Comprehensive Double Materiality Assessment
Terra ESG Platform’s Double Materiality Assessment module empowers organisations to identify material impacts, risks, and opportunities related to ESG topics. This CSRD double materiality capability is foundational to sustainability reporting, helping companies align with the Corporate Sustainability Reporting Directive (CSRD) and prioritise issues effectively.
Key Benefits
Efficient Stakeholder Engagement: Identify and actively engage key stakeholders, facilitating collaboration among internal and external parties through our double materiality ESG workflows and digital tools.
Enhanced IRO Analysis: Streamline the process with comprehensive coverage of impacts, risks, and opportunities (IROs). The double materiality assessment approach ensures all critical ESG areas are captured.
Improved Accuracy: Standardise and automate the scoring of IROs to ensure accuracy and consistency. This CSRD materiality assessment feature enables objective prioritisation and clear audit trails.
Increased Efficiency: Use the Double Materiality Matrix to focus on the most relevant issues, optimise resource allocation, and prepare efficiently for ESG double materiality reporting.
Key Features
Stakeholder Identification
Identify internal and external stakeholders, categorising them into structured groups to effectively manage engagement processes that underpin the double materiality assessment.
Stakeholder Engagement
Engage stakeholders using tailored methods, such as surveys and digital feedback forms, to collect high-quality insights for the double materiality CSRD process.
Topics Analysis and IRO Identification
Analyse ESG topics to identify actual and potential impacts, risks, and opportunities, ensuring full alignment with CSRD double materiality requirements.
Automated Topic and IRO Scoring
Utilise a built-in scoring mechanism aligned with EFRAG methodology to score and prioritise topics and IROs automatically. This automation supports a consistent double materiality assessment across departments.
Double Materiality Matrix
Visualise the outcomes in an intuitive matrix format. The Double Materiality Matrix clearly highlights high-priority issues for reporting, ensuring that your double materiality ESG evaluation is both transparent and actionable..
Double Materiality Matrix
Stakeholder Engagement
Streamline Your Double Materiality Assessment Process
Book a live demo to see how Terra Reporting’s Double Materiality Assessment module can strengthen your sustainability strategy and simplify CSRD materiality assessment requirements under the Corporate Sustainability Reporting Directive.