SWIFT and Double materiality assessment: Difference between pages
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''Financial reporting - risk management - ESG - sustainability reporting - European Sustainability Reporting Standards (ESRS).'' | |||
In the context of sustainability reporting, a double materiality assessment is one that covers material information about both: | |||
:(1) A reporting entity's impact on people or the environment ("impact materiality") and | |||
:(2) Financial risks or opportunities relating to a sustainability matter ("financial materiality"). | |||
For reporting purposes, a matter is material if it falls into either of these categories. | |||
:<span style="color:#4B0082">'''''The European Sustainability Reporting Standards (ESRS) approach to materiality'''''</span> | |||
:"The ESRS require that the sustainability statement include sustainability information related to material IROs identified through a materiality assessment process that applies the principles of double materiality... | |||
:The terms ‘material’ and ‘materiality’ are used throughout the ESRS to refer to double materiality unless otherwise specified." | |||
:''EFRAG Implementation Guidance - Materiality Assessment - p9.'' | |||
== See also == | == See also == | ||
* [[ | * [[Double materiality]] | ||
* [[ | * [[Environmental, social and governance]] (ESG) | ||
* [[ | * [[European Financial Reporting Advisory Group]] (EFRAG) | ||
* [[ | * [[European Sustainability Reporting Standards]] (ESRS) | ||
* [[ | * [[Financial materiality]] | ||
* [[ | * [[Financial reporting]] | ||
* [[ | * [[Guidance]] | ||
* [[ | * [[Immaterial]] | ||
* [[ | * [[Impact]] | ||
* [[ | * [[Impact materiality]] | ||
* [[ | * [[Material by nature]] | ||
* [[ | * [[Materiality]] | ||
* [[ | * [[Materiality assessment]] (MA) | ||
* [[ | * [[Risk]] | ||
* [[Risk management]] | |||
* [[Sustainability]] | |||
* [[Sustainability reporting]] | |||
* [[Sustainability statement]] | |||
[ | ==Other resource== | ||
*[https://www.efrag.org/Assets/Download?assetUrl=/sites/webpublishing/SiteAssets/IG+1+Materiality+Assessment_final.pdf EFRAG Implementation Guidance - Materiality Assessment] | |||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_risk_management]] | |||
Latest revision as of 14:10, 3 August 2024
Financial reporting - risk management - ESG - sustainability reporting - European Sustainability Reporting Standards (ESRS).
In the context of sustainability reporting, a double materiality assessment is one that covers material information about both:
- (1) A reporting entity's impact on people or the environment ("impact materiality") and
- (2) Financial risks or opportunities relating to a sustainability matter ("financial materiality").
For reporting purposes, a matter is material if it falls into either of these categories.
- The European Sustainability Reporting Standards (ESRS) approach to materiality
- "The ESRS require that the sustainability statement include sustainability information related to material IROs identified through a materiality assessment process that applies the principles of double materiality...
- The terms ‘material’ and ‘materiality’ are used throughout the ESRS to refer to double materiality unless otherwise specified."
- EFRAG Implementation Guidance - Materiality Assessment - p9.
See also
- Double materiality
- Environmental, social and governance (ESG)
- European Financial Reporting Advisory Group (EFRAG)
- European Sustainability Reporting Standards (ESRS)
- Financial materiality
- Financial reporting
- Guidance
- Immaterial
- Impact
- Impact materiality
- Material by nature
- Materiality
- Materiality assessment (MA)
- Risk
- Risk management
- Sustainability
- Sustainability reporting
- Sustainability statement
