Buckman
Buckman is a privately held, global specialty chemical company headquartered in Memphis, Tennessee, USA.
The challenge
A chemical by itself doesn’t solve problems. But when that chemical is supported by Buckman’s rigorously trained industry experts and complemented with the highest-quality products, the latest smart technology and advanced data analysis, then it becomes a solution. Buckman is focused on helping organizations improve productivity, increase profitability and ensure safety, compliance and sustainability.
CSE Solution: Materiality Assessment & Stakeholder Survey
In order to identify areas that could represent opportunities or risks for Buckman business CSE carried out a broad stakeholder survey analyzing issues in terms of their relevance for society, environment and governance
We went through the following process:
- Reviewed best practice approaches to materiality and the approaches of Buckman’s peers
- Consulted a cross-section of stakeholders from across their business to define a list of material issues and prioritize these into high, medium and low importance
- Created materiality matrix based on GRI standard requirements
- Suggested areas for improvement for risk reduction
