ESG Glossary
Definition
A test for deciding which information belongs in a report. Information is material if leaving it out, getting it wrong or hiding it could reasonably influence the decisions of investors, lenders and other creditors. IFRS S1 uses this test, so companies report the sustainability topics that could affect their cash flows, access to finance or cost of capital. Financial materiality is also one of the two sides of a double materiality assessment.
In Context
“Flood risk at our riverside warehouse passed the financial materiality test once our bank tied a loan condition to it, so it went into our sustainability report.”
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FAQs
Data security
We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.
Do you provide implementation support?
Absolutely! Our professional services team is among the most talented and experienced in the business. They provide hands-on implementation support, systematically guiding your team every step of the way. From initial data discovery and onboarding of users to training and integration, our experts ensure your team rapidly closes gaps and creates new value with ECO-OS.
Do you also support Scope 3 reporting?
Of course. ECO-OS provides an end to end solution for Scope 3 emissions following the guidance of the GHG Protocol. A suite of tools unique to our platform simplifies the complex task of communicating, collecting and aggregating your supply chain data, helping you clearly understand your full value chain emissions and devise actionable reduction programs.
What international standards and frameworks are supported by ECO-OS?
ECO-OS supports alignment with major global ESG reporting frameworks, including CSRD, the GHG Protocol, California SB 253 and SB 261, the UN Global Compact, the UN SDGs, and other leading international standards.