ESG Reporting Hub
ESG Reporting Hub
Our Responsible Business strategy rests on understanding and acting on what matters most to our stakeholders.
In 2022, we conducted Haleon’s first ‘double materiality’[1] assessment as a standalone company. This aimed to further enhance our understanding of the key social and environmental impacts for our business and confirm that we have prioritised the right ESG focus areas and ambitions. As Haleon evolves as a standalone company, we will continue to refine our approach to materiality and the way we disclose performance on our most material impacts, aiming to run a materiality assessment exercise at least every two years with review and sign off by senior management.
We consolidated internal, peer and sector- specific information and identified a list of 21 existing and potential material ESG topics for Haleon.
We engaged with key stakeholders – including employees, senior leadership, suppliers, customers and investors – through surveys and interviews - to understand which of these 21 topics were most important to them, and the degree of materiality and financial impact of each topic.
From this exercise, we identified four key impact areas that are central to Haleon’s strategy and performance:
Product Quality and Safety
Our responsibility to produce safe, high quality and reliable products was seen as non-negotiable by all stakeholder groups.
Plastics and Packaging
Given the volume of products we sell, increasing the recyclability of our packaging, decreasing the use of virgin petroleum-based plastics and closing the loop and driving circularity were considered key priorities.
Decarbonisation
Given the global importance of tackling climate change, reducing carbon emissions across our operations and value chain on our path towards net zero was identified as a key priority. Stakeholders also identified our opportunity to highlight the link between carbon emissions, climate change and human health.
Improving health outcomes: health inclusivity
Giving as many people as possible the opportunity to enjoy better everyday health, including those marginalised and/or discriminated against, was identified as an opportunity to have a positive impact on people, the environment and society.
In addition to the focus areas outlined above, the assessment identified an additional seven material topics. These are included in our responsible business strategy and we will continue to disclose our performance to stakeholders.
[1] Double materiality refers to identifying material impacts that an entity can have (positive or negative) on the environment or society, as well as societal or environmental matters that can have a material financial impact on that entity.