The double materiality matrix allows you to prioritise the most relevant ESG issues, structure your strategy, meet regulatory requirements (CSRD, ESRS, GRI etc.), and align financial and societal interests for better decision-making.
Once you have assessed the different materiality scores (impact and financial) against your reporting framework, you will be able to input the various elements into our software to visualise the issues and subsequently guide your business strategy.
To do this, you will first want to activate the double materiality matrix by going to the modification of your ESG project.
You will then be able to check the button to make the functionality appear.
Once the functionality is activated, a button to set up the matrix appears at your project level:
You will be able to provide a description of your matrix (for example, indicate how it was constructed, etc.).
Then you will be able to choose whether you want to input materiality scores for your issues (those set up in advance in your project framework) or according to tags of indicators set up in advance as well.
Setting up according to indicator tags will allow you to select families of tags and then provide materiality scores for values in the list.
Here, as an example, our indicator tags are themes and the values are sub-themes of the CSRD.
You will be able to set up your matrix by also providing a desired scale as well as a materiality threshold.
You will then be able to provide the materiality scores.
To find your matrix, you simply need to go to the home page of our tool. A button linking to the matrix has appeared.
The matrix is exportable in several formats (by pressing the button in the top right corner of the matrix).
After reviewing your material issues, you can subsequently remove your non-material issues to report only those that interest you.