How to Conduct a Double Materiality Assessment (With Examples)
One of the foundational requirements of the Corporate Sustainability Reporting Directive (CSRD) is conducting a double materiality assessment . This process helps organizations determine which sustainability issues are material to report—based on both their impact on the world and financial relevance to the company. In this blog, we provide a complete walkthrough on how to conduct a CSRD-aligned double materiality assessment, offer real-world examples, link to credible frameworks, and show how EcoPrism’s automation tools accelerate the process. What Is a Double Materiality Assessment? Unlike traditional financial materiality assessments, double materiality under CSRD means evaluating sustainability issues in two directions: Impact materiality – How your organization impacts the environment and society. Financial materiality – How ESG issues affect your company’s financial position or enterprise value. This dual lens is mandated by ESRS 1 and should be used to select ...