Corporate Responsibility Priorities and Matrix
Some companies use the term “materiality” in referencing important corporate responsibility or sustainability priorities. In the U.S., the term “materiality” often relates to key information that can impact financial statements. To avoid confusion, The Clorox Company refers to its most important corporate responsibility issues in this report as “corporate responsibility priorities.”
Recently, Clorox worked with a third party on assessing its corporate responsibility priorities — capturing key inputs from the company’s 2020 Strategy, which includes corporate responsibility commitments, as well as feedback from employees and numerous external stakeholders. Starting with a broad set of about 200 relevant corporate responsibility topics from resources including the Dow Jones Sustainability Index, the GRI G4 Content Index, the Sustainability Accounting Standards Board and Clorox-specific strategy documents, the team conducted working sessions as well as employee and external stakeholder interviews during an eight-month period to streamline the 200 topics even further. Eventually, the company narrowed the topics to a list of 17 key corporate responsibility priorities with alignment from stakeholders, both internal and external.