How to conduct a double materiality assessment for CSRD

The Corporate Sustainability Reporting Directive (CSRD) has made it mandatory for organisations to complete a double materiality assessment. Consequently, organisations are grappling with how best to assess their financial and non-financial impact on society and the environment. This document closely follows the process recommended by the European Financial Reporting Advisory Group (EFRAG) in completing a double materiality assessment for CSRD reporting. KEY ESG has participated in the EFRAG CSRD field test which has furthered our understanding in the practical application of EFRAG’s double materiality guidance. Xynteo, the sustainability advisory firm, helps its clients to implement and derive value from their double materiality processes. This four-stage guide synthesizes the knowledge of both parties. Companies can use this guide to complete their double materiality assessment for CSRD compliance as well as for their general ESG management.

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