Materiality analysis

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Materiality Analysis - A Strategic Tool for ESG Reporting and Strategy

What is a Materiality Analysis?

The materiality analysis is a strategic tool that helps companies to create informed ESG reporting and optimize their ESG strategy. This involves identifying and evaluating the most important sustainability topics by considering both the material sustainability issues for the company and the material issues for the stakeholders. The dual materiality ensures that the company’s ESG strategy meets the needs and expectations of all relevant stakeholders while also covering the most important sustainability topics for the company.

An important part of the materiality analysis is stakeholder mapping and stakeholder engagement. This involves identifying relevant stakeholders and determining their expectations and needs. The results of the analysis enable companies to improve their sustainability performance and strengthen their business relationships with their stakeholders. Another important component of the materiality analysis is the impact analysis, which helps companies understand the impact of their sustainability measures and use resources where the greatest impact can be achieved.

With the introduction of the EU CSR Directive and the European Sustainability Reporting Standards (ESRS), companies are facing extensive obligations to improve ESG reporting and increase their sustainability performance. A professionally conducted materiality analysis can help companies meet these challenges and improve their sustainability performance.

Materiality Analysis as an important strategic tool

With the introduction of the Corporate Sustainability Reporting Directive (CSRD) at the European level, the importance of the materiality analysis is further strengthened because it shows companies which sustainability issues are material for them, what opportunities and risks arise from them, and what measures need to be taken. The materiality analysis also enables companies to focus on the most important topics and use their resources strategically to achieve the greatest impact.

The cometis approach

Cometis has developed a multi-stage approach that can be flexibly adapted to the situation of its clients based on recommendations from regulators and frameworks such as GRI or PRB. Our approach combines statistically sound insights with qualitative insights and was developed in collaboration with experts in social and economic research. We offer various components, including stakeholder mapping and engagement, document analysis, impact analysis, and gap analysis. We place great emphasis on incorporating both quantitative and qualitative insights into the process to obtain the most comprehensive picture of the essential sustainability topics.

Components of our approach include a comprehensive environmental analysis, stakeholder mapping, various methods for stakeholder engagement, and an impact analysis (with a materiality matrix, if desired). Here, not only the essential topics for the company but also the essential topics for stakeholders are considered. By considering both aspects, it is ensured that the company’s ESG strategy meets the needs and expectations of all relevant stakeholders while also addressing the most important sustainability topics of the company.

With the new legislation, companies face far-reaching obligations, particularly in the area of sustainability reporting. We support companies in meeting these requirements and improving their sustainability performance. Please feel free to contact us if you have any further questions or need assistance in developing an ESG strategy. Our experienced consultants are here to help you improve your sustainability performance and achieve long-term success.


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