Stakeholder Engagement and Double Materiality Analysis
Engage your stakeholders and optimize your Double Materiality processes.
The CSRD directive introduces the principle of double materiality, which evaluates the social and environmental impact materiality (inside-out) and the factors influencing the economic performance (outside-in) financial materiality of your company. Engaging and listening carefully to stakeholders is essential to leverage this information effectively and establish a continuous communication channel.
With this IMPACT module, you can identify and prioritize relevant impacts, risks, and opportunities, perform double materiality analysis integrating both perspectives into a comprehensive ESG-GRC strategy that enhances your company's resilience and competitiveness.
Double materiality analysis represents an innovative convergence between impact analysis and financial analysis
This concept underscores the importance of considering a topic as material if it holds significance both in terms of impact and financial relevance.
IMPACT adopts an integrated approach between ESG and GRC processes, enabling the sharing of information managed by the ESG Officer. This further enhances the interconnection between the two departments and facilitates strategic positioning processes.