Terra Reporting Launches Double Materiality Assessment Module on Microsoft Cloud for Sustainability
Microsoft Cloud for Sustainability - AppSource - Double Materiality Assessment
Terra Reporting, a trusted ESG (Environmental, Social, and Governance) reporting solutions provider, proudly announces the launch of its Double Materiality Assessment Module (DMA) on Microsoft Cloud for Sustainability. As the only DMA Module available on AppSource, it serves as the final piece for a complete end-to-end ESG reporting solution using Microsoft Cloud for Sustainability.
Terra Reporting's SaaS solution, in alignment with EFRAG Guidelines, seeks to revolutionize corporate sustainability reporting by simplifying the double materiality assessment process for businesses worldwide.
“With the CSRD, many companies are required to start ESG reporting and initiate their Double Materiality Assessment on data as of 2024. We are happy to be the co-pilot of the sustainability team to streamline this process.”
The first step in the CSRD reporting process is to conduct a Double Materiality Assessment. Terra Reporting's DMA utilizes advanced technology to digitize and automate the entire assessment process, meeting the rigorous requirements of the European Sustainability Reporting Standards (ESRS).
“Our Double Materiality Assessment Module addresses this challenge by providing a faster, more accurate, and more objective approach to assessing material sustainability topics. Also, per the EFRAG guidelines, our DMA module supports Limited Assurance.”
Key Features of Terra Reporting's Double Materiality Assessment Module:
Seamless integration with existing business systems to gather data efficiently.
Assessment Scope comprehensively covers all relevant sustainability aspects to ensure thorough evaluation.
Stakeholder Engagement uses effective methods to gather input from both internal and external stakeholders.
Materiality Matrix offers a visual representation of material topics, helping to prioritize and focus on key areas.
Disclosure Requirements ensure compliance with all relevant reporting frameworks and standards.
For businesses seeking to navigate the complexities of ESG reporting and achieve meaningful sustainability goals, Terra Reporting's Double Materiality Assessment Module offers a transformative solution backed by the power of Microsoft Cloud for Sustainability.
For more information about Terra Reporting and to explore the Double Materiality Assessment Module, visit AppSource, book a live demo, and experience how the solution works on Microsoft Cloud for Sustainability.
