We base our work on sustainability on extensive dialogue with those stakeholders that are either materially affected by our activities or that can affect our activities in a material way.
These stakeholders include our customers, employees, owner (the Norwegian state), and Board of Directors, as well as the authorities, investors and society in general. As part of our objective to be a leader in the areas of sustainability we prioritize, we continually map any new signals and expectations from our owner, changes to national and international standards that affect best practice, and developments in respect of norms and attitudes of significance to our stakeholders.
In addition to engaging in continuous dialogue with our stakeholders, we regularly conduct materiality analyses to identify relevant sustainability topics, and these set the framework for our activities and reporting.
We last carried out a materiality analysis in the autumn of 2019, as part of which our key stakeholders provided input on KBN’s priorities for its sustainability work. With regard to internal stakeholders, all KBN’s employees as well as its management team, Board of Directors and Supervisory Board were involved. With regard to external stakeholders, KBN conducted interviews with its owner (the Ministry of Local Government and Modernisation), the Norwegian Association of Local and Regional Authorities (KS, as a representative for KBN’s customers), CICERO (climate/research interest group) and Citi (investor). The topics that were identified as material were divided into five categories, which represent KBN’s priorities for its sustainability work going forward, and for its reporting from 2020 onwards.