Sustainability materiality

Question 1

Double materiality

Answer 1

A concept stating companies need to report sustainability issues creating financial risks for a company, and sustainability issues where the business of an organisation ha sa material impact on peoples lives

(consider impacts and dependencies)

Question 2

ISSB IFRS Sustainability disclosure rules

Answer 2

Requires an entity to disclose material information about sustainability related risks that may affect an entity.

Question 3

Is it mandatory to obtain assurance on sustainability disclosures

Answer 3

No, unless part of EUCSRD

Question 4

Benefit of assurance for firms in EUCSRD

Answer 4

Can help firms with it’s regulatory compliance.