Our Shared Priorities

Reporting on Materiality

Building a complete understanding of materiality is a complex undertaking for a company with global operations and a wide stakeholder base. In preparation for anticipated regulatory reporting requirements, Sylvamo is in the process of conducting a full double materiality assessment (DMA). Once complete, this would tell Sylvamo how sustainability issues can impact the company’s financial performance and long-term value creation.

A DMA is important to Sylvamo because it supports increasing stakeholder expectations for transparency and helps ensure readiness for evolving reporting requirements, particularly Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS), where double materiality is a foundational requirement and auditability is expected.
 

Stakeholder Survey

To execute the DMA, Sylvamo used a survey-based process supported by its sustainability reporting platform.

A structured communications plan guided engagement across internal and external audiences, including employees, customers, suppliers, investors, community partners, non-governmental organizations (NGOs) and government officials, with translations to support global participation.

Survey questions and topic framing were aligned to ESRS topic categories across environment, social and governance (ESG) areas. Results were consolidated to identify the topics stakeholders consistently rated as most important.

Survey Results

Based on aggregated results, the highest-rated areas included Biodiversity and Ecosystems, Climate Change and Water and Marine Resources, followed by Our Workforce and Business Conduct, with strong importance also expressed for value chain topics.

These initial findings are being used to shape Sylvamo’s sustainability reporting structure. They also help focus management attention on the topics stakeholders view as most material to the company’s impacts and long-term success.  

Our Shared Priorities

Below, we outline our six shared priorities in greater detail. These are key themes representing the most material items identified through our survey and where we will place our focus moving forward.