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DOUBLE MATERIALITY SOFTWARE
Simple double materiality assessment software and advisory
Socialsuite brings you end-to-end double materiality software with expert support to guide your progress, save money, and meet compliance requirements.
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What is Double Materiality?
Double materiality considers a company’s outward impacts on the environment and society, as well as the financial effects of sustainability risks and opportunities on the company.
A double materiality assessment always requires conducting the impact and financial materiality assessments at the same time. This combined approach includes the assessment of impacts, risks, and opportunities (often referred to as IROs).
A double materiality assessment always requires conducting the impact and financial materiality assessments at the same time. This combined approach includes the assessment of impacts, risks, and opportunities (often referred to as IROs).
Double Materiality
Double materiality refers to assessing both materiality perspectives simultaneously. There are important interplays between impact and financial materiality, this necessitates assessing both perspectives at the same time.
Keep in mind that combining two separate single materiality assessments does not make a double materiality assessment.
Keep in mind that combining two separate single materiality assessments does not make a double materiality assessment.
How to Run a Double Materiality Assessment
Read our blog post for a step-by-step guide on how to conduct a double materiality assessment in-house.
Why are double materiality
assessments important?
Risk mitigation
Provides qualitative and quantitative data
Enables data-driven decision making
Informs and prioritizes business strategy
Creates a sustainability roadmap for executives
Builds trust and credibility
Product Features
Double Materiality Assessment
Streamlined double materiality assessment software designed to increase transparency, align with stakeholders, and get compliance-ready.
Expert Advisory
Leverage Socialsuite's advisory services to help run one-on-one interviews, workshops, and focus groups to further assess materiality.
Peer Benchmark Analysis
Analyze where your competitors and peers are on their sustainability and materiality journey so you don't fall behind the curve.
Customized Stakeholder Management
Group, weigh, and track unlimited stakeholders. Engage stakeholders via our proprietary survey technology and/or conduct interviews/workshops.
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Advanced Topic Selection
Pre-defined topic lists developed from peer, industry, and competitive data and standardized frameworks (SASB, GRI, CSRD). Include extra customized topics or open-ended questions for more insight.
Secure Cloud Environment
Enterprise-level cloud security to safely collect and store your ESG data in one centralized platform.
Dynamic Scoring
Calculates materiality scores from multiple quantitative and qualitative data sources.
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Real-Time Automated Analysis
Analyze quantitative and qualitative data through aggregated standardized scoring. Visualize results for impact, risk, and opportunity in a scatter-plot matrix.
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UN SDG Alignment
Material topics are automatically aligned with the relevant UN Sustainable Development Goals (SDGs). Prioritize the SDGs your organization impacts most.
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Instant Materiality Report
Consolidated summary highlighting the methodology, materiality matrix, analysis, and UN Sustainable Development Goal alignment.
Ready to streamline your materiality assessment?
Whether you're a public, private, or non-profit organization, Socialsuite has the right materiality solution for you.
Pricing
Software and Advisory Packages
Simple, transparent pricing that enables growth and progress year over year.
Basic Plan
Double materiality software
FEATURES
Software platform access
Up to 20 users
Stakeholder engagement
SDG mapping
Simple, self-guided
Analysis scoring
Customer support
Materiality report
Materiality matrix
Survey and interviews
Get started
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...
Get started
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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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.
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.
Tabcorp's 2024 Materiality Journey: Lessons from the Frontlines
Learn how Socialsuite's software supported a streamlined and impactful materiality assessment for Tabcorp.
Identifying Impacts, Risks, and Opportunities for CSRD Compliance
The CSRD requires companies to report on their sustainability performance, including their impacts, risks, and opportunities.
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
With materiality software, companies and consultants alike can streamline and enhance their materiality assessments for better outcomes.
Are you looking to accelerate your sustainability journey?
See how we can help.
See how we can help.