Materiality Assessment
Our tailored process will effectively identify and prioritise your ESG issues, aligning them with your strategic objectives.
How do you Assess Materiality?
Not all ESG issues have the same impact. This means that knowing which ESG issues to prioritise is crucial. A materiality assessment evaluates the relative importance of different issues.
This will establish your business case for choosing to set strategic targets and actions in specific key areas, whilst also clarifying less urgent issues.
Types of Materiality Assessments
We conduct both types of assessments to provide a comprehensive understanding of your ESG priorities.
- Traditional Materiality Assessment: This assessment appraises issues through two lenses: the importance of an ESG issue to the business – and its significance to stakeholders.
- Double Materiality Assessment: This assessment evaluates issues based on their potential impact. It analyses the impact of the issue on the business’s financial performance, as well as the business’s potential impact on a specific ESG issue.
Our Materiality Assessment Process
Our approach is fully customised to your business. Based on the type of materiality assessment requested (and the position of the stakeholders involved) you can expect it to follow these steps:
- Identification of ESG Issues: We start by identifying relevant environmental, social, and governance issues pertinent to your business.
- Stakeholder Engagement: We engage with all stakeholders to understand their personal perspectives, impacts, and priorities regarding your business operations.
- Collective Evaluation: We combine these individual viewpoints to form a comprehensive evaluation of the ESG issues important to your company.
- Materiality Matrix Production: We then produce and communicate a materiality matrix that clearly and visually displays the relative importance of various ESG issues.
Case Studies
We are proud of our record – take a look at what we’ve achieved:
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