High-Level
Double Materiality
Veriport’s high-level double materiality application delivers rapid, actionable insights into the ESG issues that matter most to your business—without the lengthy, costly processes of traditional assessments.
In just a few sessions, align your priorities and strategy, and set the foundation for long-term sustainability.
Comprehensive ESG and GHG management and reporting solutions for credibility, simplicity, compliance and performance
Double materiality: a critical foundation for ESG and sustainability strategy
In the evolving landscape of ESG and sustainability reporting, double materiality has emerged as an essential concept.
It goes beyond traditional financial materiality by integrating impact materiality—addressing how an organisation affects the environment, society, and the economy. This dual approach is now a cornerstone of various reporting frameworks and standards, including the CSRD (ESRS) and GRI Standards.
Double materiality is not just a regulatory requirement; it serves as the foundation for a meaningful and sustainable ESG strategy. For companies embarking on their ESG journey or enhancing their reporting processes, conducting a double materiality assessment is critical to understanding what matters most for their business and stakeholders.
Typical vs high-level double materiality approaches: a balanced view
A comprehensive double materiality assessment can be an extensive process, taking up to 6 to 8 months to complete.
This depth of analysis often requires significant stakeholder engagement, gathering data across environmental, social, and financial dimensions, and aligning with detailed standards.
While this approach is invaluable—and often mandatory for compliance with regulations —it can be time-consuming and costly.
However, a high-level double materiality approach offers an alternative that is equally valuable in the right context. Companies may choose a high-level assessment when they:
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Are early in their ESG journey
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Need to quickly align on key material issues before diving into a full-scale review
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Want to gain immediate insights at a lower cost and within shorter timelines
Veriport’s tech-driven, high-level approach to double materiality
Veriport’s solution provides a structured and efficient way to conduct a high-level double materiality assessment, using a facilitated workshop approach underpinned by advanced technology.
Our application is designed to guide your team through the process, balancing both impact and financial materiality in a way that is fast, accurate, and industry-relevant.
Key benefits of Veriport’s high-level double materiality approach:
Structured and accurate assessments
The technology-driven process ensures consistency and alignment with leading ESG frameworks, including our proprietary structure of ESG pillars, themes, and topics, linked to thousands of metrics from global standards.
Time efficiency
The entire assessment is designed to be completed quickly—ideal for companies that need fast alignment without waiting months for a comprehensive report.
Scheduling optimisation
Our facilitated workshop model ensures that key stakeholders can join sessions at convenient times, reducing scheduling conflicts and ensuring stakeholder engagement without overburdening teams.
Guardrails through technology
The technology ensures that the assessment follows a clear structure, protecting the process from delays, scope drift, or inconsistencies, while maintaining focus on material issues relevant to your industry.
Alignment with ESG strategy
By using Veriport’s framework of ESG pillars and themes, the high-level materiality process is fully integrated into your wider ESG strategy, ensuring a smooth transition from initial assessment to further in-depth reporting or strategy development.
Cost-effective
A high-level approach significantly reduces costs compared to a full-scale materiality assessment. It allows organisations to make informed decisions without committing to the time and financial investment required for comprehensive materiality exercises.
Why choose a high-level approach with Veriport?
Veriport’s application allows organisations to gain rapid insights into their material issues, saving time and costs while ensuring alignment with key regulatory and stakeholder requirements.
Our process is ideal for companies that want to set a solid foundation for their ESG strategy before diving into more detailed assessments.
Whether your business is at the start of its ESG journey or looking to realign its priorities, a high-level double materiality assessment offers the speed, structure, and focus needed to drive meaningful action.