On-demand
Organisations are busy with double materiality assessments to identify impact, risk and opportunities (IRO). To get a better understanding of this important concept, this webinar will cover:
1. How GRI looks at Double Materiality
2. What are the benefits of already having done a GRI-aligned DMA
3. What does CSRD / ESRS ask you to do additionally
4. How to bridge the difference in approach between the two standards
Below you can find some of the questions addressed during the Q&A:
- GRI is indeed a global standard and CSRD/ESRS an EU standard. If a company has locations outside the EU, for example India, should it also include those locations according to CSRD?
- Who can complete assurance? Is there a set list of companies you have to use, or can it be any external company that supports assurance at your company who supports ESG audits?
- How many surveys with external stakeholders should be conducted in order to be compliant with CSRD?
- How much external stakeholder engagement is required (minimum level of responses required) to build on the materiality and what if external stakeholders don’t want to engage?
- Are there any useful stakeholder engagement templates or examples available to see how they have been conducted and what formats have been used?
- You explained your approach quite well and emphasized the quantitative side of it. Based on the roadmap from the Dutch sector association of accountants, a quantitative analysis is not necessary. How would you approach a qualitative approach to the materiality assessment, and have you applied this with clients?
- Could you discuss a bit on how companies should disclose their methodology when it comes to the weighting of different material aspects as part of the double materiality assessment? Are there any guidelines explaining if you should give a high or low weight to aspects regarding, for example, climate change adaptation?
- Since GRI and CSRD are aligned, what recommendation would you give to companies that currently report according to GRI standards? Shall they keep publishing the index?
- Since the CSRD only applies to the EU, what would be the business case for a UK company to adopt the directive?
- Would a double materiality assessment for a US based company still be based on CSRD?
