In keeping with the company purpose, We Keep the World Working®, we approach our work with a sustainability mindset and a long-term view of critical environmental, social and governance issues. We help others fulfill that mission as well, especially our team members, customers, investors, suppliers and communities.
Our materiality assessment and resulting materiality matrix form the foundation of our ESG program. This assessment utilizes the Global Reporting Initiative (GRI) Standards’ definition of materiality and enables an organization to determine the most important issues that reflect its economic, environmental and social impacts and the issues that influence the decisions of stakeholders.
In spring 2021 we completed our most recent materiality assessment with the help of Ernst and Young (EY), our external partners. Through in-depth outreach to customers, investors, and other stakeholders, the team arrived at a thorough analysis that is reflected in the matrix above.
The results of our materiality assessment inform not only Grainger’s opportunities to impact critical areas using our products, services, and solutions, but also where we can refine program priorities. Using the results of this latest assessment, our ESG Leadership Council (ELC) then categorized the material topics into three areas:
Continue Doing: Areas where we currently perform well on and are considered non-negotiable for Grainger’s stakeholders and business success;
Focus Resources: Topics where Grainger would like to invest attention to improve performance;
Monitor: Topics considered less critical but that we actively monitor and will address if issues arise.
Using the “Focus Resources” category, the ELC further identified core priority areas of focus and efforts in the near term:
- Diversity, Equity and Inclusion
- Energy and Emissions
- Supplier Diversity
- Sustainability Solutions