EFRAG's implementation guidance for the materiality assessment as of December 2023
In the November meeting of the EFRAG working group on Sustainability Reporting, the group provided an update on the guidance for materiality assessment. This document incorporates comments from previous rounds of revisions, and it is expected to be publicly released once all comments are incorporated and it receives approval.
January 13, 2024
Materiality analysis: what topics do companies disclose in sustainability reports?
Companies in many industry sectors publish annual sustainability reports detailing sustainability-related initiatives and metrics across Environment, Social, and Governance (ESG) dimensions. These reports typically follow one of the voluntary standards, like the GRI or SASB standards. As part of sustainability reporting, a description of the process for materiality analysis and the resulting prioritization of material topics often is the foundation of the disclosure particularly for those companies reporting in reference to or in accordance with GRI standards.
September 14, 2023
Implementation guidance on materiality assessment from EFRAG
EFRAG reviewed the initial draft of the Implementation guidance for the materiality assessment on August 23. This document outlines practical information and FAQ on the materiality assessment. After the initial review, this document will be released for a public commenting period of four weeks, following which the final document will be released after approval.
August 24, 2023
Conducting a materiality assessment following GRI and ESRS guidances
The determination of materiality is central to meeting the regulatory requirements of the Corporate Sustainability Reporting Directive (CSRD). It is also a required process when reporting in accordance with Global Reporting Initiative (GRI) standards.
July 26, 2023
What “material” topics are relevant for consumer goods companies?
Materiality is a debated topic in the ESG debate. This term is originally an accounting concept that says that all items reasonably likely to impact investors’ decision-making must be recorded or reported in a business’s financial statements.
December 13, 2022