A strong understanding of impact materiality should underpin your company's approach to sustainability and support and inform your business strategy. Too often though, impact materiality is focused only on disclosure and remains anchored in stakeholder surveys.
But with the same amount of effort, you can gain much more strategic insight. That's why we partnered with companies around the world to develop, pilot, and refine our Prioritisation Radar approach.
Our Radar Prioritisation Process helps you to rigorously and systematically identify, rank, and prioritise sustainability impacts in your direct operations and in your value chain to understand which issues are material from a company impacts perspective (and warrant disclosure) as well as which issues are strategically relevant (and require strategic attention). These findings can also be leveraged to better inform your financial materiality assessment processes.
Our Radar Prioritisation Process has been used by more than a hundred companies in a range of sectors and aligns with GRI's expectations around impact-based materiality, including the need to address human right impacts; the EU's Corporate Sustainability Reporting Directive (CRSD) expectations for impact materiality as part of a double-materiality approach; and supports a more robust understanding of financial materiality, including meeting the expectations of the IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information.
