Double materiality assessment

Introduction

Corbion uses the double materiality assessment (DMA) to hear the voices of our stakeholders and identify material impacts, risks, and opportunities. The assessment informs our sustainability strategy, business planning, and risk management, as well as the content of our Annual Report.

The DMA considers two perspectives:

The impact perspective (inside-out), which means investigating the impacts of Corbion and its activities on the environment and people, including on human rights.
The financial perspective (outside-in) which means investigating the risks and opportunities that sustainability matters present to Corbion’s financial performance.

Our DMA is updated at least every five years, with a light review conducted each year.

Double materiality process

In 2023, we started our DMA in line with ESRS definitions and requirements. In 2024 and 2025, we conducted a light review of our DMA to integrate organizational input and reflect insights from stakeholders and ongoing assessments, including our due diligence process and the 2025 human rights saliency assessment. The double materiality process followed a four-step approach.

Context & Stakeholder Identification	Identify	Assess	Prioritize
Value chain analysis as a basis to identify impacts, risks, and opportunities	> 100 impacts, risks, and opportunities identified based on 22 sources, such as reporting standards (GRI, ESRS, SASB), ESG ratings, industry reports, and peer reviews	> 500 stakeholders surveyed to understand what matters the most to different stakeholder groups	External stakeholder interviews to validate outcomes
Stakeholder identification to map stakeholders as affected or as users of information	19 topics defined by categorizing impacts, risks, and opportunities and evaluating their position across the value chain	> 10 interviews conducted with internal/external experts to gain insights on impacts, risks, and opportunities across the value chain	Executive Committee session to sign off on the process and outcomes
		2 expert panels – impact and financial materiality separately – to validate the outcomes and scoring	Map material topics to applicable disclosures

For more information on the double materiality process and supporting information around the methodology (such as the scope of the assessment and the scoring), see Appendix 3: Additional information on our DMA approach (new window). The outcome of these steps was discussed with and validated by the Executive Committee, resulting in the final list of material topics and impacts, risks, and opportunities.

Our double materiality outcomes

			Value chain position	Impact		Financial		Link to full Impact, Risk, Opportunity (description in IRO table)
ESRS	Topic	Impact, risk, opportunity - topic	Value chain position	Positive/ negative	Actual/ potential	Opportunity/ risk	Time horizon
E1	Climate	GHG emissions*						Climate change
		Low-carbon solutions*						Climate change; Our sustainable solutions
		Carbon pricing						Climate change
		Impact on crop yield						Climate change
E3	Water	Water use						Water
		Water availability and quality						Water
E5	Circular economy	Circular solutions*						Our sustainable solutions
E4	Biodiversity	Agriculture driver of biodiversity loss*						Biodiversity
		Impact on crop yield						Biodiversity
		Alternatives to fish oil solutions*						Biodiversity; Our sustainable solutions
S1	Health and safety	Incidents						Health and safety
S2	Human rights in the supply chain	Poor working conditions, child/forced labor*						Human rights in the supply chain
S1	Human capital	Talent attraction, retention, and people development*						Human capital
S4	Consumer health and product safety	Solutions for food safety, nutrition, pharma, and biomaterials*						Consumer health and product safety; Our sustainable solutions
S4		Product contaminations*						Consumer health and product safety

* Impact, risks, and opportunities for which we have entity specific metrics in place in addition to the standard ESRS requirements.

The 2025 light review led us to expand on the potentially affected stakeholders reported under S2, workers in the supply chain, to also include non-agricultural workers.

These results of the DMA form the basis for Corbion’s 2025 Annual Report and Sustainability statements.