What are the benefits and challenges of using external frameworks or standards for materiality reporting?
Materiality reporting is a key aspect of corporate sustainability, as it helps companies identify and communicate the most relevant environmental, social and governance (ESG) issues for their business and stakeholders. However, choosing the right framework or standard to guide the materiality assessment and disclosure can be challenging, as there are many options available, each with its own scope, criteria and indicators. In this article, we will explore the benefits and challenges of using external frameworks or standards for materiality reporting, and provide some tips on how to select and apply them effectively.