Services

Double Materiality Assessment

All companies subject to the EU’s sustainability reporting directive must first carry out a double materiality assessment - even after the omnibus.

The purpose is to create a structured understanding of how the company, on the one hand, impacts sustainability topics such as climate and biodiversity, and on the other hand, how the company’s economy (risks and opportunities) is affected by those very same sustainability topics .

Once the analysis has been completed and the material impacts, risks and opportunities have been identified, it forms the foundation for the scope of sustainability reporting.

However, the double materiality assessment is much more than just a tool to delimit reporting; it also encompasses important areas such as stakeholder analysis, business strategy, risks, and opportunities, and it often forms the basis for a revised business strategy and roadmap for transition to a more resiliant and longterm sustainable company.

Our approach

We start by aligning expectations and understanding the purpose for the assessment. The process can be simple and swift as an initial indication or deep and thorough with full documentation as a basis for prioritization and communication.

I can guide your through the process, assist you in special areas or complete it all by myself. Lets discuss what you need.

We can use tools that you have already chosen, help you find appropriate tools or use the ones that I have developed. I'm agnotic with respect to tooling, the result and business impact is what is important.

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The process

I start with a kick-off meeting where we go through the process, and where we agree on the scope and who is responsible for what.

My adapted version of EFRAG’s process has been built into my project tool, so I can ensure full transparency on approach and status.

The typical flow:

Document the basics, including value chain analysis
Stakeholder analysis
Identification of impacts
Risk workshop
Workshop on business opportunities
Preparation of the analysis and documentation, or coaching you through it
Management workshop based on the analysis
Presentation of results and findings
Recommendations for the next steps

Tools - ESRS/VSME Universe™

Comprehensive support for double materiality (ESRS)

You are guided through the process from Double Materiality to reporting:

Mapping and impacts from the value chain
Questionnaire for stakeholders
Collection of data from stakeholders
Work with IROs, with input from the value chain and stakeholders
Impact scoring, supported by a scoring model
Financial scoring, supported by a scoring model
Double Materiality diagram, where topics can be identified as material
Automatic Double Materiality report
Option to provide feedback to stakeholders
Generation of CSRD datapoints to be reported, based on our analysis
Datapoints for disclosure based on the Double Materiality assessment
Datapoint delegation and followup
Handling of fiscal years

Overview with the value chain

With a mapping of the value chain, you have a starting point for dialogue about what happens in the individual process steps.

valuechain

Automatically get an overview of the completion status of your value chain:

valuechain-status

Get an overview of the impact your value chain has on sustainability topics:

valuechain-impacts

Will be included in the DMA report

Generer med AI

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360° stakeholder insights

Through interviews or surveys, you gain valuable insights from your stakeholders across the entire value chain. Decide who to include and get aha-moments that you can take business action on.

stakeholder-status

Get quick insights into your stakeholders’ background:

stakeholder-background

and the distribution of responses in relation to sustainability topics:

stakeholder-answers

Du kan lave den dybdeborende analyse ved at eksportere svar og/eller anvende vores AI-model.

Import/Export

Questionnaire

AI støttet analyse

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Analyze Impacs, Find Risks and Oportunities (IRO)

In your IRO analysis, you can directly use input from your value chain and stakeholder analysis. In addition, you can work on creating the longlist yourself and score each item.

If you need help, our AI model can assist you with IROs based on your activities across different industries, as well as generate concrete suggestions for risks and business opportunities based on the identified impacts.