Double materiality: Definition
The concept of double materiality pertains to how information disclosed by a company can hold significance on two levels: first, in terms of its implications for the company’s financial value, and second, in its broader impact on the global community. This concept encompasses various aspects, including climate change, environmental effects, as well as social and human capital considerations.
Related Terms
ESG Reporting
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Climate-related Financial Disclosure
Climate-related Financial Disclosures aims to enhance and expand the reporting of financial information related to climate change. Investors…
IRF
The International Integrated Reporting Framework (IRF) aims to expedite the global adoption of integrated reporting, enhancing the quality…
TCFD
The Task Force on Climate-related Financial Disclosures (TCFD) created a framework for reporting climate-related risks and opportunities across…