Double materiality, in essence, reflects the new practical nature of sustainability reporting and the recognition that impact, and financial reporting are interconnected and that reporting ideally should …

Feb 22, 2022 · The basis of this overarching system has to be double materiality. That is the only way to achieve the comparable and effective reporting needed to drive corporate accountability.” The GRI …

The double-materiality concept as ‘guiding principle’ in the GRI Standards From climate change and biodiversity loss, to growing inequality, modern slavery, and scarcity of resources, our society and …

Double Materiality Assessment under the ESRS (2025) Double materiality is at the heart of the ESRS and the CSRD. It requires organizations to assess both their impacts on society and the environment …

Financial materiality and impact materiality together under the umbrella of ‘double materiality’ are the only relevant forms of materiality, with both perspectives needed in a two-pillar structure - for …

Sep 25, 2025 · GRI has called on EFRAG to enhance impact materiality in the European Sustainability Reporting Standards (ESRS) – to deliver the consistent and relevant corporate information needed …

EFRAG has adopted the same definition for impact materiality as GRI and leveraged GRI’s expertise in creating the ESRS. At the outset, the European Commission required EFRAG to build the European …

The global standards for sustainability impacts The GRI Standards enable any organization – large or small, private or public – to understand and report on their impacts on the economy, environment …

They provide crucial input for identifying financial risks and opportunities related to the organization’s impacts, and for financial valuation. This in turn helps in making financial materiality judgments about …

Feb 20, 2025 · In a letter to the European Commission by GRI’s newly appointed CEO Robin Hodess, she outlines that double materiality strengthens Europe’s competitiveness and delivers the decision …