Every company faces Environmental, Social and Governance (ESG) issues that challenge its ability to operate responsibly. A materiality analysis helps identify which of these topics matter most – by engaging key stakeholders such as customers, employees, suppliers, partners, management, shareholders, and non-profit organisations.

We conducted our first materiality analysis in 2022, which laid the foundation for a structured and strategic approach to sustainability at Canyon. It guided us in setting goals, KPIs, and a clear framework for communication and management.

In 2024, we completed our first double materiality analysis, taking into account the European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Reporting Directive (CSRD). Double materiality looks at both how our business impacts people and the planet (inside-out), and how sustainability issues affect our business (outside-in).

This comprehensive view allowed us to pinpoint the ESG topics most relevant to Canyon and our stakeholders. These are:

Climate change – Reducing our carbon footprint across operations and products, and increasing resilience to climate-related risks.

Circular economy – Designing products and systems for durability, reuse, repair, and recycling to reduce waste and resource consumption.

Own workforce – Providing fair working conditions, fostering a safe and supportive work environment, and enabling personal and professional growth for all employees.

Workers in the value chain – Promoting safe and fair labor practices throughout our global supply chain.

Customers & end-users – Focusing on product safety, user experience, accessibility, and transparent communication.

Business conduct – Upholding strong ethical standards, compliance, and responsible governance across all areas of our business.

As part of our commitment to transparency and responsible corporate governance, Canyon provides detailed disclosures on its sustainability efforts, in reflecting the requirements of the EU Corporate Sustainability Reporting Directive (CSRD). Canyon’s sustainability statement is included as an Annex to GBL’s Annual Report, where GBL’s consolidated sustainability disclosures can also be found. This should be read in conjunction with the full GBL Annual Report, available below.