[Double Materiality module]
Datamaran has an automated Double Materiality assessment solution which helps organizations identify issues that are relevant to their business, as well as evaluate their impacts, risks, and opportunities (IROs). This is achieved through a fully customized data-driven approach, which allows for a deep dive into any ESG topic, as evidenced by AI-generated mentions of impacts, risks and opportunities.
To assess the entire value chain of the organization, identifying impacts, risks, and opportunities in your company's operations, as well as upstream and downstream value chains, you need to map out your value chain and identify the scope for each of your value chain streams. Once you have done this, you will be able to reflect this scope in your analysis.
To set up your Double Materiality analysis, navigate to the Double Materiality module by selecting it from the Menu on the left-hand side. To start your analysis, name it in the "Analysis name" field.
Next, populate the parameters for each stream. You have the option to exclude any stream not relevant to your analysis.
Optionally, Datamaran allows you to add additional stakeholders in each stream (up to 7 custom data by aspect) by clicking the + icon for either the Financial or Impact axis on the left-hand side panel.
Once you have set up the parameters, including adding peers (recommended), and populated the data fields, you need to assign a weight to each stream included in your analysis. You have two options:
1. Allocate the same weight to all the streams
2. Allocate different predefined weights for each of the value streams.
Once you have set up the weight to the value chain streams, click "Save & Run analysis" to start.