Double Materiality in the New Era of CSRD Reporting

During this webinar, we'll address how and why the EU’s CSRD is pushing materiality assessments into a new era of robust requirements that are widely viewed as the new reporting Gold Standard.

Date:

June 12, 2024

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This webinar, "Double Materiality in the New Era of CSRD Reporting," is a must-watch for companies preparing to comply with the European Union's Corporate Sustainability Reporting Directive (CSRD).  Dr. Tim Siegenbeek van Heukelom, Socialsuite's Chief Impact Officer, guides you through the key elements of conducting a double materiality assessment that meets the rigorous new standards.

Key takeaways:

  • CSRD represents a major shift in sustainability reporting, making double materiality assessments mandatory for approximately 50,000 companies. This means companies must analyze both their impact on the world and the world's impact on them.
  • The webinar breaks down the double materiality process into manageable steps, from mapping your entire value chain to identifying material topics, assessing their severity, and linking them to relevant disclosures under the European Sustainability Reporting Standards (ESRS).
  • Expert insights help you avoid common pitfalls and ensure a robust and defensible assessment process. The webinar stresses the importance of:
    • Documenting every step of your process to prepare for limited assurance.
    • Engaging stakeholders throughout the assessment, not just as a one-off data point.
    • Considering short, medium, and long-term time horizons when assessing the severity of impacts, risks, and opportunities.

This webinar equips companies with the knowledge and tools to confidently navigate the complexities of double materiality assessments under the CSRD. By taking a proactive approach, companies can enhance their sustainability strategy, meet regulatory requirements, and demonstrate their commitment to responsible business practices.

This webinar, "Double Materiality in the New Era of CSRD Reporting," is a must-watch for companies preparing to comply with the European Union's Corporate Sustainability Reporting Directive (CSRD).  Dr. Tim Siegenbeek van Heukelom, Socialsuite's Chief Impact Officer, guides you through the key elements of conducting a double materiality assessment that meets the rigorous new standards.

Key takeaways:

  • CSRD represents a major shift in sustainability reporting, making double materiality assessments mandatory for approximately 50,000 companies. This means companies must analyze both their impact on the world and the world's impact on them.
  • The webinar breaks down the double materiality process into manageable steps, from mapping your entire value chain to identifying material topics, assessing their severity, and linking them to relevant disclosures under the European Sustainability Reporting Standards (ESRS).
  • Expert insights help you avoid common pitfalls and ensure a robust and defensible assessment process. The webinar stresses the importance of:
    • Documenting every step of your process to prepare for limited assurance.
    • Engaging stakeholders throughout the assessment, not just as a one-off data point.
    • Considering short, medium, and long-term time horizons when assessing the severity of impacts, risks, and opportunities.

This webinar equips companies with the knowledge and tools to confidently navigate the complexities of double materiality assessments under the CSRD. By taking a proactive approach, companies can enhance their sustainability strategy, meet regulatory requirements, and demonstrate their commitment to responsible business practices.