With regard to ESRS 1 „Materiality assessment is the starting point for sustainability reporting under ESRS”. ,,Performing a materiality assessment (see sections 3.4 Impact materiality and 3.5 Financial materiality) is necessary for the undertaking to identify the material impacts, risks and opportunities to be reported.”(ESRS 1). Materiality assessment is mandatory and necessary to identify the material topics and ESRS Standards that must be reported on.
Thank you very much for this very informative and detailed video.
Thank you!
Materiality assessment is mandatory for all standards other than ESRS E2. For instance, S1-1 until S1-9 (after the announced updates) :)
With regard to ESRS 1 „Materiality assessment is the starting point for sustainability reporting under ESRS”. ,,Performing a materiality assessment (see sections 3.4 Impact materiality and 3.5 Financial materiality) is necessary for the undertaking to identify the material impacts, risks and opportunities to be reported.”(ESRS 1). Materiality assessment is mandatory and necessary to identify the material topics and ESRS Standards that must be reported on.