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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Webinar

Mastering Double Materiality Assessments with GRI & IFRS

Learn how to combine GRI for impact materiality and IFRS for financial materiality in a best practice double materiality assessment.

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Blog

The First Five Steps for a New Sustainability Hire

Here are five key steps to establish yourself, assess the program you’ve inherited, and lay a solid foundation for impactful action as a new ESG hire.

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Webinar

Tabcorp's 2024 Materiality Journey: Lessons from the Frontlines

Learn how Socialsuite's software supported a streamlined and impactful materiality assessment for Tabcorp.

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Blog

Identifying Impacts, Risks, and Opportunities for CSRD Compliance

The CSRD requires companies to report on their sustainability performance, including their impacts, risks, and opportunities.

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Webinar

Avoiding Common Pitfalls in CSRD-Compliant Double Materiality Assessments

Ensure your double materiality assessment aligns with CSRD/ESRS requirements and avoids costly missteps.

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Blog

Top 5 Benefits of Using Software to Streamline Your Materiality Assessment Process

With materiality software, companies and consultants alike can streamline and enhance their materiality assessments for better outcomes.

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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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