Double materiality is the approach through which companies need to identify their most material ESG impacts as well as the risks and opportunities that the environment, people and governance issues pose on their financial performance. It will dictate the topical disclosures companies will need to report on to meet with the requirements in the Corporate Sustainability Reporting Directive (CSRD).
On June 19th 2023, Enact held a webinar session where we went through the key components of double materiality according to the European Sustainability Reporting Standards (ESRS). We looked at both impact and financial materiality and presented an overview of the reporting requirements in ESRS. We also discussed the importance of this analysis and the role of stakeholders in it.
In case you missed the live webinar, you can watch the recording below:
Want to know more about how the directive will impact you? Or perhaps you need some support with conducting a double materiality assessment? Get in touch with either Anamaria or Renée at email@example.com and firstname.lastname@example.org.