Double materiality: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page - source - Green Central Banking.) |
(Add link.) |
||
| Line 18: | Line 18: | ||
== See also == | == See also == | ||
* [[Climate change]] | * [[Climate change]] | ||
* [[Double materiality assessment]] | |||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[Guide to risk management]] | * [[Guide to risk management]] | ||
| Line 29: | Line 30: | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
[[Category:Financial_products_and_markets]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Investment]] | [[Category:Investment]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Latest revision as of 10:44, 5 June 2024
Financial reporting - risk management - materiality - climate change.
Materiality is a threshold at which insignificance becomes significance.
Materiality is also a fundamentally important concept in traditional financial accounting.
Relevant accounting standards, principles and disclosures need only be applied to material items.
Double materiality is a concept in climate reporting.
It extends the concept of material items to include not only (1) the impact of climate on the reporting company, but also - and additionally (2) the impacts of the company on the climate.
The consequence is that the nature and number of items that must be disclosed is significantly increased.
