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1.1 About Double Materiality Assessment

Use the Double Materiality Assessment to identify which topics are material for your organisation

In Klappir‑Strategy, the materiality assessment helps your organisation focus on the sustainability topics that matter most — to your business, to people, and to the environment.

This is based on the double materiality principle, which considers two angles:

  • Impact materiality – How your organisation affects people or the environment

  • Financial materiality – How sustainability risks and opportunities may affect your business

Together, these help you prioritise what to focus on in your policies, actions, and reporting.

What the Standards Say

  • Under DRAFT ESRS (European Sustainability Reporting Standards July 2025), double materiality is required for identifying which topics must be disclosed.

  • Under the VSME standard, materiality is not required, but organisations may still use it to guide their reporting. Instead, SMEs report each topic if applicable.

💡 Even if you're reporting under VSME, doing a quick materiality assessment can help you focus on what’s most relevant and reduce unnecessary work.

 

Why It Matters

A good materiality assessment helps you:

  • Focus on what’s relevant to your business and stakeholders

  • Avoid wasting time on low-impact or irrelevant topics

  • Build a report that is more useful, credible, and aligned with external expectations (e.g. ESG ratings, clients, investors)

Go to the next step: 

1.2 How to use the Materiality assessment module in Klappir-Strategy