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Identify Relevant Stakeholders

Stakeholder mapping defines who participates in your assessment and how their input is structured. Karomia organizes participants into stakeholder groups (SGs) — each group represents a distinct category of stakeholders whose perspective is collected and weighted together.

Default stakeholder groups​

Your assessment starts with five default stakeholder groups that cover the most common stakeholder categories required by EFRAG methodology. You can rename, adjust, or add to these groups based on your organization's context.

Deciding when to split a group​

Create separate stakeholder groups when participants have meaningfully different:

  • Feedback — Different groups are likely to have different views on the same topics.
  • Expertise — Different groups have different levels of knowledge about specific IROs.
  • Weighting — You want to give different groups different levels of influence over the results.

If two sets of stakeholders share similar perspectives and expertise, they can be combined into one group.

Configuring each stakeholder group​

For each group, define:

  • Materiality focus — Whether this group's input applies to impact materiality, financial materiality, or both.
  • Population size — The total number of stakeholders in this group. This affects how the group's responses are weighted relative to its population.

AI desk research​

Karomia can run an AI desk research scan to help you identify stakeholder groups you may have overlooked. This optional step uses your business activities and sector context to suggest additional groups worth considering.

tip

EFRAG guidance requires that you demonstrate you have considered a broad range of stakeholders, including those affected by your impacts and those with a financial interest in your organization. Document your reasoning for including or excluding specific groups.