CSL's materiality assessment is conducted on a bi-annual basis and supports CSL's approach to sustainability. Through our materiality assessment, CSL identifies the focus areas which create the most value for our stakeholders as a global biotech.
In FY2026, CSL advanced its approach by transitioning towards a double materiality assessment (DMA), in line with emerging global regulatory expectations, including the EU Corporate Sustainability Reporting Directive (CSRD).
Our DMA identifies and evaluates impacts, risks and opportunities (IROs) across our operations and value chain from both an impact materiality perspective and a financial materiality perspective.
We apply a structured, group-wide methodology formalised in our Financial & Impact Group-level Materiality Assessment (FIGMA) Standard Operating Procedure, ensuring consistency and auditability across all steps.
The process follows four key steps:
- Understand: define the scope through value chain analysis, benchmarking and regulatory review.
- Identify: determine relevant topics and define IROs through stakeholder and expert input.
- Assess: evaluate IROs using likelihood and severity.
- Determine: apply thresholds and expert judgement to identify material IROs.
Stakeholder engagement and subject-matter expertise across CSL's value chain are embedded throughout the process to ensure relevance and robustness.
The DMA is integrated into our broader risk management and governance processes and supported by cross-functional collaboration.
We will continue to refine and enhance our methodology, considering evolving regulatory developments and internal learnings, to ensure our approach remains robust and fit for purpose.
The outcomes of the assessment inform CSL's sustainability priorities, disclosures and ongoing integration of sustainability considerations into CSL's operations.