Impacts (occurrences), risks, opportunities and materiality
Business impacts and materiality
Talgo analyzes and identifies the positive and negative impacts, real and potential, in the short, medium and long term, that it may have on the economy, the environment and people (stakeholders, including social actors and others).
As a result of this analysis, 170 individual impacts were identified and grouped into Talgo’s 63 key material impacts.
Risks and opportunities
Talgo integrates non-financial sustainability risks and opportunities into its corporate risk and opportunity management model.
Both are handled through a proprietary methodology of evaluation and prioritization.
Sustainability Risk Inventory Sustainability Opportunities Inventory
Materiality (issues of relative importance)
Based on the 63 material issues, Talgo identifies its 18 material issues. These questions were validated and adjusted through two benchmarking studies (competitive and functional) with 6 leading international benchmark companies.
In the 2024 report, the results of Talgo’s dual materiality will be presented in the relevant stakeholder matrices.
Internal materiality is the result of a 50% weighting of external impacts on stakeholders and the environment and financial impacts (to minimize risks and maximize sustainability opportunities (inward).
External materiality (stakeholder ratings) is the result of stakeholder surveys in which the relevant issues were validated and then individually scored.
Inventory of relevant sustainability issues Materiality internal prioritization
