To keep pace with a constantly evolving ESG landscape, Datamaran has developed a feature that allows you to keep your finger on how the issues that matter to your business are evolving, all reflected in your Materiality Matrix.
To see the evolution of your material issues, you need to select the "Start Monitoring" button. The system will allow you to generate a new analysis version by selecting it. Here you can either select the version of the analysis you want to see or compare two versions and see how issues have changed over time.
Once you have started the monitoring process, you can either select the version of the analysis you want to see or compare two versions to see how issues have changed over time. Here you can also generate a new version when you need it by clicking in the new version box.
Once you have selected the two analyses, you will see three tabs.
- The Stakeholder view presents how the issues have changed between the two versions. The rank change is in bold numbers, and the current rank is the number next by. A green shading will appear when an issue has gained more importance; in case of an important decrease, a red shading will be applied to the cells. Click the increasing rank cells (▲) in highlighted columns to view more insights.
- The dynamic Double Materiality view presents Double Materiality issue rank changes between the two selected dates for the underlying sources as well as at the Financial and Impact levels. The rank change is in bold numbers, and the current rank is next to it. Green shading indicates issues with increased importance, while orange shading indicates a decrease in importance. You will be able to sort the issues by name or by relevance (the product of the normalized x and y scores in the materiality analysis)
We recommend you start monitoring three months after you finalize your analysis and once you are happy with its settings. Once the monitoring process has started, you can still modify the settings of the stakeholders and create new versions of the analysis.