Stakeholder materiality is a method companies use to prioritize the relevance of the stakeholders and their issues.

Question

Quizplus · Accepted Answer

This statement is true. Stakeholder materiality is a process where companies evaluate and prioritize stakeholder groups and their concerns to determine which are most significant or material to the company's operations and stakeholders. This helps the company allocate resources efficiently and effectively, ensuring they focus on the issues that matter most to their stakeholders.

Stakeholder Materiality Is a Method Companies Use to Prioritize the Relevance