Materiality is a critical concept in sustainability reporting
It guides companies to identify and focus their reporting on the most significant sustainability issues, that are most relevant to their operations and stakeholder interests.
Single Materiality: Climate and other ESG risks and opportunities impact an organisation’s financial performance and position.
Double Materiality: Considers both the financial impact on the company and the company’s impact on society and the environment.
How can we help you with the RIBIA Platform
It is designed to perform comprehensive materiality assessments for our clients, transforming how businesses understand and report on their sustainability impacts
Automated
Questionnaires
Provides personalised automated questionnaires to address your requirements. They are designed to gather critical information from various sources, feeding into our database. The data collected is crucial in producing detailed Materiality Maps/Matrices and reports, enabling businesses to identify and prioritise key sustainability issues. This automation not only saves time but also enhances the accuracy and comprehensiveness of the data collected.
Tailored Content
for Stakeholder Groups
Offers the flexibility to customise content for various stakeholder groups or companies. This ensures that the materiality assessment is relevant and meaningful for each group, whether they are internal stakeholders such as employees and management or external ones like investors, customers, and communities. By tailoring the content, it is ensured that all relevant perspectives are considered in the assessment process.
Production of Materiality Maps/Matrix
Generates automated Materiality Maps/Matrices, which visually represent the importance of different sustainability issues as perceived by stakeholders. These matrices provide a clear and concise overview of the most critical issues, helping you to easily identify areas of high significance. Materiality Maps are a powerful tool for communicating the results of the assessment, assisting in strategic decision-making and stakeholder engagement.
Weighting and Comparisons Capabilities
Allows for dynamic weighting of different components according to the desired impact of the responses. This ensures that the materiality assessment accurately reflects yours and yours stakeholders priorities and concerns.
Enables comparison of materiality assessments across different years and between various stakeholder groups. This provides valuable insights into how perceptions and priorities evolve, for a deeper understanding of trends and changes concerning sustainability.
Double Materiality Integration
Integrates the double materiality concept. Links materiality issues to both financial risks and broader impacts on society and the environment. This dual focus ensures that you not only understand the financial implications of sustainability issues but also your broader societal and environmental impacts. By embracing double materiality, our platform helps alignment with modern reporting standards and regulatory requirements, such as EFRAG’s ESRS standards.
Supported Frameworks
