Why should you attend?
Double materiality is an upcoming legal requirement in the European Union under the Corporate Sustainability Reporting Directive (CSRD). Currently, there is limited guidance on how to execute a double materiality assessment and there are few examples and best practices on the topic. This training will provide you with the theoretical background as well as the pratical guidance to set up your organization's double materiality methodology and process.
What is double materiality?
Double materiality means looking at materiality from two perspectives:
1. Financial perspective:
Looking at the risks and opportunities that Environmental, Social and Governance (ESG) topics bring to company’s performance.
2. Impact perspective:
Looking at the impact the company and its activities and products have on the economy, the environment and people, including human rights.
Learning outcomes of the masterclass
At the end of the training, you’ll have:
- A clear understanding of double materiality in relation to legislation and various reporting frameworks and standards
- A detailed understanding of the steps in a double materiality process and when and how to involve stakeholders
- A practical handbook to design and execute a double materiality assessment and to integrate the process across other departments such as Risk and Strategy