Once you run your Double Materiality Analysis (DMA), the platform will generate a long list of topics. These are presented in two different formats:
Tornado
Explore and assess the topics and their relevance based on the sourced evidence available. Clicking on the topics allows for a deep-dive of the underlying data and sources. If a topic is potentially material, or not, you can add notes on each of them to facilitate the refinement process.
Value streams
Weigh the relevance of topics at the stream level. Like in Tornado, you can click on the Financial or Impact side of each topic to view their corresponding deep-dive.
Topic screening
We recommend refining the DMA's longlist to a shortlist by discarding those topics not relevant to your operations via the menu's Topic screening feature.
Within the Topic screening popup, you can separate potentially material topics from those that are not by using the probability filters of: Low -, Low, Medium, High and High +.
Where "Low -" are those topics most probably "Not material".
Select the right probability by sliding the Topic screening cap to the desired filter. You can also manually enter a precise integer range from 0.01 (Low -) to 1 (High +).
These can be changed later and at anytime via the same method.
A longlist divided:
Included
Topics above the cap will proceed and be further identified, assessed and ultimately validated as "Material", or not.
Excluded
Topics below the cap are placed on hold with an attached note via the Notes feature indicating why they were deemed "Not material". A rationale is required in the Topic screening popup because it conforms with best reporting practices & standards while bolstering future audit trails.
Exception: If a topic is known to be Material but falls below the cap, it can be manually included via the Notes feature.
First, conduct a deep-dive by clicking on the affected topic. On the next screen, on the top right-hand corner, select Material via the dropdown menu. This will include the topic for further validation in the subsequent IRO Hub.
If you are unable to view the affected topic because it was hidden from view, click on the Topic screening button. This will reveal those topics below the cap. Select the desired topic and it's potential material classification via the Notes feature in its deep-dive.
Next step
The curated list of included topics sets the parameters for the next step of the IRO assessment and validation process.
You can also export the complete list of topics with scores, sources and stream by clicking on the three dots menu and selecting Exporting/Topic scoring.