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Guide your company’s sustainability journey

6

USEFUL INFORMATION

6.1

MIA BENCHMARK TECHNICAL DETAILS

6.2

GLOSSARY

6.3

CREDITS

6.1

MIA BENCHMARK
TECHNICAL DETAILS

MATURITY

The degree to which companies measure and manage what is material to their business.

The assessment measures the maturity of non-financial/sustainability management processes in two
parts: I. materiality analysis and II. management of key metrics. In Part I., the questions refer to how robust and credible the analysis of material issues is, which has an effect on companies` resource allocation and management maturity.

 

In Part II. questions refer to 3 categories:

  1. Formal commitments (policies)
  2. Performance management
  3. Reporting, which yields the overall management maturity of key metrics.

 

All questions are graded on a scale of five ranging from 0 to 4 points according to maturity levels defined for each question. In the final maturity rate, Part I. has a weight of 25% and Part II., a weight of 75%.

 

 

Components of Maturity

 

We distinguish four components of maturity:

 

  1. Materiality Analysis – assessed through an interview with CSR Europe consisting of 8 robustness criteria,1 scored on a scale of 0-4 ranging from ‘not mature’ to ‘good practice’ (this is discussed more in detail in challenge 3.1).
  2. Policy – whether companies have policies for given sustainability metric/topic. This consists of one self-assessed question scored on a scale of 0-4 ranging from ‘no policy’ to ‘Expectations of central and local policies cascaded to the supply chain’.
  3. Performance Management – here we seek answers to 4 questions2 regarding internal management of each sustainability metric, scored on a scale of 0-4 with different thresholds for each question and then averaged to arrive at the component`s score.
  4. Reporting – we were curious about how metrics/topics were disclosed. This was a one-question assessment, scored again 0-4 ranging from ‘no reporting’ to ‘integrated report and strategic tailored communication to all stakeholders’ (this will be discussed more in detail in challenge 3.2)

 

 

 

INTEGRATION

 

 

 

 

 

The assessment measures the integration of non-financial/sustainability management processes in three parts: III. strategic integration of sustainability, IV. sustainability governance and V. capacity building for integration.

 

  • In Part III, the questions refer to how the company integrates non-financial/sustainability in its vision, strategy, risk assessment and how is it mapping stakeholder expectations?
  • In Part IV, questions refer to the structure of sustainability governance and which functions are responsible for the strategy's implementation.
  • In Part V, we ask companies to explain how they engage in capacity building internally and in their supply-chain to improve sustainability performance.

 

All questions are graded on a scale of five ranging from 0 to 4 points according to maturity levels defined for each question.

 

In the final integration rate, Part III has a weight of 44%, Part IV 23%, while Part V 33% according to the number of questions for each part.

Sustainability management maturity and integration belong together. The chart below presents the elements of the MIA assessment and how they link to each other.

The degree to which sustainability and material stakeholder expectations are embedded into strategic management and into all divisions of the organisational structure.

1 These are 1) Purpose of your materiality assessment;  2) Level and scope; 3) Stakeholder mapping; 4) Issue identification; 5) Issue prioritization;
6) Representation of material topics; 7) Validation of internal issue prioritization; 8) Review regularity

 

2 These are: 1) Targets for KPIs in key metrics; 2) KPIs for key metrics; 3) Management system to control, manage and measure performance;
4) Key metric in employee performance management