Symantec regularly identifies and prioritizes its most material issues, or those of high importance to both stakeholders and the company. These issues are deeply relevant to our ability to succeed and are addressed in our internal strategic priorities, corporate responsibility approach, and stakeholder communications.
Symantec conducted its first materiality analysis in preparation for the company’s FY08 corporate responsibility report. We have since worked to refine and update our materiality analysis with the ongoing stakeholder feedback we receive as well as our own internal assessments of rising trends, regulatory issues, environmental and societal concerns, and overall business risks and opportunities. Our most recent analysis was performed as part of the development of the FY12 CR report, with the resulting materiality matrix shown below.
We conduct our materiality analyses by compiling information regarding topics of potential interest from various source documents such as customer RFPs, investor information requests, media coverage, peer reports, industry and trade association documents, and internal and external surveys as well as direct stakeholder interviews. We score and rank the topics based on these evaluations, and further refine the placement of topics on the matrix through internal discussions and deliberations with corporate responsibility team members and company managers and executives.
Issues falling into the upper right-hand corner of the materiality matrix are the most significant topics for both stakeholders and Symantec.
Related Business Objective
||Cultivate high levels of engagement and loyalty and provide opportunities for personal and professional growth.
||Develop and maintain a skilled, diverse, and talented global workforce.
||Minimize our environmental footprint and associated costs and risks.
||Maintain high customer confidence in our software and services.
||Build strong relationships that enable us to have a positive social impact and track our progress on key issues.