The Concept of Materiality in Sustainability: Definition and Importance for Businesse

materiality

In the evolving landscape of sustainability reporting, the concept of materiality takes on a central role to ensure transparency and accountability. Materiality allows companies to identify and disclose the most relevant information regarding their impact on the environment, society and their financial sustainability. The Corporate Sustainability Reporting Directive (CSRD) introduced the concept of double materiality, […]

4 Steps of Materiality Assessment According to EFRAG Guidelines

Materiality Assessment

Materiality assessment is a critical tool for corporate sustainability reporting, as it allows you to identify significant impacts, risks, and opportunities (IROs) for an organization. Following the framework proposed by the European Financial Reporting Advisory Group (EFRAG) in the ESRS guidelines, the process is divided into four main phases: Step A: Understanding the context, Step […]