CSRD represents a transformative shift in sustainability reporting. Over 42,500 EU-based companies are now mandated to report on how sustainability issues influence corporate performance and how business activities impact society and the environment. This regulatory transformation is underpinned by the revolutionary concept of Double Materiality.
Double materiality embraces a twofold perspective on corporate sustainability. This principle requires that companies disclose information necessary to understand the following:
A > The impact the company has on environmental, social, and governance matters (an “inside-out” perspective or “impact materiality”); and
B > How does sustainability affect a company’s development, performance, and position in the market (an “outside-in” perspective or “financial materiality”)?
In our latest blog, Navigating Double Materiality: A Step-by-Step Guide to Kick-Off ESRS-compliant Reporting, we explore the concept of double materiality and what it means for companies.
Our blog is a comprehensive resource to help you understand Double Materiality, ESRS, and CSRD. We guide you on what you need to map, how to translate that into value chains, and how to engage with internal and external stakeholders. We emphasise the criticality of transparency and provide the necessary guidance on data collection and reporting to ensure compliance.
Read the blog here: https://lnkd.in/d52Wdbe8
If you’re a company planning for CSRD and want to discuss requirements and what they mean to your business, book a call here: https://lnkd.in/dcuR8yJv
#Sustainability #CSRD #ESRS #CorporateReporting #DoubleMateriality #Compliance #SustainabilityGoals
