CSRD Gap Analysis and Double Materiality Assessment
Double Materiality Audits (DMA)
Stakeholder Engagement and Listening
Strategy and Insights
Strategy Development and Target Setting
UCC is one of the world’s leading coffee companies, delivering a total coffee solution from private label roasting and own-branded coffee through to world-class coffee making equipment. A Japanese multinational brand, UCC operates across a number of European markets, with its European HQ based in the UK.
As a UK-headquartered EMEA business, UCC needed to understand and prepare for evolving sustainability reporting obligations across its European operations. With EU corporate sustainability legislation in constant flux, the challenge was to identify an approach that ensured compliance while laying the groundwork to refresh its long-term sustainability strategy and targets.
Initially, our team was engaged to conduct a CSRD Gap Analysis. This revealed the need for a comprehensive Double Materiality Assessment (DMA) aligned with the EU’s forthcoming Corporate Sustainability Reporting Directive (CSRD).
Working closely with UCC’s in-house sustainability leads, we formed a cross-functional taskforce to gather insights and key data points. Following best practice guidance from EFRAG (the EU’s sustainability reporting body), we implemented a four-phase approach:
The Philosophy team guided us through a complex process with a clear, step-by-step methodology aligned to best practice. They approached the project with rigour and diligence, keeping us informed and involved throughout. Despite a shifting legislative backdrop, they proved to be a highly professional and knowledgeable partner. We now feel well equipped to move forward with refreshing our long-term European Sustainability Strategy
Malcolm Hett, Director of Sustainability, UCC Europe