The word with M - How 'Materiality' has overwhelmed us all
SustainAbility School #47
By attending this webinar, you will learn about:
Understanding Materiality in Sustainability: Materiality is central to sustainability and ESG (Environmental, Social, Governance) reporting. The term has expanded in meaning, with definitions such as financial materiality, impact materiality, and double materiality, each focusing on different aspects of a company's influence and value;
The Evolution of Materiality Concepts: Financial materiality has traditionally focused on issues affecting a company's financial health. Impact materiality examines how a company's activities affect society and the environment, while double materiality integrates both financial and impact considerations, relevant for comprehensive sustainability reporting;
Challenges with Materiality: The presentation discusses the complexity and confusion surrounding materiality due to varying definitions, conflicting standards, and lack of consistent methodologies, which can make the process challenging for organizations aiming for transparent reporting;
Simplifying Materiality for Organizations: Tips for clarifying and assessing materiality include focusing on topics that significantly impact economic, environmental, and social factors. The process involves analyzing trends, consulting with stakeholders, and understanding the unique context of the organization;
Practical Steps for Materiality Assessment: Using frameworks like GRI (Global Reporting Initiative) and ESRS (European Sustainability Reporting Standards), the presentation outlines a step-by-step approach to determining what matters most to a company and its stakeholders, aiming for standardized methods and process assurance in the future;
SustainAbility School este un program de educație dedicat exclusiv angajaților din organizațiile membre ale Ambasadei Sustenabilității în România prin programul Coaliția România Sustenabilă.