Double Materiality: Challenges & Solutions

Conducting a double materiality assessment can be a tricky venture. To share our experience and help people get going, we hosted a series of online roundtables earlier this year to discuss double materiality and CSRD questions - which were joined by more than 130 professionals.

In our feature article today, we summarise the most pressing challenges and answers. A key aspect which was hotly debated, is stakeholder engagement, on which you'll find a separate article below. In addition, we also offer practical advice for dealing with the "reporting trap" through a streamlined approach to reporting and ESG benchmarking efforts.

Good to know: this is the last newsletter you will receive from Finch & Beak as we will complete our integration in SLR Consulting by June. You'll continue to hear from us as part of SLR’s ESG Strategic Advisory team in Europe, supported by our 3,500+ colleagues across the globe. Together, we're #MakingSustainabilityHappen. Wishing you a great day!

Most Asked Questions (and Answers) on Double Materiality and CSRD
Outcomes of online roundtables with more than 130 ESG professionals
In the ever-evolving landscape of sustainability reporting, double materiality has emerged as a critical concept, challenging organisations to consider materiality from both the impact as well as financial perspective. As businesses navigate this paradigm shift, Finch & Beak hosted six online roundtable sessions in February and March 2024 to answer the most frequently asked questions on the topic, shedding light on key insights and practical applications. In this article, we summarise the 16 most discussed challenges - with practical answers.
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The Power of People: Stakeholder Engagement in Double Materiality
 
How to increase impact from engaging with your company's stakeholders
Unlocking the potential of double materiality assessments centres on effective stakeholder engagement, however navigating this is not always easy. From stakeholder selection and designing tailored engagement methods to avoiding biases and ensuring...
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Three Key Tactics for Overcoming the Reporting Trap
 
Streamlining actions and disclosures for CSRD compliance and ESG ratings
As the clock is ticking towards the implementation deadline for reporting regulations such as the CSRD, this article explores which tools are already in place that companies can utilise to prepare. A top trick to turn to ESG benchmarking which can in...
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Featured event

SLR Webinar: CDP Disclosure in 2024
WEDNESDAY 19 JUNE 2024
As the CDP reporting period is fast approaching, SLR (a CDP-accredited partner) will explain what’s changed this year and offer tips on how to compile and improve your response.
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