Double materiality assessment
About the data
A materiality assessment helps companies to identify which data is relevant or significant to include in their reporting. It typically considers their impacts, risks and opportunities from a particular viewpoint.
Double materiality refers to the concept that a company's non-financial reporting should consider two perspectives:
- Financial materiality - the impact of sustainability issues on the company’s financial performance
- Impact materiality - the company's impact on the environment and society
In other words, double materiality combines the inward perspective (how external factors impact the company) and the outward perspective (how the company impacts its surroundings).
Methodology
To determine if the company has conducted a double materiality assessment, use keyword searches such as:
- Double materiality
- DMA
- IRO-1
If the company only mentions a materiality assessment but does not specify that it is a double materiality assessment, select 'No'.
If the company mentions the concept of double materiality but does not specifically state it has done an assessment to inform its reporting, select 'No'.
Add in the comments the page number where you found the relevant information for the answer you selected.