Materiality Matrix Consulting

 
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Tackling the Challenges in Visualizing Double Materiality

As of 2023, the EU Commission requires companies to apply the concept of “Double Materiality” as part of its new Corporate Sustainability Reporting Directive (CSRD). Companies that have not already done this, need to develop a sharp view on both short-term impacts as well as risks further on the horizon in order to guide their business and build resilience for climate change and other factors. In addition, the Global Reporting Initiative (GRI) announced updates towards its Standards in which also the process towards a materiality assessment was actively addressed. One of the main questions that therefore arises is: how do you visualize your materiality matrix in line with the double materiality principle?
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Updated GRI Standards: What Are the Implications for Materiality?

On October 5th, the Global Reporting Initiative (GRI) announced the biggest update of its standards since 2016. Beyond legal requirements, the GRI has been identified as one of the most comprehensive and internationally recognized sustainability standards setter for corporate reporting. Scheduled to be applicable by 2023, these changes require companies to increase their level of transparency and to dedicate further resources into non-financial reporting. One of the key updates is the introduction of sector standards, providing additional guidelines for comparability of companies from the same industries. Another important change in the GRI Universal Standards is the revised approach on how organization should conduct their materiality assessment. This article focuses on the proposed changes and what it means for companies which have selected the GRI Standards as their ESG reporting framework.
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Job Alert: Business Consultant Sustainability

Finch & Beak is a leading European consulting firm in the field of ESG, sustainability strategy and creating positive impact. Over the past 24 years, we have worked with more than 150 corporate clients across Europe, trained over 5000 managers, and worked with top-level business schools from around the world. To help our fast-growing client portfolio accelerate its sustainability performance, we are expanding our team and are looking for a Business Consultant.
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Activating Materiality to Accelerate ESG Performance

How can a materiality assessment be used to effectively accelerate a company’s sustainability performance? On September 23rd, Finch & Beak organized a webinar focused on materiality activation: transforming the materiality assessment from a reporting tool to the steppingstone for activation of company’s sustainability program. As an illustration, Rebecca Dunn, Head of Sustainability at Spectris presented how materiality accelerated the company’s sustainability strategy. Bas Nuijten, Senior Consultant and Team Leader at Finch & Beak, followed to explain how to integrate the double materiality principle and how to overcome challenges in materiality activation, and shared three tips for a successful activation of materiality.
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Leveraging Double Materiality to Identify Emerging ESG Risks

If there is one thing that the COVID-19 pandemic has demonstrated, it is that society can face major challenges, virtually overnight. Companies need to have a sharp view on both short-term impacts and risks further on the horizon in order to steer their business and build resilience to deal with change. Capturing emerging risks in the ESG approach is therefore essential. Additionally, as of 2023, the EU Commission requires companies to apply the concept of “Double Materiality” as part of its new Corporate Sustainability Reporting Directive (CSRD). One of the main questions that therefore arises is: how do you ensure your materiality assessment covers these new perspectives on materiality?
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Job Alert: Business Consultant Sustainability

Finch & Beak is a leading European consulting firm in the field of strategy, ESG and sustainability. Over the past 24 years, we have worked with more than 150 corporate clients across Europe, trained over 5000 managers, and worked with top-level business schools from around the world. To help our fast-growing client portfolio accelerate its sustainability performance, we are expanding our Rotterdam team and are looking for a Business Consultant.
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Materiality activation: ownership, actorship and more

ESG Acceleration Webinar: Materiality Activation

This new webinar deals with the challenge of generating real change while implementing sustainability. Together with guest speaker Rebecca Dunn, Head of Sustainability at Spectris, we'll explore how to transform the materiality assessment from a reporting tool to an accelerator for the activation of your sustainability program.
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Evolving Materialities for the Construction Sector

The construction sector is a continuously growing industry led by rising urbanization and global population increase: In 2050, about 68% of the world’s population will live in urban areas. These trends will increase the pressure for construction companies to improve the durability and efficiency of their infrastructures. Incorporating new digital technologies will be key to face these challenges in the future.
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Using materiality to navigate to a sustainable future

ESG Acceleration Webinar: Forward-Looking Materiality

During this webinar, we'll explore how to apply the materiality assessment as a tool to capture (emerging) ESG risks and opportunities, as a driver for future strategy and risk mitigation, and how to align materiality with enterprise risk management. Special guest speaker is Suzanne Westlake, Head of Corporate Responsibility & Corporate Affairs at Ocado Group. Participation is free and capacity is limited, so sign up today to confirm your registration - if you haven't already.
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ESG Acceleration: How to Get More from Materiality

Last year’s results of the global risk report of the World Economic Forum revealed that the biggest risks are all environmentally oriented followed by technological risks such as data fraud. A risk that was not as prevalent was infectious diseases and we are all well-aware of how this has changed in has impacted society and business. With the recent developments around COVID-19, businesses are challenged to be even more agile and forward looking in order to cope with today’s fast-changing environment.
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