Double materiality assessment in sustainability reporting under CSRD and ESRS – A guide

The concept of double materiality and the associated materiality assessment are fundamentally important for preparing a sustainability report in accordance with the requirements of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). Accordingly, a sustainability report contains both information about the material financial opportunities and risks that a company is exposed to in connection with sustainability topics, as well as information about the material impacts that the company's business activities have on people and the environment. Consequently, the scope of a sustainability report is determined to a considerable extent by the results of the materiality assessment.

This whitepaper provides a structured guide that can support companies of any size and industry in implementing the materiality assessment and developing standardized process workflows.