Datamaran Live:

Double materiality explained

First introduced by the EU Commission as part of the Non-Binding Guidelines on Non-Financial Reporting Update, double materiality essentially expands the traditional concept of materiality.

Materiality is a tricky concept in itself; identifying and measuring material issues can be a challenging proposition. While it might seem that double materiality should be twice as challenging, that doesn’t have to be the case. 

Duration: 32m 07s 

Join a session led by Donato Calace, Director of Accounts and Innovation at Datamaran to see how you can achieve double materiality on Datamaran.

  • Learn about the concept of double materiality and what it means to business
  • See how you can run double materiality analysis on Datamaran in real time
  • Understand wider ESG regulatory developments and the rationale behind double materiality.

Update: Datamaran submission to the NFRD public consultation

On 10 June 2020, Datamaran responded to the European Commission on Non-Financial Reporting Directive, focusing on the application of the materiality principle.

Our response can be articulated on four main pillars:

  • Materiality shouldn’t be considered exclusively as a reporting activity, but should be regarded as the foundation for a more complete strategic risk management process.
  • Technology has a dramatic impact on resource efficiency while ensuring accuracy of analysis, quality and auditability of data, and comprehensiveness of insights.
  • ESG rating agencies or investors should take into account a company’s materiality determination process, and not penalize lack of disclosure on non-material indicators.
  • Data driven materiality, based on a robust standardized procedure, would allow to move beyond idea that companies’ accountability consists in along list of indicators to disclose on, and bring it back where it belongs - to the Board.
  • See how Datamaran works

    Trusted by blue-chip companies, Datamaran is the only software that automates processes for identifying and monitoring external risks and opportunities tied to ESG issues.

    Datamaran’s proprietary software enables data-driven decision-making on current and emerging external risks. Cutting-edge AI captures evidence-based insights into the strategic, regulatory, and reputational risks and opportunities tied to ESG issues. This is based on an automated analysis of publicly available sources. Datamaran has the most comprehensive database of corporate reports, regulations, policies, news, and social media.

    Get your complimentary demo of Datamaran to find out how you can improve and streamline your materiality and issue monitoring processes.

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    Data-driven materiality helps us to take better strategic decisions.”

    Antoni Ballabriga, Global Head of Responsible Business, BBVA

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