Double Materiality Hub

The double materiality assessment is a central element of the CSRD and ESRS, helping companies to determine significant sustainability aspects and the scope of reporting. 

This includes identifying non-financial impacts as well as financial risks and opportunities arising from environmental and social factors, along with governance aspects (ESG). Additionally, the influence of these factors on a company's business model and value chain is analysed. Another crucial point is the inclusion of the perspectives of affected stakeholders, such as investors and customers, in the assessment to incorporate their needs and expectations. 

To utilise the tool for the double materiality assessment, your company only needs a Microsoft Power Platform license. 

The tool is a stand-alone solution that does not need to be embedded within your IT architecture. Within the software, you benefit from integrated guidance, meaning that no prior knowledge of double materiality assessment is required. 

Yes, the Double Materiality Hub is suitable for financial sector companies of all sizes that wish to conduct a double materiality assessment. 

Our subject matter experts continuously monitor the latest developments in CSRD and ESRS. Additionally, we update the Double Materiality Hub biannually to align with regulatory changes. 

The IRO library of the Double Materiality Hub was developed through a comprehensive analysis of various business models and portfolios. It is based on best practice IROs and our experience with double materiality assessments in the financial sector. Additionally, insights from benchmarking analyses have been incorporated to reflect industry-specific standards – providing a foundation on which the library is continuously reviewed and expanded as necessary. 

The tool allows for an unlimited number of users, enabling seamless real-time collaboration. Access rights can be flexibly tailored to individual needs, allowing users with varying permissions to work simultaneously in the tool and carry out the double materiality assessment. 

The predefined activities in the value chain can be automatically assigned to the respective sections of the value chain using the preconfigured settings. This is based on best practice models specifically developed for the financial sector. Additionally, the tool allows for company-specific adjustments, enabling individual elements to be flexibly added and modified at any point in the value chain. 

The methodology section of the tool allows for comprehensive configuration of the evaluation logic. Users can define thresholds and time horizons, as well as establish the assessment dimensions and scales for both financial and non-financial materiality. Additionally, a Human Rights Impact is considered.