HIW CRR 2023 v8 - Flipbook - Page 19
M AT E R I A L I T Y A N A LY S I S
We engage a third party to undertake periodic
materiality assessments with representative
stakeholders to identify ESG topics and focus areas that
have or could have a material impact on our business.
The intent of this assessment is to better understand
our ESG priorities and how they can further inform
our ESG strategy, Strategic Plan, resiliency plan and
corporate reporting and performance goals.
Aligned with the GRI Standards, our materiality
assessment begins with the identification of relevant
stakeholders and ESG topics to be assessed. A variety of
internal and external stakeholder groups are identified
to provide a wide range of perspectives and insights,
including our Board of Directors, executive leadership,
employees, shareholders, customers and vendors.
An array of ESG topics are then identified through the
evaluation of relevant topics.
In support of this process, we periodically distribute
materiality surveys to our stakeholder groups to
evaluate their priorities across the defined ESG
topics. The survey response data is then analyzed
and weighted by stakeholder group and a materiality
matrix is developed to compare the importance of
each topic to stakeholders and the impact on our core
business. The results of the materiality assessment are
used to inform our ESG strategy, update performance
indicators, refine our focus areas, (re)allocate our
resources and establish reporting boundaries for this
report and other external reporting. We continuously
gather valuable insights from our stakeholders so that
shifting priorities aligned with new external trends can
be identified and addressed for future planning.
High
ESG MATERIALITY ASSESSMENT — ALIGNING HIW BUSINESS DRIVERS WITH STAKEHOLDER PRIORITIES
Cyber Security
Business Ethics
Succession Planning
Employee Health
Energy Mgmt
Stakeholder Materiality
Training & Education
Water
Environmental
Compliance
Human Rights
Innovation
Financial Performance
Business Resiliency
Customer Satisfaction
Employee Relations
ESG Disclosure
Healthy Buildings
Diversity & Inclusion
Climate Resiliency Carbon Emissions
Environmental
Business Impact
Environment
Social
Governance
Government Relations
Green Building
Certification Executive Compensation
Access to Public
Transportation
Waste
Low
Labor Relations
Low
Highwoods Materiality (Impact on Business)
High
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