Materiality assessment

In 2023, Pandora further developed its initial double materiality assessment in line with the EU Corporate Sustainability Reporting Directive (CSRD), including a preliminary review of the process methodology by an independent third party a year ahead of the CSRD requirements. Pandora’s Sustainability Board has approved the double materiality assessment outcome, which was also presented to the Board of Directors.


The double materiality assessment helps us gain a deeper understanding of the impact of our business activities and how our business is influenced by the external environment. We view this assessment as a strategic tool that allows us to improve our strategy and respond to the growing stakeholders expectations and regulatory demands.


The assessment involved research and in-depth interviews with stakeholders most likely to be affected by our operations, which allowed us to establish criteria for scoring material sustainability matters. We aligned our approach with Pandora’s enterprise risk management system. We used the disclosure requirements for enter­prise risks to scope the top 10 material sustainability matters.

Read more in our Sustainability Report 2023.