A step-by-step approach to ESG materiality assessments
An Essential Part of Your ESG & Sustainability Strategy
What’s in this whitepaper from Speeki:
Conducting a materiality assessment is crucial when building your ESG strategy. Learn more about the critical two-part process to developing a materiality assessment:
- Material areas to focus: The first stage of a materiality assessment is considering the level of importance of each risk area, based on highest risk and significance to your business and its stakeholders, and then prioritizing them.
- Status and goals: The second stage of the materiality assessment is to assess your evaluation of your management of these risks today, and your goals for the future. For some areas that you identified as material, you may already have very good systems in place to manage the gross risk, and the residual risk is minimal. For others, they may remain as higher gross and residual risks.