Double materiality
analysis
Sustainability is complex.
To know what to focus on most,
it’s worth setting priorities.
Double Materiality
One of the most important, mandatory elements of the sustainability reports regulated in the Accounting Act (based on the ESRS standard) is the double materiality analysis. This is the point where the company not only examines its impact on the world, but also how the world impacts it back.
What do we offer?
With decades of experience, a full range of services, and a human touch, Planet Fanatics’ Network helps companies become the engine of solutions rather than part of the problems.
The strategy we create together:
According to the ESRS standard, every report must contain this analysis, during which the company:
- maps its actual and potential impacts on people and the environment
- and identifies the risks and opportunities that may also be significant from a financial point of view.
However, the double materiality analysis is much more than a standard element:
- it helps to identify business opportunities,
- it supports strategic decisions,
- it promotes transparent and comparable reporting,
- it provides a basis for the risk management system,
- it strengthens stakeholder relationships.
How do we work?
The purpose of the double materiality analysis is to define the double materiality matrix. This is a 6-step process, during which:
- relevant topics are selected,
- actual and potential negative and positive impacts, risks and opportunities are identified,
- these impacts, risks and opportunities are assessed with the involvement of internal and external stakeholders,
- the thresholds of the double materiality matrix are determined along the point values,
- the material topics (the basis of the sustainability report) are determined based on the matrix,
- and the material topics are finalized with management approval.
This service is ideal for those who…
-
are subject to the Accounting Act and are obliged to report,
-
would like to present their sustainability risks and impacts in a well-founded and transparent manner,
-
would like to prepare their risk analysis and risk management system by examining the entire value chain,
-
or who are looking for a credible basis for strategic planning that is certified by internal and external stakeholders.
What results can you expect?
The Planet Fanatics’ Network team delivers an analysis and complete documentation that:
-
complies with the ESRS regulations (thus fulfilling the requirements of the Accounting Act),
-
supports the preparation of the sustainability report and the related audit process,
-
and serves as a real compass for the company’s sustainability decisions.
Those who have already chosen us
Since the standard came into force, we have supported the double materiality processes of the following partners:
Let’s work together for your company’s success!
If you think you need us, we are here to support your company in becoming more sustainable and inclusive. Request a quote tailored to your company’s needs or let’s discuss the possibilities in a free half-hour online consultation.
Our phone number: +3630 444 1067
Our e-mail address: mail@planetfanatics.hu
sustainability. innovation. impact.
Free 30-minute consultation
You know you need something, but not sure what? We can guide you!
Corporate sustainability is a complex field with rapidly changing regulations. Many companies have just come out of compliance, others are facing new requirements. If you are unsure whether you are subject to the CSRD, whether you need to prepare an ESG report, or simply want to understand what services can help you, here is your chance to ask.
Free 30-minute online consultation
Book a time for an informal, 30-minute online conversation, where...
- we help interpret regulations relevant to your company,
- together we map your needs,
- and we set direction for your next steps.
No commitment, no cost – just a clearer picture and more confident decisions.