Framework
Double Materiality
An approach in sustainability reporting that considers both the financial materiality of issues to the company and their societal impact.
Double Materiality is a framework used in sustainability reporting that evaluates issues based on their impact on the company's financial performance and their importance to society.
This approach ensures that companies not only focus on financial aspects but also consider the broader social implications of their operations.
Double Materiality is gaining traction as a key principle in corporate sustainability strategies and reporting standards like the Sustainability Reporting Standards of the IFRS Foundation.
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