Since the first year of non-financial reporting, the Group has identified the sustainability aspects on which to focus, starting a process of materiality analysis that has evolved over time, with the aim of continuous improvement. Until last year, the materiality analysis carried out by Technogym had focused exclusively on impacts (inside-out perspective). For its 2024 reporting, in accordance with current regulations, a more structured update of the materiality analysis was carried out in line with the principle of Double Materiality, referred to in the ESRS 1 "General Requirements" standard.

Double Materiality is divided into two distinct dimensions: impact materiality and financial materiality. A sustainability topic is considered material from the point of view of impact when it concerns the material impacts, negative or positive, actual or potential, on people or the environment in the short, medium or long term. Impacts include those related to own operations and the upstream and downstream value chain. A sustainability issue is material from a financial point of view if it involves material financial effects, i.e. when it can or could influence the current or future economic-financial performance of the organisation (so-called outside-in perspective, typical of financial materiality).

For further information on the materiality analysis, please consult our Annual Report