..
[Double Materiality module]
The materiality assessment of IROs (Impacts, Risks and Opportunities) needs to be performed by each company based on their own knowledge and understanding of the company, operations and business model, through their Subject Matter Experts (SME).
SMEs need to assess specific dimensions and criteria for impact and financial materiality. In some specific cases, they might need to engage with affected stakeholders for the assessment.
The Datamaran’s IRO Hub allows for scoring the different dimensions on the platform.
Select a topic to see all the IROs. Select a specific IRO to open the details and score its dimensions.
For Risks & Opprtunities, the dimensions to assess are:
- Classification (current/anticipated)
- Time horizon
- Magnitude
- Likelihood
For Impacts:
- Classification (current/anticipated)
- Time horizon
- Scale
- Scope
- Likelihood.
Negative impacts also require:
- Irremediability.
As you progress in the IRO assessment, the IRO view by topic will reflect the current status.
Refer to this document for additional information on the assessment scales used for the IRO dimensions.