CSRD introduces an innovative, critical element: the Double Materiality Assessment (DMA), a mandatory exercise for companies to identify which sustainability matters are most material to the organisation and its stakeholders by evaluating their impact on environmental and social factors (inside-...
Die CSRD folgt dem Prinzip der doppelten Wesentlichkeit („double materiality“). Das heißt, Betriebe müssen nicht nur den Einfluss ihrer Tätigkeit auf die Gesellschaft und die Umwelt ermitteln, sondern auch, wie sich externe Nachhaltigkeitsaspekte auf die wirtschaftliche Lage des ...
Explore the EU's new Corporate Sustainability Reporting Directive (CSRD) and the concept of double materiality.
Double-materiality assessments can be daunting for companies because it is new, even though the European Financial Reporting Advisory Group (EFRAG) hasrecently published guidance documentsto facilitate a consistent and comprehensive double-materiality assessment process. In practice, the exercise of assessing...
1. Double materiality assessment Adouble materiality assessmentshould be one of the first steps to determine the right data points and disclosures. This assessment is a structured framework that empowers you to discover the most critical ESG concerns. ...
The required approach for doing so is a “double materiality” assessment, which broadens the concept of materiality from a sole focus on financial materiality to one that includes a view of your impact on stakeholders and society. To make the determination of...
From double materiality analysis to ESG reporting, Intertek matter-subject experts will help you assess your corporate sustainability practices, identify any deficiencies/gaps you may have and provide you with a strategic action plan to ensure you are in compliance with the CSRD requirements. ...
While some may already be undertaking their double materiality and gap assessments, others may be focused on broader data preparation needs. Many midsize organisations, however, may not have a dedicated sustainability team. If they do, it may be smaller and more recently formed. Likewise, they ...
Furthermore, the CSRD requires management to report how their strategy and plans deal with each sustainability topic that they consider material (according to an expanded definition of materiality, which we explain below). For example, if executives at an apparel company identify water use as materi...
The present work is amongst the few that attempt to critically assess the maturity of Business Model (BM) and strategy disclosures of listed firms under the shadow of the new EU reporting directive, the Corporate Sustainability Reporting Directive (CSRD)