Impact materiality

1. Financial reporting - risk management - ESG - sustainability reporting - European Sustainability Reporting Standards (ESRS).

In the context of sustainability reporting, European Sustainability Reporting Standards (ESRS) define a sustainability matter as material from an impact perspective when:

(i) It pertains to the undertaking’s material actual or potential, positive or negative impacts

(ii) On people or the environment

(iii) Over the short, medium or long term.

A material sustainability matter from an impact perspective includes impacts connected with the undertaking’s own operations, and also its upstream and downstream value chain, including through its products and services, as well as through its business relationships.

(Source - Annex 2 - abbreviations and definitions - supplementing Directive 2013/34/EU of the European Parliament and of the Council as regards sustainability reporting standards - European Commission.)

2. Sustainability reporting - risk management.

More broadly, any similar assessment of materiality from an impact point of view.

See also

• Assurance
• Audit
• Double materiality
• Double materiality assessment
• Downstream
• ESG
• European Commission
• European Financial Reporting Advisory Group (EFRAG)
• European Sustainability Reporting Standards (ESRS)
• Financial materiality
• Financial reporting
• Guidance
• Guide to risk management
• Immaterial
• Impact
• Material
• Material by nature
• Materialistic
• Materiality
• Materiality assessment
• Risk
• Risk management
• Sustainability
• Sustainability reporting
• Sustainability statement
• Upstream
• Value chain

Other resources

• Annex 2 - abbreviations and definitions - supplementing Directive 2013/34/EU of the European Parliament and of the Council as regards sustainability reporting standards - European Commission
• EFRAG Implementation Guidance - Materiality Assessment