FY24 Impact Report
Basis of Reporting
1. Purpose
This section defines the basis of preparation for sustainability performance indicators selected for independent assurance.
2. Materiality Assessment
I n FY24, we carried out our first double materiality assessment ( DMA ). DMA expands the traditional understanding of
materiality in sustainability reporting by considering a company's impacts on people and the planet ( inside-out environmental
and social impacts ) and the external environmental and social factors that influence a company ( outside-in financial risks and
opportunities ). The DMA framework was introduced to recognize the reciprocal relationship between companies and their
external environment and acknowledge the fact that a company's sustainability performance and management of external
environmental and social risks can significantly affect its financial performance, reputation, and resilience. By embracing the
principle of double materiality, we believe we can better assess and disclose both our impacts on the external world and the
impacts of the external world on our operations. To progress our DMA, we evaluated the potential impact and relevance of
various environmental and social dimensions, using the European Sustainability Reporting Standards ( ESRS ). We also assessed
financial risks and opportunities associated with environmental and social factors that are relevant to our business. The results
of our DMA are summarized in the following tables.
2.1 Process for assessing inside-out environmental and social impacts
ssessment of our impact on the environment and society is an ongoing process that occurs throughout the year in
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collaboration with relevant stakeholder groups and experts. An overview of the key steps in the process is provided below.
T he first three steps in the process relate to the ongoing identification and assessment of impacts. As part of these steps, we
maintain a high-level overview of company activities and business relationships and we identify and assess our impacts on an
ongoing basis, over the course of the year and as part of day-to-day management of our operations and sustainability programs.
We work with industry experts and third-party consultants to model and understand the life-cycle impact of our activities and we
engage with relevant stakeholders, to ensure stakeholder views and insights are taken into account. We have an established
process for External Factors Review (EFR), which involves monitoring and analysis of publicly available data sources, good
practice standards and media reports, to understand current and evolving impact assessment techniques and third-party insights
on impact. We also engage with our key stakeholder groups in a variety of ways to gain insight into their perceptions (as
described further in our FY24 Stakeholder Engagement Report). We regularly review materiality assessments and impact studies
from third parties and peer companies, to identify emerging trends, stakeholder expectations, and material issues that have
been identified by peer companies in our sector or comparable sectors. A systematic review of learnings and new insights from
the reporting period is carried out towards the end of each financial year, when we review our material topics from the previous
reporting period to identify any changes that have occurred. This process helps us proactively identify areas where our impact
has evolved or new impacts have arisen and allows us the opportunity to adjust the scope and boundaries of our Impact Report
to reflect any such changes.
Logitech FY24 Impact Report - Basis of Reporting document
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Report finalized: 29 August 2024
2.1 Our process for assessing outside-in financial risks and opportunities
ur ERM process provides the Board, including its Audit Committee, with a comprehensive view of the risks facing our business.
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Logitech includes outside-in financial risks and opportunities in its multidisciplinary company-wide ERM process. This process
aims to identify and control risks to ensure positive business development, effective risk reporting, and legal compliance. Risks
