Materiality Matrix PLUS

Provided by: Sustainable Business Alliance

Description

The SBA Materiality Matrix Plus is a simple tool that generates a double materiality matrix based on the results of an impact materiality assessment and a financial materiality assessment. The tool uses the Environmental, Social and Governance (ESG) topics that are outlined in the SBA Reporting Framework. The tool is based on double matertiality requirements of the European Sustainability Reporting Standards (ESRS) which is part of the European Union's Corporate Sustainability Reporting Directive (CSRD).

This tool is designed for organisations to identify and assess the significance of various environmental, social, and governance (ESG) issues from both a financial impact perspective (financial materiality) and their impact on society and the environment (impact materiality). This dual approach ensures a comprehensive understanding of materiality, helping organisations prioritise ESG issues that are most significant to their business and stakeholders. The matrix facilitates strategic planning, risk management, and reporting by visualizing the relative importance of different ESG factors, promoting transparency and accountability in sustainable business practices.

If you are looking for help to complete the Impact and Financial Materiality assessments, you can sign up for our full diagnostic and materiality assessment here.

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