BWD has provided strategic support to one of the largest utilities in the Asia-Pacific since 2017, after the utility chose to partner with us to gain a deeper understanding of how environmental, social, geopolitical and technological changes in its operating environment were impacting enterprise strategy and prospects for success.
We have since undertaken four materiality assessments on behalf of the energy giant to help identify and prioritize the sustainability issues most important to the business and its stakeholders. In 2021, the Group became one of the first companies globally to adopt double materiality.
The outcome of our long-standing partnership has been the full integration of sustainability considerations into enterprise strategy and the integrated reporting suite. The Group is considered a global leader in sustainability strategy and disclosure, as evidenced by best practice citations from the World Business Council for Sustainable Development, and receipt of the best materiality reporting award (large cap) in China for three years running.