CSRD & Double materiality
Understanding the methodological principles required to conduct a double materiality analysis
With more companies affected, increased complexity and extra-financial reporting requirements from 2024 onwards, social and environmental obligations and standards to comply with ... companies must now begin their double materiality analysis within the framework of the CSRD, while taking into account their existing CSR strategy.
Goals
- Understand the challenges and context of the CSRD and learn how it is applied
- Become familiar with the concept of double materiality
- Learn methodological approaches for conducting a double materiality analysis
Program
UNDERSTANDING THE ISSUES AND CONTEXT OF THE CSRD AND LEARN HOW IT WILL BE IMPLEMENTED
- Issues of new European regulations (Green Deal, Taxonomy & CSRD)
- Scope of companies concerned and timetable for CSRD implementation
- Key points of the CSRD: IROs, value chain and stakeholders, time horizons, digitalisation and auditing
- Structure and content of the texts
- New features of the CSRD compared to the DPEF and spirit of the Directive
- Double Materiality versus ‘simple’ Materiality: what is changing
UNDERSTANDING THE KEY STEPS PRIOR TO DOUBLE MATERIALITY ANALYSIS, INCLUDING CONSIDERATION OF THE EXISTING SITUATION, THE VALUE CHAIN AND THE COMPANY’S STAKEHOLDERS
- Key steps for conducting a double materiality analysis
- Take into account the existing situation and comparing CSR issues with ESRS
- Map your value chain and stakeholders for consultation purposes
- Define the Universe of Applicable Issues and identify the IROs
UNDERSTANDING AND KNOWING HOW TO APPLY THE MAIN METHODOLOGICAL PRINCIPLES OF DOUBLE MATERIALITY ANALYSIS TO A COMPANY’S SUSTAINABILITY ISSUES (VIA A CASE STUDY)
- Analyse financial materiality
- Analyse impact materiality
- Establish dialogue with stakeholders
- Prepare a rating grid
- Take time horizons into account
USING DOUBLE MATERIALITY ANALYSIS AS A TOOL TO SUPPORT DECISION-MAKING AND BUSINESS TRANSFORMATION
- Start with what already exists and enrich it with double materiality analysis
- Work on data points relating to material issues
- Identify gaps and processes to be created or improved in order to meet ESRS reporting requirements
The advantages of the training
- Methodological contributions
- Workshops and case studies
- Discovering key reference points (quizzes, videos, etc.)
Who is the training intended for?
- SD/QSA/CSR managers or directors
- Finance or risk department managers responsible for risk assessment and/or non-financial reporting
- Company directors
- Strategy directors
Prerequisites
- This training course does not require any specific prerequisites.
Evaluation methods
- Pre-training self-assessment questionnaire and collection of expectations
- Formative and summative assessments during and at the end of the training
- Measurement of satisfaction and progress through a post-training self-assessment
- Evaluation of the training’s impact two months later