Double materiality assessment
Conducting double materiality assessments in a proven three-step approach
Understand your financial risks and opportunities
Building a resilient business in the light of rapidly changing environmental and social regulations is becoming ever more challenging.
Understanding your financial risks and opportunities related to these external factors is business critical – and is a formal requirement in international legislation and standards like the European Union (EU) Corporate Sustainability Reporting Directive (CSRD), the IFRS Sustainability Reporting Standards, the SEC Climate Related Disclosures and various financial market related requests.
The LRQA Double Materiality Analysis provides you with in-depth insights into the impacts your undertaking has on the environment and people and expands this by adding the financial risk and opportunities perspective.
Double materiality approach
A double materiality analysis is conducted in a proven three-step approach in line with current CSRD/ESRS requirements and the EFRAG implementation guidance encompassing stakeholder expectations and industry standards.
Our evaluation methodology has been used and tested on companies of different sizes, across geographies and industries and has successfully undergone external assurance.
We deliver documentation with key findings, process description and considerations on applied methodology as well as detailed data-sheets on the identified IROs
Value chain mapping
- Identification of impacts, risks, and opportunities
- Including biodiversity, water, renewables, sustainability, and global regulations
Assessment
- Via an impact and financial materiality perspective
- Using a unique combination of qualitative and quantitative data
Decision
- Decision on material topics and mapping to disclosure standards
- Across impact and financial materiality
Why partner with us?
Aligned with evolving requirements
We update our methodology on a regular basis ensuring alignment with legislation & industry standards.
Tested and refined
Our methodology has been applied with hundreds of companies across geographies and industries for years.
Based on end-to-end expertise
Our evaluation is based on decades of experience not only assessing current states, but also designing and implementing long term programs.
We speak your language
We provide pragmatic, sensible and resource effective solutions and recommendations that can be implemented and scaled.
We are efficient and action orientated
We know what to look for, so it takes less time and effort for you and your teams to get the insight you need.
Related solutions
Explore our Consulting Services portfolio and find out how we can partner with you to solve ESG challenges
INSIGHTS
-
Climate ambition isn’t enough: the rise of evidence-led decarbonisation...
Article
Supply chain decarbonization is entering a new phase. LRQA’s Risk Outlook 2026 shows why the challenge is no...
Read more -
Forced labour import bans are now a board level...
Article
Forced labour regulation has shifted rapidly from a defined compliance requirement into a decisive factor in how goods...
Read more -
The importance of the right risk management partner
Article
Risk has become a sharper instrument in today’s operating environment, increasingly visible, connected and unforgiving of complacency.
Read more -
Omnibus developments: What corporate leaders need to know about...
Article
The EU’s proposed Omnibus package aims to streamline sustainability reporting and due diligence. Discover the key changes to...
Read more -
From rules to roadmaps: how regulation is shaping smarter...
Article
Explore how evolving regulation is driving smarter, more integrated net zero strategies; shifting businesses from compliance to transformation.
Read more -
4 months on: Omnibus uncertainty, due diligence drivers, and...
Article
Four months since the EU’s Omnibus proposal, uncertainty continues; but so do the pressures driving human rights and...
Read more -
Fishing for truth: Understanding responsible sourcing trends in the...
Article
Since the early 2010s, reports of human rights violations in the seafood industry have exposed widespread challenges.
Read more -
How can effective supply chain mapping transform your sustainability...
Article
In this new era of risk management, Assurance 4.0, supply chains have become increasingly complex and opaque, making...
Read more -
China's groundbreaking towards ESG disclosure for global supply chains
Article
Discover the steps taken by mainland China as three leading stock exchanges in Beijing, Shanghai, and Shenzhen unveil...
Read more