The double materiality analysis is the centerpiece and starting point of sustainability reporting within the framework of the Corporate Sustainability Reporting Directive (CSRD). Its preparation is prescribed by the European Sustainability Reporting Standards (ESRS) and requires the companies concerned to take a multi-layered look at their own business processes, their impact on people and the environment and the resulting opportunities and risks.
Five Glaciers Consulting supports companies in analyzing their dual materiality. In a structured process, we identify the impacts, risks and opportunities (IROs) of your company on the environment and society and, conversely, the external (financial) influences on your business activities. Together, we find important levers to increase your company's performance and create a more efficient integration of internal and external stakeholders.
Analyze company activities
Compile relevant data for carbon footprint
Balance emissions (Scope 1, 2 and 3)
Create CCF report
Fulfill CSRD reporting obligations
Identify main sources of emissions
Meeting customer requirements
Creating the basis for your climate strategy
Determining the scope of the project
Pragmatic closing of data gaps
Proactive project management
Further cooperation on request
As the name suggests, dual materiality is a multidimensional and therefore quite complex construct. However, this is precisely what makes the analysis a highly differentiated and effective tool. What presents companies with major challenges on their own becomes an effective bridge between sustainability theory and practice in collaboration with Five Glaciers.
We design your dual materiality analysis and thus create a holistic and equally concrete overview of your company and its interactions with its environment. We break down the impact of your business activities on the environment and society - and also show which external influences affect your organization. The result is a reporting framework that is relevant for the CSRD report and will be very valuable for future sustainability decisions.
Thanks to our collaboration with Five Glaciers Consulting, we have made the dual materiality analysis the basis for implementing our sustainability strategy from the very beginning!
Once it has been expertly prepared, the dual materiality analysis serves as a reliable compass for your sustainability strategy. We would be happy to discuss further fields of action that arise from the analysis with you.
Implementing the requirements of the Corporate Sustainability Reporting Directive efficiently and securely
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Becoming a sustainability pioneer with voluntary reporting as an SME
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Record your corporate emissions - with our Corporate Carbon Footprint Service
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The dual materiality analysis is a key requirement of the ESRS and considers both impact materiality (the company's impact on the environment and society) and financial materiality (the impact of sustainability factors on the company). It ensures that relevant ESG issues are assessed comprehensively. Companies must show how sustainability aspects affect their finances and their environment.
The process involves identifying relevant ESG issues, assessing their financial and social significance and integrating them into reporting. Internal and external stakeholders are involved in order to obtain a comprehensive picture. Finally, the methodology and results are documented to ensure transparency.
Companies should update their materiality analysis at least every two years or in the event of significant business changes. New regulatory requirements, market changes or ESG risks may necessitate an earlier adjustment. A continuous review improves the strategic management of sustainability goals.
Companies can use qualitative stakeholder surveys, internal workshops and benchmarking with their own industry to assess ESG issues. Quantitative approaches such as scoring models or scenario analyses can also be used. A structured assessment model helps to ensure consistency and traceability.
Companies must present their methodology, the stakeholders involved and the results transparently. In sustainability reporting, this is often visualized using a materiality matrix that shows the financial and social impact of ESG issues. The ESRS also require companies to disclose how materiality assessments change over time.
Typically, employees, customers, investors, suppliers, NGOs and regulatory authorities are taken into account, as they have a significant influence on or are affected by the key sustainability issues. Depending on the industry, scientists, local communities or trade unions can also provide important input. Comprehensive stakeholder involvement increases the credibility and relevance of the analysis.
Let's talk about the essentials! We look forward to getting to know you.
Phone: +49 174 1305766
E-mail: info@fiveglaciers.com
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