Double materiality, in essence, reflects the new practical nature of sustainability reporting and the recognition that impact, and financial reporting are interconnected and that reporting ideally should …

Feb 22, 2022 · The basis of this overarching system has to be double materiality. That is the only way to achieve the comparable and effective reporting needed to drive corporate accountability.” The GRI …

The double-materiality concept as ‘guiding principle’ in the GRI Standards From climate change and biodiversity loss, to growing inequality, modern slavery, and scarcity of resources, our society and …

Financial materiality and impact materiality together under the umbrella of ‘double materiality’ are the only relevant forms of materiality, with both perspectives needed in a two-pillar structure - for …

Double Materiality Assessment under the ESRS (2025) Double materiality is at the heart of the ESRS and the CSRD. It requires organizations to assess both their impacts on society and the environment …

materiality.’ They will also have to gauge how sustainability issues, in turn, affect their bottom-line or ‘sustainability-related financial materiality.’ This will help make economic activity more ethical and clea

They provide crucial input for identifying financial risks and opportunities related to the organization’s impacts, and for financial valuation. This in turn helps in making financial materiality judgments about …

Of course, there will still be some differences between GRI’s impact-focused global standards and the double materiality focused EU standards as prescribed by the CSRD.

Each of these standards has a different but related focus: GRI addresses the impacts of an organization on the economy, environment and people (impact materiality), the ISSB focuses on risks and …

Feb 20, 2025 · In a letter to the European Commission by GRI’s newly appointed CEO Robin Hodess, she outlines that double materiality strengthens Europe’s competitiveness and delivers the decision …