The SASB framework is undoubtedly useful for ESG risk analyses and for helping companies decide which information is most helpful in making financially related decisions and what information companies should disclose. However, in our view, the definition used by Unilever, one of the highest-ranking companies on ESG metrics, is more constructive to inform how companies and investors should be thinking about materiality: "An issue is material to Unilever if it meets two conditions. Firstly, it impacts our business significantly in terms of growth, cost, or risk. And secondly, it is important to our stakeholders – such as investors, society (citizens, NGOs, governments), consumers, customers (retailers), suppliers, and our employees – and they expect us to take action on the issue. In determining if an issue is material, we consider our impacts across the value chain".