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
Corporate Sustainability Reporting Directive (CSRD)
We provide comprehensive end-to-end support to help organisations meet the requirements of the Corporate Sustainability Reporting Directive (CSRD). Our end-to-end approach supports every stage of your CSRD journey—from understanding new requirements to delivering actionable insights and verified reporting, to closing your performance gaps. Our approach doesn’t only address compliance but also enhances strategic resilience and reputational value, enabling businesses to unlock sustainable growth. Visit our CSRD page to learn more about how we can empower you to meet evolving ESG reporting requirements.
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