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- Double Materiality Assessment under the ESRS (2025)
Double Materiality Assessment under the ESRS (2025) Double materiality is at the heart of the ESRS and the CSRD It requires organizations to assess both their impacts on society and the environment and how sustainability issues affect their business
- GRI - Understanding materiality can unlock accountability
The basis of this overarching system has to be double materiality That is the only way to achieve the comparable and effective reporting needed to drive corporate accountability ” The GRI Perspective is a regular series, launched in January 2022, that dives under the surface of topical themes in the world of sustainability reporting
- Double materiality. The guiding principle for sustainability reporting
Double materiality, in essence, reflects the new practical nature of sustainability reporting and the recognition that impact, and financial reporting are interconnected and that reporting ideally should be one holistic process For more information on taking this approach, please contact policy@globalreporting org
- The double-materiality concept - Global Reporting Initiative
The double-materiality concept as ‘guiding principle’ in the GRI Standards From climate change and biodiversity loss, to growing inequality, modern slavery, and scarcity of resources, our society and planet face the most significant challenges of all times The task of building a sustainable future is a shared responsibility for us all By doing business in a way that aligns long-term
- The materiality madness: why definitions matter
Financial materiality and impact materiality together under the umbrella of ‘double materiality’ are the only relevant forms of materiality, with both perspectives needed in a two-pillar structure - for financial and sustainability reporting - with a core set of common disclosures and each pillar on an equal footing
- CSRD ESSENTIALS - Global Reporting Initiative
materiality ’ They will also have to gauge how sustainability issues, in turn, affect their bottom-line or ‘sustainability-related financial materiality ’ This will help make economic activity more ethical and clea
- Impact materiality: a pre-condition for financial resilience
Embracing impact materiality is a necessity for measuring financial resilience According to Peter Paul, disclosing corporate sustainability impacts is becoming essential to financial decision-making
- Global Reporting Initiative
They provide crucial input for identifying financial risks and opportunities related to the organization’s impacts, and for financial valuation This in turn helps in making financial materiality judgments about what to recognize in financial statements
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