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CSRD DOUBLE MATERIALITY SOFTWARE
CSRD aligned double materiality assessment software and advisory
Socialsuite brings you end-to-end CSRD aligned double materiality software with expert support to guide you toward CSRD compliance.
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What is the EU's CSRD?
Mandatory Reporting
CSRD is EU legislation aimed at improving and standardizing companies' reporting of sustainability information, as part of the EU's move to a great, sustainable economy.
Affected Entities
CSRD affects 50,000 companies, also creating reporting obligations for certain foreign entities with operations in the EU at both a consolidated parent and EU-subsidiary level.
Materiality Required
A double materiality assessment is required under the CSRD. Your company will need to identify its material sustainability impacts, risks, and opportunities following CSRD's double materiality process.
Our CSRD Double Materiality Process
Our hybrid approach of streamlined software and expert advisory delivers you a best-practice CSRD-aligned double materiality solution.
Context Setting
Business case, requirements, document review
Engagement Plan
Plan how and when to engage with stakeholders
Value Chain
Identify Business activities to map full value chain
Stakeholder Mapping
Identify, group, and map stakeholders in the value chain
Topics & Preliminary IROs
Use ESRS topics to identify IROs in the value chain
Impacts
Engage affected stakeholders for feedback on impacts
Risks & Opportunities
Engage relevant stakeholders for feedback on IROs
Analysis & Scoring
Analyze engagement data and scoring of IROs
Review & Approval
Share material IROs with stakeholders, get Board approval
Disclosure
Report material IROs and topics with assessment process documentation
Product Features
CSRD-Aligned Double Materiality Assessment
Streamlined double materiality assessment software designed to align with CSRD and ESRS mandates to ensure you are compliance-ready.
Value Chain Mapping
Identify the key business activities, value chain actors, and relationships within your own operations, upstream and downstream your value chain.
Stakeholder Management
Identify stakeholder groups linked to your value chain activities, along with the individual stakeholder to engage with.
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Topic Selection
Review the ESRS topics, select those relevant to your organization, and add entity-specific topics where applicable (from other standards; eg. GRI, SASB, etc.).
IRO Register
Identify and capture impacts, risks, and opportunities (IROs) across your organization's value chain and business activities.
Stakeholder Surveys & Interviews
Conduct targeted surveys with affected proxy stakeholders to capture input on relevant IROs. Gather qualitative insights through interviews and workshops using our session templates.
Significance Scoring & Analysis
Review and analyze stakeholder inputs collected through research and engagement and conduct ESRS-compliant significance scoring for each of your IROs.
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Materiality Thresholds
Configure the financial and impact materiality thresholds that will be applied to determine materiality of IROs.
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Audit Trail
Fully assurable CSRD process, including history and rationale at key decision points.
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Reports & Deliverables
Create a range of charts, tables, and outputs based on your CSRD-aligned double materiality assessment.
Pricing
Software and Advisory Packages
Simple, transparent pricing that enables growth and progress year over year.
Advanced Plan
CSRD Double Materiality software early access and advisory services
FEATURES
Software platform access
Unlimited users
Engagement plan
Value chain mapping
Survey and interviews
CSRD compliant scoring
IRO register
Audit trail
Setup wizard
+ many more...
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Ready to streamline your materiality assessment?
Whether you're a public or private organization, Socialsuite has the right materiality solution for you.
Latest resources
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Identifying Impacts, Risks, and Opportunities for CSRD Compliance
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Avoiding Common Pitfalls in CSRD-Compliant Double Materiality Assessments
Ensure your double materiality assessment aligns with CSRD/ESRS requirements and avoids costly missteps.
Top 5 Benefits of Using Software to Streamline Your Materiality Assessment Process
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Are you looking to accelerate your sustainability journey?
See how we can help.
See how we can help.