The New and Enhanced Double Materiality

[Double Materiality module]

Our new Double Materiality module empowers organizations by providing them with a comprehensive framework to effectively prioritize material topics. It allows companies to evaluate impacts, risks, and opportunities to identify the most critical topics that are relevant to their business and stakeholders along their value chain.

With the enhanced Double Materiality module, companies can assess the potential risks that these material issues pose to their operations, reputation, and overall sustainability. This helps organizations proactively manage and mitigate these risks, ensuring that they are well-prepared to address any challenges that may arise.

Furthermore, the tool enables companies to identify opportunities that are aligned with their sustainability goals and objectives. By evaluating the impacts of material topics, organizations can uncover potential areas for growth and innovation. This allows them to develop industry-leading ESG governance and strategy that not only addresses their material issues but also positions them as leaders in sustainability.

Powered by Datamaran’s Proprietary Ontology

The Double Materiality module is built upon Datamaran’s proprietary Ontology. This dynamic system utilizes cutting-edge AI to analyze millions of data points from corporate reports, regulations, and media, ensuring your assessment is based on objective, evidence-based insights.

To maintain the integrity and comparability of this data, the topic names within this module are standardized based on our ontology and cannot be renamed. This ensures that every insight is backed by rigorous global evidence.

Flexibility through Custom Fields

While the underlying topic names are fixed to preserve data accuracy, the module offers significant flexibility through Custom Fields. You can create and assign your own fields to specific Impacts, Risks, and Opportunities (IROs). This allows you to add your own internal labels or nomenclature.

Viewing Through the ESRS Lens

In addition to our proprietary topics, the tool is designed to support compliance workflows. You can view and map your IROs using the ESRS lens, ensuring your analysis aligns seamlessly with the European Sustainability Reporting Standards (CSRD) while still leveraging the robust power of Datamaran’s data engine.

By utilizing the next-generation Double Materiality tool, organizations can quickly and easily lead with governance. The tool provides unprecedented insights into the impacts of material issues, allowing companies to make informed decisions and take proactive actions. This ensures that organizations are well-equipped to navigate the evolving corporate sustainability landscape and meet the compliance requirements of CSRD.

In summary, our enhanced Double Materiality tool sets a new gold standard for double materiality. It empowers organizations to effectively prioritize material issues, evaluate impacts, identify risks and opportunities, and implement industry-leading ESG governance and strategy. With the Double Materiality features, companies can lead with governance and drive sustainable growth in a rapidly changing world.

Citing Datamaran in your report enhances the credibility and trustworthiness of your ESG disclosures. Investors, stakeholders, and regulators value objective and reliable information, and referencing Datamaran demonstrates your commitment to robust and evidence-based reporting. You can include this suggestive narrative in your report to cite Datamaran.