How to identify the impact risks and opportunities associated with your material issues with Datamaran

Datamaran has released a new version of its 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. This is achieved through a fully customizable 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 perform three analyses in the newly introduced Double Materiality module.

To set up each 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 Industries & Peers data with the parameters defined for each analysis.

Datamaran gives you the possibility of adding additional stakeholders (up to 7 custom data by aspect) by clicking on "Add custom data" on the correspondent axis.

Once you have set up the parameters and populated the data fields, click on "Save & Run analysis" for the analysis to start.

When you have completed the three analyses for your organization's value chain export the file:

  1. Clicking on the three dots menu
  2. Click on "Export data"
  3. From the drop-down select the three analyses to be combined

In the exported file compiling the results of your three analyses for all topics, combine scores by applying weight as needed (recommended to keep the same weight across all levels) to obtain a full value chain score for each topic. Divide full value chain scores into Tiers:

  • Tier 1: Material
  • Tier 2: To be validated through stakeholder engagement
  • Tier 3: Not material

Delve into the AI-generated insights for each topic to assess its relevance. If relevant, or not, make notes on them; especially if it is a significant impact, risk, or opportunity for your organization. 

For CSRD: Download the consolidated list of material topics mapped against ESRS topics. This list will indicate which disclosure requirements they need to comply with for those material topics in the scope of ESRS. Note: for non-ESRS topics, there are no specific disclosure requirements. However, the Impact Risk and Opportunity (IRO) still needs to be described.