Stakeholder mapping: identification and prioritization of stakeholders.
What is stakeholder mapping?
Stakeholder mapping is a process that helps companies identify and prioritize their stakeholders. Stakeholders are interest groups that are affected by or can influence the company’s operations. Stakeholder mapping helps companies develop an effective stakeholder engagement strategy, ensuring that they meet the needs as well as expectations of all relevant stakeholders.
How does the cometis Stakeholder Mapping ToolTM work?
cometis provides a Stakeholder Mapping ToolTM for this process, which can help you to identify and subsequently prioritize your stakeholders. The tool is easy to use and allows you to perform a comprehensive and transparent analysis of your stakeholders and ensure that you adequately address their needs and expectations.
Our tool complies with the high standards of the Global Reporting Initiative (GRI), ISO 26000 and AccountAbility (AA1000SES). This means that it is based on best practices and proven methodologies to ensure that the stakeholder engagement process is as transparent, consistent and reliable as possible.
Benefits of the Stakeholder Mapping ToolTM.
With our tool, you can:
Create a comprehensive list of all relevant stakeholders.
Capture the importance of each group from different perspectives.
Conduct a comprehensive mapping and locate your stakeholders in the range of importance, degree of affectedness and influence.
Report your stakeholder mapping process and results transparently, and integrate this information into your sustainability reporting.
Carry out this process continuously according to the requirements as well as document and present changes in the assessment accordingly.
By using our tool, you can conduct a comprehensive and detailed analysis of your stakeholders as well as develop an effective stakeholder engagement strategy. This can help gain the trust and support of your stakeholders and strengthen your business relationships.
Why should companies conduct stakeholder mapping in the first place?
A stakeholder mapping is an essential part of a materiality analysis and helps companies identify their key stakeholders and understand their expectations and needs. Such mapping is recommended by various frameworks, such as the Global Reporting Initiative (GRI) or the Principles for Responsible Investment (PRI). By taking stakeholders’ needs and expectations into account, companies can align their business strategies and sustainability goals with their requirements and thus improve their performance. In addition, intensive stakeholder dialog can help build long-term business relationships with relevant stakeholders.
Contact us for help in identifying and prioritizing your stakeholders.
If you need help identifying and prioritizing your stakeholders, contact us. We’ll be happy to help you develop an effective stakeholder engagement strategy that aligns your business with the needs and expectations of all relevant stakeholders.