About this report
Reporting standards
With this report, we provide insight into the activities, sustainability strategy, and financial performance of HFBG Holding B.V. The report covers the calendar year 2024 and was published on 22 July 2025. For the non-financial information in the Sustainability Policy section, we continue to apply the GRI Standards 2021 as our primary reporting framework. In addition, we have taken further steps toward alignment with the European Sustainability Reporting Standards (ESRS), in preparation for full CSRD compliance.
HeadFirst Group remains committed to the Science Based Targets initiative (SBTi). Our science-based ‘near-term target’, set in 2022, contributes to the global ambition to limit warming to well below 2°C.
Scope of the report
This report covers HeadFirst Group, including all consolidated entities. Both financial and non-financial results relate to these entities and cover the period from 1 January through 31 December 2024, unless stated otherwise.
Materiality analysis
In 2024, we continued taking significant steps towards compliance with the Corporate Sustainability Reporting Directive (CSRD). We did not introduce new material topics this year, as we have redesigned our materiality assessment process in collaboration with the ESG platform Master Sustainability Today. Tailored stakeholder surveys have been developed and distributed through this platform, with the process scheduled for completion by summer 2025.
An updated and potentially recalibrated list of material topics—aligned with the ESRS—will be presented in our 2026 Annual Report (covering the year 2025).
In the meantime, we continue to report on the nine material topics identified through our 2023 double materiality assessment. These material topics were approved by the Board and remain valid for the reporting year 2024:
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Climate change / Climate adaptation / Energy
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Secure employment (own workforce)
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Training and skills development (own workforce)
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Equal employment conditions (professionals in the chain)
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Full support on compliance issues (customers)
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Diversity (own workforce)
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Gender equality and equal pay for equal work (own workforce)
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Political engagement
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Data protection, privacy, and cybersecurity
By distinguishing between our own workforce, professionals in the chain, and customers under the Social domain, we are better positioned to report on our impact across the value chain.
Value creation
Our value creation model illustrates how we transform input capitals into outputs and outcomes per material topic—generating value for people, the environment, and society. In 2024, we refined how we connect these impacts to the associated risks and opportunities across our operations.
Assurance
Our financial statements are covered by an auditor’s opinion. The non-financial information has been internally reviewed and validated. In preparation for CSRD, we are strengthening our data governance, traceability, and documentation processes to enable limited assurance of sustainability disclosures in future reporting cycles.