Double materiality assessment
Conducting double materiality assessments in a proven three-step approach
Understand your financial risks and opportunities
Building a resilient business in the light of rapidly changing environmental and social regulations is becoming ever more challenging.
Understanding your financial risks and opportunities related to these external factors is business critical – and is a formal requirement in international legislation and standards like the European Union (EU) Corporate Sustainability Reporting Directive (CSRD), the IFRS Sustainability Reporting Standards, the SEC Climate Related Disclosures and various financial market related requests.
The LRQA Double Materiality Analysis provides you with in-depth insights into the impacts your undertaking has on the environment and people and expands this by adding the financial risk and opportunities perspective.
Double materiality approach
A double materiality analysis is conducted in a proven three-step approach in line with current CSRD/ESRS requirements and the EFRAG implementation guidance encompassing stakeholder expectations and industry standards.
Our evaluation methodology has been used and tested on companies of different sizes, across geographies and industries and has successfully undergone external assurance.
We deliver documentation with key findings, process description and considerations on applied methodology as well as detailed data-sheets on the identified IROs
Value chain mapping
- Identification of impacts, risks, and opportunities
- Including biodiversity, water, renewables, sustainability, and global regulations
Assessment
- Via an impact and financial materiality perspective
- Using a unique combination of qualitative and quantitative data
Decision
- Decision on material topics and mapping to disclosure standards
- Across impact and financial materiality
Why partner with us?
Aligned with evolving requirements
We update our methodology on a regular basis ensuring alignment with legislation & industry standards.
Tested and refined
Our methodology has been applied with hundreds of companies across geographies and industries for years.
Based on end-to-end expertise
Our evaluation is based on decades of experience not only assessing current states, but also designing and implementing long term programs.
We speak your language
We provide pragmatic, sensible and resource effective solutions and recommendations that can be implemented and scaled.
We are efficient and action orientated
We know what to look for, so it takes less time and effort for you and your teams to get the insight you need.
Related solutions
Explore our Consulting Services portfolio and find out how we can partner with you to solve ESG challenges
