Double Materiality Assessment – A Complete Solution

Double Materiality Assessment

Assess your double materiality with the Double Materiality Assessment Module and engage with your internal and external stakeholders. Extensive tools to determine your double materiality topics for your business in line with GRI and CSRD (European Regulation).

With the EU’s CSRD (Corporate Sustainability Reporting Directive) requirements soon coming into force, double materiality reporting is set to become mandatory for approximately 50,000 organizations.

Use ESG Playbook’s materiality assessment tool to identify the sustainability topics that matter most to your organization. Get a list of priority actions for each topic based on your maturity level.

Features

Engage with your stakeholders on ESG material topics

  • Perform double materiality assessments compliant with CSRD regulations

  • Improve risk management, annual reporting and Board oversight by incorporating material issues from 3,000+ ESG risk factors

  • Industry specific guidance

  • Ability to customize your own topics

  • Analyze your materiality assessment by stakeholder groups

  • Survey manager to track your progress

  • Climate Risk Scenario Analysis provided with 3rd party vendors to automatically map your risks and opportunities due to climate change

  • Extensive tools to assist with understanding and tracking your materiality with assurance and audit steps built in

  • Integrate with your policies and recommendations with the Goals module

Materiality Matrix Dashboard

What is Double Materiality?

What exactly does double materiality mean?

The double materiality concept has to do with the ESG-related information a company reports. Particularly, it involves expanding the scope of information that is considered ‘material’ or important.

With traditional materiality reporting, information is only considered material if it is related to factors impacting a company’s financial performance. When using double-materiality reporting, information relating to how a company impacts the world is also considered material.

Basically, double-materiality reporting involves reporting on ESG-related matters that affect a company’s well-being and reporting on how the company’s actions affect people and the environment.