HIW CRR 2022 FINAL - Flipbook - Page 16
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 began with the identification of relevant
stakeholders and ESG topics to be assessed. A variety
of internal and external stakeholder groups were
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 were 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 Highwoods’ 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 and
plan to formally update our Materiality Assessment
in 2023 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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