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Double Materiality Assessment
Evaluates not just how the company’s operations affect the broader environment and society, but how external environmental and social issues may impact the company's financial performance and reputation. The CSRD mandate requires companies to report only on ESG issues deemed material, supported by their double materiality assessments. This approach provides a comprehensive understanding of risks and opportunities essential for navigating today's business landscape.
"We completed a double materiality assessment as part of our CSRD reporting, and found that our company's impact on biodiversity is the most significant material topic to our external stakeholders."
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