Materiality workshop aligned with Pay.UK’s sustainable objectives

It was an absolute pleasure delivering our Sustainability Materiality Matrix workshop to Pay.UK last week. Running through the environmental and social responsibility data gathering exercise exposed a wealth of impressive actions and ambitions for stakeholder engagement. Thanks to Sherree Schaefer and her passionate sustainability team for such an amazing input.

We were able to show how ‘what is important to Pay.UK‘ can be shared with external and internal stakeholders to help prioritise actions. By plotting the overall results on a materiality matrix Pay.UK can build a relevant sustainability strategy aligned with stakeholder expectations.

While Pay.UK are quite advanced in their sustainability journey, this will help ensure that the right destination is reached.

A material sustainability issue is an economic, environmental, or social issue on which a company has an impact or may be impacted by. It may also be one that significantly influences the assessments and decisions of stakeholders. It is considered best practice for a company to report on the relevant (or ‘material’) issues that have a direct or indirect impact on its ability to create or maintain or erode economic, environmental, social value for itself, its stakeholders, the environment, and society at large.

CSR-A run the only CSR Accreditation scheme in the UK and now operate globally
The CSR Accreditation is an effective way to benchmark what you are already doing with regard to social responsibility. It is a process in which you collate, measure and report on your organisation’s socially responsible activities. An accreditation will also provide you with a roadmap for planning future activity.

This is a fully holistic and inclusive approach that allows for all organisations – private, public and third sector and is for all sizes from sole traders to large corporations. It employs a white paper approach that promotes an organisation’s individuality.

The application process provides a simple and straightforward template where you record activity against the Social Responsibility ‘Four Pillars’ of environment, workplace, community and philanthropy. Each Social Responsibility Pillar is designed to help you impact report on areas such as energy performance, recycling, staff engagement, health and well-being, community engagement and support for local and national charities.

We highly recommend that you complete our interactive CSR Roadmap designed to support your CSR Accreditation Application: https://csrroadmap.herokuapp.com/