CASE
CTEK
Double Materiality Analysis provided clearer way forward for CTEK
When the EU’s new sustainability regulations came into force, CTEK, a global leader in battery technology, needed clearer guidance for its sustainability work. With Knowit’s help, they carried out a double materiality analysis that delivered insights, engagement, and a concrete roadmap. The result was a strengthened sustainability strategy that both complies with regulations and makes the company more resilient for the future.
CHALLENGE
Need for structure to meet CSRD and ESRS
As a global player with high ambitions, CTEK faced the task of aligning its sustainability reporting with the new EU requirements under CSRD and ESRS. To succeed, they needed a clear understanding of which sustainability issues were most relevant, how they affect the business, and where there were gaps in existing reporting. Without such structure, the company risked both falling short of regulatory requirements and missing the opportunity to leverage business value through sustainability.
SOLUTION
A structured process for sustainability strategy and compliance
Knowit developed a double materiality analysis that combined stakeholder dialogues, workshops with the executive team, and a thorough review of CTEK’s existing reporting. Through this process, the most critical sustainability issues were identified and prioritized. At the same time, areas that needed further development to meet ESRS requirements became clear. The analysis resulted in a concrete roadmap that both ensures compliance and strengthens CTEK’s sustainability strategy going forward.
RESULT
A stronger, future-proof sustainability strategy
The effort gave CTEK a clearer and more future-proof sustainability strategy. Leadership gained deeper insight into which issues are most significant, improving the basis for decision-making and creating greater engagement within the organization. Sustainability became more integrated into the core business, and the company is now better positioned to meet both regulatory demands and future sustainability challenges.
What is a double materiality analysis?
In helping CTEK, we carried out a double materiality analysis to identify the sustainability issues that are most decisive. We analyzed both how CTEK’s operations impact people and the environment, and how sustainability issues in turn affect the company’s business and future development. In this way, we provided a holistic perspective that both satisfies the requirements of CSRD and ESRS and strengthens CTEK’s long-term sustainability strategy.
How this solution contributes to Agenda 2030
SDG 12: Responsible Consumption and Production: The DMA helped CTEK identify material sustainability issues, enabling the company to optimize resource use and minimize waste across its operations. By understanding the environmental impact of their products and processes, CTEK is better equipped to promote sustainable production practices.
SDG 13: Climate Action: Through the assessment, CTEK gained insights into how their operations contribute to climate-related risks and opportunities. This enables the company to implement strategies that reduce greenhouse gas emissions, improve energy efficiency, and contribute to mitigating climate change.
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Signe Mörner
Manager