[Double Materiality module]
Determining what "good" looks like in ESG reporting can be challenging. The Industry IRO Insights feature eliminates the need for manual competitor reviews by giving you an instant, data-driven view of how your industry approaches IRO (Impacts, Risks, and Opportunities) reporting.
This tool allows you to:
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Validate your strategy: Confirm you are covering the right topics by seeing what is best practice in your sector.
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Save time: Get an immediate visual overview of ESRS topics and subtopics, value streams, and IRO types without hours of research.
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Identify gaps: If you have an IRO inventory, you can directly compare your data against industry averages to spot missing disclosures or areas where you may be over-reporting.
Accessing Industry IRO Insights
You can access these insights directly from your Double Materiality analysis.
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Navigate to your Double Materiality analysis.
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In the top right-side of the page, next to the Settings icon, click on See IRO Industry Landscape.
Understanding the Industry Landscape
Even if you are doing a double materiality analysis for the first time and have not created your IRO long list, you can gain immediate value from this feature.
The view presents a heatmap showing IRO disclosure rates across ESRS topics and subtopics, allowing you to identify industry reporting patterns at a glance.
By clicking on any topic or subtopic, you will be able to see the IROs disclosed by your peers. Use the filters to narrow down the data.
How to interpret the data:
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The Metric: The heatmap shows the percentage of companies reporting IROs in each topic or subtopic. Each percentage represents the share of companies that published at least one IRO in that corresponding area.
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The Source: This analysis is based on publicly available IRO data from companies that have published CSRD-compliant financial or sustainability reports.
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The Scope: The benchmark considers the industries you selected in your Double Materiality settings for your core operations.
Benchmarking Your IRO Inventory
If you have already populated your IRO inventory within your Double Materiality analysis and mapped IROs to the ESRS, you can use this feature to perform a direct gap analysis against your industry peers.
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Locate the Compare IROs filter dropdown at the top of the page.
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Open the dropdown to select which comparisons you want to visualize.
Icon Legend: Understanding the Comparison
Once enabled, additional icons will appear next to the ESRS topics and subtopics. Use this legend to understand how your disclosure compares to the industry average:
| Icon | Meaning | Description |
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Material IROs | You have identified IROs in this topic that meet your defined materiality threshold. |
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Not-material IROs | You have identified IROs in this topic, but they do not meet your materiality threshold.* |
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Gaps | Your industry peers are reporting IROs in this topic, but you currently have none. |
*Note: If you have not yet defined a materiality threshold in your settings, all your existing IROs will appear as "Not-material" in this view.
This visual comparison helps you instantly spot potential blind spots in your reporting strategy or confirm that your focus areas align with market trends.