Double materiality dilemma

Which new standard draft embeds the concept of double materiality?

ESRS 3

ESRS 4

ESRS 2

ESRS 1

What is double materiality?

Reporting that includes a company's impact on the outside world

Reporting that focuses on issues other than those related to sustainability

Reporting that focuses solely on the impact of sustainability issues on a company

Reporting that focuses solely on a company's impact on the outside world

Which standard-setter is not considering incorporating double materiality?

Global Reporting Initiative

International Sustainability Standards Board

South African Accounting Standards Board

International Accounting Standards Board

Which of the following organisations is NOT mentioned in the article as having adopted double materiality?

Fidelity

DWS

BNP Paribas

Coca-Cola

Which sector is calling for standard-setters to include double materiality?

Insurance

Fund management

Accountancy

Retail banking

Why might double materiality be difficult to incorporate into standards?

Standards take a long time to be revised

It is open to widely varying interpretations

There is not enough interest

It has very narrow parameters

Why is it not necessarily a problem if a jurisdiction does not incorporate double materiality into its standards?

Another jurisdiction could overlay double materiality

The issues related to double materiality affect advanced economies only

The issues related to double materiality affect developing economies only

Double materiality is unlikely to survive as a concept

Who is the ISSB's current concept of materiality designed for?

Governments

SMEs

Investors

Multinational companies

What is a key problem with the ISSB's current concept of materiality?

Reporting may take place much later than it would with double materiality reporting

The ISSB's interpretation contradicts other reporting standards

The ISSB's interpretation is too confusing

The ISSB's standards are not widely used, so will have little impact

Which alternative offers some of the principles of double materiality?

Statement of Recommended Practice

Global Reporting Initiative standards

US GAAP

Integrated reporting

Double materiality dilemma

Which new standard draft embeds the concept of double materiality?

What is double materiality?

Which standard-setter is not considering incorporating double materiality?

Which of the following organisations is NOT mentioned in the article as having adopted double materiality?

Which sector is calling for standard-setters to include double materiality?

Why might double materiality be difficult to incorporate into standards?

Why is it not necessarily a problem if a jurisdiction does not incorporate double materiality into its standards?

Who is the ISSB's current concept of materiality designed for?

What is a key problem with the ISSB's current concept of materiality?

Which alternative offers some of the principles of double materiality?

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