CSRD Double Materiality Assessment
Upright's approach to double materiality
Inputs
External inputs:
- 300M+ scientific articles from CORE database
- Hundreds of complementing third-party databases
Company-specific inputs:
- Product and service split
- Additional sustainability and geographical information
- Financial statements
Upright data engine
Combining several data sources and including the assessment of:
- Impact materiality: Scale, scope, irremediability and likelihood of impacts
- Financial materiality: Magnitude and probability of financial risks and opportunities
- Anticipated financial effects: Monetary financial statement effects of risks and opportunities using the company’s financial information
Outputs
DMA results: Materiality status, impacts, risks and opportunities, thresholds, and the supporting information for all sustainability matters
ESRS datapoints: List of relevant ESRS datapoints based on the DMA results
Financial effects: Anticipated financial effects of risks and opportunities across short-, medium- and long-term time horizons
Visual summaries of the results: Materiality scale graph, materiality count graph and materiality matrix
Who benefits from the data?
Upright’s data-driven approach helps companies to...
→ Conduct a CSRD-compliant double materiality assessment
→ Get a science-based second opinion for their own assessment
→ Benchmark their double materiality results against thousands of other companies
Upright’s uncontested double materiality database of 50,000+ companies helps financial institutions to...
→ Screen sustainability-related risks and opportunities on the full portfolio level
→ Comply with CSRD using a robust value chain assessment covering the full portfolio on level of individual holdings
The CSRD Double Materiality Assessment process unfolded smoothly and efficiently. As a result, we stand well-prepared for CSRD reporting. Furthermore, we’ve enhanced our organizational understanding of material topics for Framery and generated new insights based on scientific data.
Our main objective was to ensure that the assessment covers all facets of Aktia’s exposure. While evaluating our internal operations proved a relatively easy task, extending the assessment to cover also our investment portfolio and loan portfolio was a more complex challenge.