MATERIALITY SOFTWARE

Your Guide to Compliance and Frameworks

The ESG regulation landscape is ever-changing. We are here to provide guidance and support to ensure your company is compliance-ready.

Last updated: 30 October 2024

Compliance

Global Sustainability Frameworks and ESG Regulations

Stay up to date on the global sustainability regulations and frameworks that may impact your organization in the near future.

Regulations

Australian Sustainability Reporting Standards (ASRS)

The Australian Senate passed a new mandatory climate-related financial disclosure law affecting over 6,000 entities.

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Corporate Reporting Sustainability Directive (CSRD)

As of January 2023, the EU's CSRD requires businesses to disclose their environmental, social, and governance impacts, risks, and opportunities.

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California Climate Accountability Package

The bills require certain public and private companies doing business in California to report on their GHG emissions and climate-related risks.

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The SEC Climate Disclosure Ruling

The SEC has proposed requirements for certain public companies to report on material climate-related risks, actions, and oversight.

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Frameworks

Global Reporting Initiative (GRI)

GRI is the most widely used sustainability reporting standard in the world, utilizing a multi-stakeholder process.

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International Financial Reporting Standards (IFRS)

IFRS created the International Sustainability Standards Board (ISSB) to create a global baseline for sustainability reporting (IFRS S1 & S2).

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Materiality in Different Frameworks

Understand the voluntary and mandatory materiality expectations in various ESG frameworks.

Global Reporting Initiative (GRI)

Encourages double materiality

GRI guidelines don't mandate a specific approach, but they encourage companies to report on both financial and impact materiality.

Sustainability Accounting Standards Board (SASB)

Financial materiality (industry-specific)

SASB focuses on industry-specific ESG metrics that have a financial impact on companies. However, they acknowledge the importance of considering broader sustainability impacts.

Task Force on Climate-Related Financial Disclosures (TCFD)

Financial materiality (climate-focused)

TCFD recommendations target climate-related risks and opportunities with a financial materiality lens.

Carbon Disclosure Project (CDP)

Impact materiality (focuses on specific areas)

CDP focuses on the environmental impact, particularly in climate change, water security, forests, and supply chain. They request data on a company's environmental performance and strategy.

Corporate Sustainability Reporting Directive (CSRD)

Double materiality

CSRD from the EU emphasizes double materiality. Companies will need to report on how sustainability issues affect their business and vice versa.

US Securities and Exchange Commission (SEC)

Financial materiality (climate-focused)

The recent SEC climate disclosure rule mandates reporting on climate-related risks and opportunities with a financial materiality focus.

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Latest resources

Stay up-to-date on the latest industry news, customer stories, and learn about how you can embed sustainability in your business.

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Blog

Sustainability Trends to Watch in 2024

Let’s take a look at what key thought-leaders, practitioners, and experts believe to be the main trends and focus areas for sustainability in 2024.

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Blog

SEC Climate Rule: Materiality - Great in Principle, Harder to Apply in Practice

The SEC just announced its proposed Climate Ruling. Read the blog post to hear the key components you need to understand.

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Blog

ESG and Sustainability Single and Double Materiality Software

Learn the basics of what a materiality assessment is and why it's important. Then dive into the differences between single and double materiality.

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Blog

California Climate Accountability Package

California signed the Climate Accountability Package into law October of 2023. Are you prepared for mandatory climate disclosures? Learn more about SB-253 and SB-261 here.

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Webinar

ESG for Private Companies

Did you know not only publicly listed companies are reporting their ESG metrics and sustainability performance? Private companies are increasingly seeing the value of making ESG reporting a priority.

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Webinar

Start ESG with Materiality

Dr. Tim Siegenbeek van Heukelom discusses why ESG strategy, initiatives, and reporting all start with identifying your material sustainability topics.

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Ready to streamline your materiality assessment?

Whether you're a public, private, or non-profit organization, Socialsuite has the right materiality solution for you.

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