test is! Of a phone or mobile device during a test kellogg materiality assessment strictly prohibited and be. 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