An Impact Materiality Assessment is a strategic process to help you determine the impacts your business has on the environment and society. It is also known as an ‘inside-out’ approach. A key part of this process involves engaging with your stakeholders to rate their importance of ESG issues. Starting with a list of relevant material topics, each topic is evaluated based on three key dimensions: Scale, scope and irremediability. This assessment directs your efforts toward the most pressing ESG areas, based on how likely they are to cause harm. These are the areas where your actions can reduce risks and have the most meaningful and positive impact.
CAPITAL RAISING SOFTWARE
Advisors
From Capital Markets Advisors to Strategic Partners. Run a high performance Capital Raise with a platform built to safeguard reputations.
Business Leaders
Be confident information is optimized and in shape to establish trust and credibility with investors.
Focus on what matters most. Increase portfolio value, streamline processes, and uncover risks and opportunities.
Financial Sponsors
Deals are stressful enough.
Choose confidence.
Need help selecting a virtual data room?
Here's a simple guide to selecting, buying & running a virtual data room.
CAPITAL RAISING SOFTWARE
Start My Materiality Assessment
Software that simplifies the four components
of a Double Materiality Assessment
Turbocharge our software with an ESG consultant
Double Materiality:
A 360° view of impacts, risks & opportunities
“A Double Materiality Assessment can give organisations in all sectors the strategic intelligence and foresight to be more future prepared, innovative and agile, with a more engaged workforce.”
Elisabet Lagerstedt, Founder and Director of Future Navigators®; Author of Better Business Better Future; Nordic B Leader
03 Impact Materiality
Automated top-down discovery & focus:
Narrow down 40+ potential ESG issues into those relevant to you with our smart profiling engine, powered by MSCI, GRI, SASB and ESRS data.
Confidently move forward in alignment with leading standards:
Our comprehensive library has topics pre-populated from leading frameworks like ESRS, GRI and SASB.
Understand your company's most critical impacts on people and the planet.
Uncover commercial benefits:
Business opportunities associated with each ESG issue are identified and quantified.
Proactively identify risks across your
value chain:
Potential ESG-related risks are assessed, quantified and visualised in our modern risk matrix.
Increase trust through transparency:
Your assessment process, findings and strategic priorities are validated with stakeholders, increasing advocacy and adoption.
Seamless reporting:
The software will generate a comprehensive report that will form the foundation of your sustainability strategy.
Up to 80%
Up to 90%
of spend to establish your sustainability/ESG strategy is focused on high-value outcomes - not manual work and assessments.
faster results compared to traditional methods.
"We are thrilled to collaborate with Drova on their Double Materiality Assessment software—a significant advancement for sustainability reporting that aligns with both current and evolving standards."
Sebastian Dürr, Co-founder of NordESG and Drova Partner Consultant
See the software in action
Built in conjunction with leading ESG experts and aligned to established and upcoming
standards & regulations. No disparate systems, manual work or confusing terms and processes.
100%
future proof and
long-term value generating.
Prioritise effective action:
The scale, scope and irremediability for each impact is ranked, ready for stakeholder communication and strategic execution.
Understand your impact:
Positive and negative ESG impacts across your value chain are analysed, considering different time horizons.
Understand global risks and opportunities that affect your company.
04 Financial materiality
We automatically shortlist the right ESG issues for your business.
It's like checking the weather before you go out.
01 Top down
Bring your core business and stakeholders along on the journey.
Consider it a team sport, where everyone has a position to play.
02 Bottom up
What is an Impact Materiality Assessment?
What is a Financial Materiality Assessment?
A Financial Materiality Assessment is a process to determine how external sustainability issues could impact your business financially. It is also known as an ‘outside in’ approach. This assessment measures and ranks potential economic effects of ESG issues on your company. In a Financial Materiality Assessment, you’ll evaluate your preliminary material ESG issues using a risk framework. This evaluation allows you to prioritize these issues according to their residual risk and financial significance. Through this process, you can strategically allocate resources to address the risks with the greatest financial impact. It helps align sustainability initiatives with business goals, ensuring that efforts in sustainability are also managing financial risks and driving financial performance.
What is a Double Materiality Assessment?
A Double Materiality Assessment is a comprehensive approach to understanding both the impact of your business on society and the environment and the financial implications of these impacts. With this assessment, you can determine and rank all sustainability impacts, financial risks, and opportunities associated with ESG issues. This process aligns these elements with the priorities and views of your stakeholders, enabling the development of a comprehensive strategy that integrates seamlessly into your core operations and business strategy. A Double Materiality Assessment is recommended over just doing a Financial Materiality Assessment or an Impact Materiality Assessment. It provides a full picture of ESG risks and opportunities, considering both the risks the company faces and the risks it poses to the environment and society. It builds more stakeholder trust, aids in regulatory compliance, improves your strategic planning, risk management, execution and results.
What is the Corporate Sustainability Reporting Directive (CSRD)?
The Corporate Sustainability Reporting Directive (CSRD) is a legislative proposal by the European Commission designed to enhance and standardise sustainability reporting practices across the European Union. Unlike other global standards, Europe's approach covers a wide range of ESG dimensions. What makes it truly unique is its comprehensive double materiality approach, which is mandatory for all companies that fall within CSRD’s scope. The CSRD will impact over 50,000 companies, with significantly more expected to comply over the next 5-10 years. The implementation and reporting deadlines are dependent on a company’s size, revenue and asset value. The Directive seeks to help investors, consumers, organisations, and other stakeholders to accurately assess a company’s sustainability performance, ultimately putting sustainability reporting on an equal footing with financial reporting.
FAQ
Build resilience
Future-proof sustainability compliance while enhancing governance and risk management.
Drive optimisation
Enhance margins, efficiency, and workforce engagement with purpose.
Enhance impact
Fortify against risks while unveiling lucrative market opportunities across your value chain.
Strengthen trust
Strengthen existing investor relationships and enhance access to capital.
Double Materiality Assessment:
The key to unleashing strategic growth
A Double Materiality Assessment (DMA) will focus your whole organisation on opportunities that reduce risk, increase business value, and benefit stakeholders - all while making the world more sustainable. Win, win, win.
Meet regulations, identify risks, and drive sustainability effortlessly
Deal preparation, beautifully designed data rooms, ironclad security, AI automation & insights, unlimited users and outstanding support. Some of the reasons why leading companies choose Ansarada.
Double Materiality made simple
You're only 15 minutes away from discovering your ESG story and roadmap. Take the free ESG Pulse Check!
Put responsibility at the heart of your organization and empower your team to be a force for good. Learn from our experts about why ESG matters and how it creates a positive impact.
Simple and cost-effective. Confidently complete a Double Materiality Assessment
Strategy
Diagnose your ESG maturity & materiality focus areas. Generate a fit-for-purpose and commercially viable strategy & roadmap.
Metrics and targets
Risks and opportunities
Governance
You already have what it takes to easily and confidently comply with imminent sustainability standards
All leading sustainability standards can be boiled down to four business fundamentals. A Double Materiality Assessment will turn these into value multipliers while allowing you to report and disclose on progress.
DOUBLE MATERIALITY ASSESSMENT
Set, measure, and track your ESG metrics and targets in alignment with leading frameworks and standards.
Manage risks critical to your business processes with full visibility. Build resilience and keep your customers protected.
Provide the crucial evidence that you are taking care of ESG. Maintain roles and responsibilities through workflow task management.
Meet regulations, identify risks, and drive sustainability effortlessly
You already have what it takes to confidently comply with imminent sustainability standards
"A Double Materiality Assessment can give organisations in all sectors the strategic intelligence and foresight to be more future prepared, innovative and agile, with a more engaged workforce."
Elisabet Lagerstedt, Founder and Director of Future Navigators®; Author of Better Business Better Future; Nordic B Leader
Double Materiality Assessments:
The key to unleashing strategic growth
A Double Materiality Assessment (DMA) will focus your whole organisation on opportunities that reduce risk, increase business value, and benefit stakeholders - all while making the world more sustainable. Win, win, win.
Build resilience
Future-proof sustainability compliance while enhancing governance and risk management.
Drive optimisation
Enhance margins, efficiency, and workforce engagement with purpose.
Strengthen trust
Strengthen existing investor relationships and enhance access to capital.
Enhance impact
Fortify against risks while unveiling lucrative market opportunities across your value chain.
Software that simplifies the four components of a Double Materiality Assessment
01 Top Down
02 Bottom Up
03 Impact Materiality
04 Financial Materiality
Double Materiality:
A 360° view of impacts, risks & opportunities
Turbocharge our software with an
ESG consultant
80%
Up to
of spend to establish your sustainability/ESG strategy is focused on high-value outcomes - not manual work and assessments.
faster results compared to traditional methods.
future proof and long-term value generating.
Up to
90%
100%
"We are thrilled to collaborate with Ansarada on their Double Materiality Assessment software—a significant advancement for sustainability reporting that aligns with both current and evolving standards."
Sebastian Dürr, Co-founder of NordESG and Drova Partner Consultant
Double materiality made simple
Double Materiality Assessment:
The key to unleashing strategic growth
Double Materiality:
A 360° view of impacts, risks & opportunities
Strategy
Diagnose your ESG maturity & materiality focus areas. Generate a fit-for-purpose and commercially viable strategy & roadmap.
Metrics and targets
Risks and opportunities
Governance
All leading sustainability standards can be
boiled down to four business fundamentals
A Double Materiality Assessment will turn these into value multipliers while allowing you to report and disclose on progress.
DOUBLE MATERIALITY ASSESSMENT
Set, measure, and track your ESG metrics and targets in alignment with leading frameworks and standards.
Manage risks critical to your business processes with full visibility. Build resilience and keep your customers protected.
Provide the crucial evidence that you are taking care of ESG. Maintain roles and responsibilities through workflow task management.
All leading sustainability standards can be
boiled down to
four business fundamentals
Learn more in our free guide
Free to get started
© Drova Pty Limited. All Rights Reserved.
Asia Pacific
Europe, Middle East and Africa
Enter your company email to request access, and our team will guide you through next steps.
100% funding available for successful applicants
$5k AUD consulting offer for new Drova customers
Limited time promotions
*Terms & conditions apply. Please refer to T&Cs here for full details on eligibility and restrictions.