2026 Double Materiality Assessment
Executive Summary · Prepared by Junxion · August 6, 2026
Executive Summary · Prepared by Junxion · August 6, 2026
In order to meet B Corp requirement PSG 2.3, Junxion recommends that the Board of Directors formally: (a) receives and records its review of the process and outcomes of the materiality assessment described in this report, (b) approves the list of material environmental topics and salient human rights issues, and (c) confirms that these topics will guide Riverside's impact management, risk oversight, and reporting going forward. A signed minute or resolution to this effect will provide clear documentary evidence for B Corp requirement PSG 2.3 for governing body oversight and sign-off.
The purpose of this report is to provide the Board of Directors with an overview of Riverside's materiality assessment, so they can demonstrate oversight of how the company manages its most salient social and environmental issues in line with B Lab's standards. It describes the full process, evidence base, and outcomes of the double materiality assessment conducted for Riverside Natural Foods, including Riverside Natural Foods Pet. This executive summary will serve as formal evidence that the governing body has been engaged in the materiality outcomes required for B Corp certification, aligned with the high standards of the European Sustainability Reporting Standards (ESRS).
The assessment covered Riverside Natural Foods Ltd (herein referred to as “Riverside”) and applied a double materiality framework, evaluating both impact materiality (the significance of Riverside's actual and potential impacts on people and the environment across the full value chain), and financial materiality (the significance of sustainability issues for Riverside's own business performance, resilience, and long-term strategy).
The methodology was comprised of seven activities and applied between March and June 2026: stakeholder mapping; ESRS long-list screening; eighteen structured stakeholder interviews; discovery synthesis cross-checked against external research and internal reference materials; assessment of salient human rights issues and topic severity and likelihood; validation of financial materiality with Riverside's finance and risk teams; and final validation of material topics with select Senior Leaders. All individual interview contributions are anonymized; stakeholder roles and categories are referenced throughout.
The assessment identified nine shortlisted topics, of which seven are prioritized for strategic action and two are designated for monitoring. The seven priority topics are:
Two further topics, “Workforce Wellbeing & Engagement/Development”, and “Justice, Equity, Diversity & Inclusion (JEDI) and Reconciliation”, are also material but of lower severity and have been designated as topics to monitor at this time.
These topics reflect both actual and potential impacts across Riverside's operations and full value chain (e.g. upstream agricultural emissions, plastic packaging pollution, human rights in value chains, and worker wellbeing), and provide the foundation for Riverside's impact management, B Corp implementation, and future sustainability reporting.
The materiality outcomes are grounded in structured engagement with internal and external stakeholders, including management, workers, and selected partners, supplemented by internal reference data and prior commitments.
Oversight and accountability for ongoing management of the material environmental topics and human rights issues identified in the assessment sits with the Management Team.
The material topics identified are being embedded into Riverside's impact management framework and will inform future strategic planning, sustainability disclosures and B Corp recertification planning. This creates a direct line of sight between the Board of Directors' oversight of material issues and the specific goals, KPIs, and targets that will deliver and measure progress and be reported to stakeholders. The next full materiality assessment is due no later than June 2029, in line with the required 36-month cycle.