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-...
Score the matters— Many more sophisticated companies will have a solid understanding of most financial material matters. CSRD requires companies to similarly assess the materiality of matters from an impact perspective, which considers the severity and likelihood of a company’s impacts on society and...
As the compliance deadline for theEU’s Corporate Sustainability Reporting Directive (CSRD)rapidly approaches, businesses across Europe are under increasing pressure to integrate a crucial component in their reporting: the Double Materiality Assessment (DMA). But what exactly does the required double ma...
Explore the EU's new Corporate Sustainability Reporting Directive (CSRD) and the concept of double materiality.
LRQA’s double materiality assessment and analysis provides insights into your environmental and social impacts, along with financial risks and opportunities.
More particularly, the analysis focusses on the materiality assessment of the impacts of corporate actions, the challenges involved in such determination, and the associated legal risks. Challenges examined include the legal risk in the company-stakeholders engagement process, the accuracy and ...
Therefore, let’s now take a deeper look into the assessment of double materiality. What is a double materiality assessment? Conducting a double materiality assessment is the critical first step in achieving CSRD compliance. This process enables companies within scope to identify the specific ...
In 2023, Givaudan conducted its first-ever double materiality assessment, a comprehensive framework used to evaluate and disclose its environmental, social, and governance (ESG) impacts and risks. This assessment goes beyond traditional approaches by considering both outward-looking impacts on the environ...
LRQA’s double materiality assessment and analysis provides insights into your environmental and social impacts, along with financial risks and opportunities.
Therefore, let’s now take a deeper look into the assessment of double materiality. What is a double materiality assessment? Conducting a double materiality assessment is the critical first step in achieving CSRD compliance. This process enables companies within scope to identify the specific ...