Comprehensive Double Materiality Assessment
Terra ESG Platform’s Double Materiality Assessment module empowers organizations to identify material impacts, risks, and opportunities related to ESG topics. This foundational tool drives sustainability strategies and helps prioritize issues effectively.
Key Benefits
Efficient Stakeholder Engagement: Identify and actively engage key stakeholders, facilitating collaboration amongst internal and external parties.
Enhanced IRO Analysis: Streamline the assessment process with comprehensive coverage of impacts, risks, and opportunities (IROs).
Improved Accuracy: Standardize and automate the scoring of IROs to ensure accuracy and consistency in prioritization.
Increased Efficiency: Use the Double Materiality Matrix to focus on critical issues, optimizing resource allocation and preparation for ESG reporting.
Key Features
Stakeholder Identification
Identify internal and external stakeholders, categorizing them into groups to effectively manage engagement processes.
Stakeholder Engagement
Engage stakeholders using tailored methods such as surveys and other tools, ensuring efficient collection of insights and perspectives.
Topics Analysis and IRO Identification
Analyze general and industry-specific ESG topics to identify actual and potential impacts, risks, and opportunities, ensuring comprehensive coverage of all relevant issues.
Automated Topic and IRO Scoring
Utilize the built-in scoring mechanism aligned with EFRAG methodology to automatically score and prioritize topics and IROs, ensuring objective decision-making.
Double Materiality Matrix
Visualize the outcomes of your double materiality assessment in an intuitive matrix format. Use it to prioritize material topics and streamline ESG reporting efforts.
Double Materiality Matrix
Stakeholder Engagement
Streamline Your Double Materiality Assessment Process
Book a live demo to see how Terra Reporting’s Double Materiality Assessment can enhance your ESG strategy.