Identification of material non-financial matters

The material non-financial matters presented in the report are identified based on the principle of dual materiality. According to the outside-in perspective, matters considered to be material are those that are necessary to arrive at an understanding of the company’s business per­for­mance, operating results and position (financial materiality). In accordance with the inside-out perspective, the report presents the material impact of business activities on the en­vi­ron­ment and people (impact matters). A large number of issues are considered material from both perspectives. The materiality analysis is carried out from a Group per­spec­tive. Fastweb’s sustain­ability reporting for its business activities in Italy includes other non-financial matters identified as material that are not included in Swisscom’s con­sol­i­dated non-financial report.

When developing its sustainability strategy and sustain­ability reporting in accordance with the GRI framework, Swisscom conducts regular trend analyses, bench­mark­ing compa­ri­sons and materiality analyses. It involves the rele­vant stakeholder groups in the process and engages in structured dialogue with them. Further in­for­ma­tion on the identification of material matters can be found in the sustainability reports of Swisscom in Switzer­land and Fastweb.

The material topics for Swisscom and their allocation to the non-financial matters are as follows, divided into business activities in Switzer­land and Italy: