The assessment helps a company identify which sustainability topics are material by considering both the company’s impact on the environment and society, and the risks and opportunities related to these topics that may affect the business.
A double materiality assessment helps clarify what is truly relevant for the company and avoid collecting unnecessary information. It helps link sustainability topics with the company’s business model, business context, decision-making and information provided to partners or other stakeholders.
Service information
How does the process work?
The company completes a questionnaire that helps collect initial information about its activities, business model and the data it already has. Based on this material, we prepare a preliminary description of the impacts, risks and opportunities related to the company’s activities.
We then discuss this basis together with the company, refine and adjust it, and carry out the materiality assessment. We provide the assessment methodology used and help ensure that the process is clear and consistent.
Throughout the process, we work together with the company by organising discussions, involving employees and, if needed, delivering training.
If relevant, the scope of the service may also include value chain mapping and stakeholder surveys.
What is the outcome?
The outcome of the service is a clearly defined set of sustainability topics that are material to the company, together with a well-reasoned assessment logic.
After the assessment, the company has a better understanding of which topics are most important, what impacts, risks and opportunities are related to them, what needs to be monitored and managed, and how these topics can be linked to its activities, decisions and reporting.
A double materiality assessment can serve as a basis for sustainability strategy, KPI development, reporting or further preparation for providing information to partners, clients or financiers.
Who is this service relevant for?
This service is relevant for companies that want to systematically identify the most important sustainability topics and link them with their activities, decisions and next steps. It is especially useful when more clarity and structure are needed in managing material impacts, risks and opportunities.