McCormick Corporate Logo
close search dialog
search dialog
close language dialog

Choose Language

plp-tertiary-header_desktop_2400x320

Materiality Assessment

As the basis of our 2021 Purpose-led Performance Report, we have conducted an updated materiality assessment to reflect the utmost relevant environmental, social and governance reporting for our stakeholders.

As in years past, our materiality assessment has driven forward our approach to sustainability and allows us to prioritize topics most important to our business and external stakeholders, including customers, consumers, employees, communities and shareholders. 

Our 2021 materiality assessment engaged a wide variety of external stakeholders, and a number of employees, such as operation leads across teams, including but not limited to, packaging innovation, supply chain, consumer strategy, agriculture and financial planning and analysis, as well as members from our PLP Leadership Team and Governing Council, and senior management.

External stakeholder engagement included interviews and surveys of IGOs, NGOs and trade bodies as well as investors, industry analysts, customers and suppliers. As part of the external engagement, we surveyed over 1,000 consumers.

The materiality assessment sourced topics and their relevancy from stakeholder engagement including surveys and interviews, and leading third-party ESG frameworks, standard-setters, rating agencies and providers. 

 

Materiality Matrix

Our Materiality Matrix

As demonstrated in our materiality assessment matrix, we have identified 24 material topics, which are stratified across three tiers of materiality. While we have tiered material topics, we recognize all areas are material and drive forward our success and strategy. The Strategic tier reflects topics where we can show leadership and differentiate ourselves, the Priority tier reflects priority material topics and the Material tier reflects general material topics. Additionally, we have aligned our materiality matrix with our Purpose-led Performance reporting structure and designated topic categorization under People, Communities, Planet and Governance.