Of note, the publication date by EFRAG coincided with the IFRS Foundations announcement on their strategic direction for sustainability reporting prioritising climate-related reporting, while also working towards other ESG (environmental, social and governance) matters. DTTL (galement dsign Deloitte Global) et chacun de ses cabinets membres et entits lies sont constitus en entits indpendantes et juridiquement distinctes, qui ne peuvent pas s'engager ou se lier les uns aux autres l'gard des tiers. Elle explore limpact rel de la production de cet ingrdient dans lensemble de sa chane dapprovisionnement. A sustainability matter meets [] the criteria of double materiality if it is material from either the impact perspective or the financial perspective or both perspectives, states the proposal. Les deux perspectives de risquespeuvent se chevaucher dans certains cas. Mais aussi leur responsabilit plus large qui est de rpondre aux besoinssocitauxurgents. 90 % des entreprises sont des PME, quidveloppent rarementdesanalyses de matrialit. 2 The Taxonomy Regulation defines 6 environmental objectives: Climate change mitigation, Climate change adaptation, The sustainable use and protection of water and marine resources, The transition to a circular economy, Pollution prevention and control and The protection and restoration of biodiversity and ecosystems. Des effortsmajeurs doivent tre fournisau sein des entreprises,chez les investisseurset lchelle de toutela socit. One of the important features of the PTF report is the proposal for introducing a purpose for the sustainability reporting (which terminology has been preferred over non-financial reporting). Elle est propre lamener conclure quil est important de renforcer la traabilit Autant que de soutenirle mlange des cultureset la diversificationau sein desexploitations. Lanalyse de matrialit dune entreprise alimentaire pourrait mettre en vidence limportance dimposer une plus grande traabilit de ses ingrdients. Voicicomment appliquerla double matrialitmthodologiequidoit tre adapte,explicitede faontransparenceet rendue accessible pour lesparties prenantes : Restenttous les autres sujets pour lesquels la double matrialit prendtoutson sens. Cette premire tape estun bon dbut poursensibilisersa communaut daffairesenjeux de dveloppement durable. NordSIP stands for Nordic Sustainable Investment Platform. Il sagit en fin de compte de semparer desenjeuxsystmiquessurlesquels elle a un intrt matriel vident. Celapeut se faire au dtriment deprojets qui ne contribuent pasmanire positive aux questions matriellesde lorganisation. With the environmental crisis needing immediate attention, this much-needed strengthening of EU disclosure rules will bring more accountability, a better understanding of risks and opportunities and of the progress against EU and global goals and will raise the bar on what is expected from companies, says CDPs CEO. The other side refers to the external impacts of the companys activities labeled as environmental & social materiality, whose audience consists of consumers, civil society, employees, and investors too. This new pillar would also include a dedicated NFR Technical Expert Group (TEG) responsible for developing standards for the NFR Board, as well as a Consultative Forum of National Authorities and National Standards-Setters of the Member States and other players, for consultation and advice on the development of the sustainability standards. Concernant le climatpar exemple, lapproche de la NFRD couvre la fois la matrialit financire et socio-environnementale. Il est donc essentiel daligner des horizons de temps trs diffrents. It is also presumed that there would be an extension of the scope of mandatory disclosures to all large companies(1), that sustainability reporting would be included in the management report and that some level of external assurance of the sustainability information provided would be required. Pour les parties prenantesaussi, la matrialitest utile. The PTF report is then articulated around four main sections. Ladouble matrialit pousse lvaluation plus loinencore. Click below to subscribe to our newsletter. Datamarans patented technology offers real-time analytics on strategic, regulatory and reputational risks, specific to your business and value chain. Le tout en commenant ds prsent intgrer ce concept dans toutes leurs analyses processus dereporting. Double materiality assessments would then be made by the standard-setter (for determining required sector-agnostic and sector-specific disclosures) and by the reporting entity itself (to select the information to be reported ultimately) under a process to be defined in a standard. Dans ce cas dvolution rglementaire, la double matrialit nest pas ncessaire non plus; Les entreprises doivent couvrir lensemble de leur chane de valeuren amont etcomme lavaldans leursanalyses. Nous avonsainsitest diversesmthodologiesbases sur desapprochesparfoispurement qualitatives, ou bienstrictementquantitatives, ou bien hybrides. DTTL ne fournit aucun service aux clients. If you continue to use this site we will assume that you are happy with it. La directive europenne sur lereportingextra-financier (NFRD) attend clairement des entreprises et institutions financires quelles adoptent cette double matrialit. Some key features are outlined thereafter. Parce quil est prfrable pour les entreprises de garantir le prix et la qualit. The timeline for the development sustainability standards set out in the PTF report is very ambitious. Stockholm (NordSIP) For most professional asset managers, integrating climate-related considerations into the investment process is a purely bottom-up exercise. portalId: "4003460", Our software allows for a faster, better, and more affordable process to conduct a data-driven materiality assessment through the lenses of double materiality, with insights backed by taking into consideration a wider scope of external data. Cetteanalyse est structureautour de3 piliersclefs: Sur la base de la vaste exprience deKsapadans lapplication de la NFRD, voici3questions cls pour aider les entreprises et institutions financires tirer pleinement parti de lapplicationdu concept dela double matrialit. Ladouble matrialit est doncgarante dune comprhension plusholistique des enjeux au seinde lentreprise. En revanche, la TCFD, par exemple, privilgie une perspective de matrialit financire. }); __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"rgb(23, 23, 22)"},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__, Materiality definition: the Ultimate Guide. Cela ne suffitcependantpas pour assurer la rsilience des organisations. Cela permet dexplorer la manire dont lensemble dun cosystmepar exemple industriel est susceptible dvoluer sur le long terme. Business. Laurence est Associe depuis 1999. Lesanalyses de matrialit financirescouvrent, quant elles,destemporalitsbeaucoup plus longues. Lamatrialit facilitela prise de dcision, notamment en ce qui concerne lallocation de ressources. Simply fill the form on the right to book a personalised demonstration of Datamaran, tailored to your needs. 3 This group of five includes the CDP, the Climate Disclosure Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council, and the Sustainability Accounting Standards Board. Les exercices de matrialit sont perus comme moins crdibles sils nexplicitent pas leurprocessus de dfinition desenjeux. Elle a mme labor le tableau suivant pour articuler les objectifs de la double matrialit pour diffrents publics. Ces missionstendent en effet seconcentrerprincipalement surla vrification des donnes rapportes en matire de dveloppement durable. Et ce,au dtriment de leurs propres moyens de subsistance. The report prepared by Mr Jean-Paul Gauzs Potential need for changes to the governance and funding of EFRAG, under his ad personam mandate, includes proposals for a revised governance structure for EFRAG, should it be entrusted with European sustainability standard-setting. Protein Transition: Can Science & the Business of Food Solve our Consumption Equation? Cest dautant plus essentiel quenosprogrs collectifsvis--vis des de lAgenda 2030 restent encoretrsinsuffisants. In practice, it remains to be seen whether the different ambitions would lead to different outcomes. Watch this digital workshop above to see how you can run a double materiality analysis in real time using Datamarans patented technology, and understand how Fortune 500 companies use a data-driven approach to proactively meet rising investor and regulatory expectations, including those outlined in the EU Sustainability Standards, the CSRD, and the IFRS consultation. One of them stems from the PTF extensive assessment work showing the momentum for sustainability reporting in the EU and the need to cater for EU specificities, as well as to ensure consistency in the EU regulatory landscape (in particular with the Sustainable Finance agenda and implications: Taxonomy Regulation, Sustainable Finance Disclosures Regulation - SFDR, amongst others). Il estdoncinutile dadopter une double perspective vis--vis dimpacts climatiquesquiontdes rpercussionsvidentes plus long terme. Les champs obligatoires sont indiqus avec, Initiative SUTTI pour les supply chains agricoles Scale up Training Traceability Impact, Suite applicative SUTTI Digital Solution pour la dissmination de contenus responsables auprs de larges populations fragmentes, Programme V-VCHET pour acclrer la transition climatique des oprations et chanes de valeur, conduire la transformationncessaire de leurs modles. The new framework brings us closer to mandatory Scope 3 emissions disclosures, for instance, requiring companies to look closer not just into their own operations but also into upstream purchasing, sold products, goods transportation, travel and even financial investments. Corporates are not moving fast enough to ensure what they do align with our planets limits. It is: Datamaran is the only software analytics platform in the world that identifies and monitors external risks, including ESG. Au cours de la dernire dcennie,Ksapaa conu et mis jour des analyses de matrialit pournombre dinstitutions financires et entreprises duclassementFortune 500. Cela dit, nousdveloppons les matrices correspondantesen gardant lesprit certaines limites: Les mthodologiesdanalysedematrialit varientbeaucoupdune entreprise lautre. Materiality Definition: The Ultimate Guide. Aprs plusdune dcenniesdexercices dematrialit,au travers desquelsle climatfiguretoujoursau nombre desenjeux saillants, quelle que soit lentreprise, une vidence sest impose: si certaines thmatiques concernent toutes les entreprises, cestque ces mmes entreprisespeuventexplorer des solutions ensembles. This is a very delicate moment for many businesses, and the return on investment is very important. En France, Deloitte SAS est le cabinet membre de Deloitte Touche Tohmatsu Limited, et les services professionnels sont rendus par ses filiales et ses affilis. With Datamaran, we are able to conduct our materiality assessment in a faster and cost-efficient way. The standard-setter would be expected to develop conceptual guidelines addressing the implementation of the concept of materiality for each of the two dimensions. Cest meilleur pour la plante et pour notre dveloppement. Ce qui est vrai pourla crise climatiquelestaussipour tous les autres enjeux. Cest probablement lune des principales raisonsdufossapparententre les marchs europen et amricain surcettequestion de la double matrialit. Watch the live discussion to better understand the notion of double materiality and discover how patented technology makes analysis possible. Parce que les clientsexigentde plus en plus ce niveau dinformation. En combinant des dcennies dexpertise et desperspectivesdepraticiens et universitaires,Ksapaesten mesure dersumer les avantages et inconvnients de la matrialit. Descritiquesdu concept reposent sur le fait que lesanalyses de matrialitconventionnelles tendent renforcer lidologie dominanteenentreprise. Cetteproduction particulire peutde fait entrer en concurrence avecdesculturesvivrires. Another feature that should make sustainability experts rejoice is the particular attention that CSRD pays to value-chain sustainability factors. Prioriserla valeur pour lorganisation, la socit et lenvironnement plutt que la seule matrialit financire aide les organisations sengageren faveur des Objectifs de Dveloppement durabledes Nationsunies. De lautre, lUnion europennetend fonder son cadre dereportingextra-financier surceprincipe de double matrialit. Dans ce contexte, ladoublematrialit ale potentiel de rconcilier la communaut financire avec les consommateurs, employs, partenaires commerciaux, communautslocaleset organisations de la socit civile. Lapplication du concept de matrialitidentifie clairementles enjeuxles plus pertinents. That doesnt mean that double materiality is twice as challenging to achieve, nor that you will be required to conduct two separate assessments and draw two separate matrices. Governance categories include Governance, risk management and internal control and Business conduct. Choices made in the architecture for the Reporting areas and the Topics are also good signs of consistency with international frameworks and practices. Pour cela, de nouvelles exigences lgalesdevrontsappliquer pouruniformiserles rgles du jeu do lexercice de double matrialit. Des points de vue clairants pour voir le monde sous un autre angle ! Its first perspective looks into potential or actual impacts of ESG-related risks and opportunities on the performance, development and position of the company usually indicated as financial materiality, with an investor type of audience. Lesimpacts positifs et/ou ngatifs dune entreprise offrirontdautantplus dopportunits commerciales et/ou de risquesmatriels sur le plan financier. Il sagirait ainsi danalyser la fois limpact des risques ESG sur lentreprise et limpact de lentreprise sur la socit en gnral. Cependant, cela ne veut pas dire quon est capable dedcarboner suffisamment pour rester profitable avec un cot du carbone 800 euros qui fait partie des scnarios travaills par les stress-tests climatiques. cet gard,ladouble matrialittend souligner limportance derisques et opportunits. Cela dit, plusieursdes limitesdcrites dansla prsente note de cadragenont pas encoretrouv de solutiontotalement satisfaisante. Nous pouvons citerla perte de biodiversit, la pnurie mondiale deau, la dforestation, les ingalits et es droitshumains. The concept of double materiality, first introduced by the EU Commission as part of the Non-Binding Guidelines on Non-Financial Reporting Update (NFRD), speaks to the fact that risks and opportunities can be material from both a financial and non-financial perspective. Lanalyse dematrialit consistedoncidentifier lesenjeuxdedveloppement durableles plus saillants au regard des impacts des activits de lentit dclarante et de sa chane de valeur(EFRAG, 2021, p8). Also, the explicit suggestion of a dialogue with the IFRS Foundation once the IFRS Foundation has set a possible course of action is encouraging. The organization would be expected to remain an independent public-private partnership, with separate funding for each pillar. The EU has shown leadership in creating sustainability standards covering companies impacts on people and planet, as well as environmental-related risk information what the EU calls double materiality, comments Paul Simpso, CEO of CDP, the worlds biggest repository of environmental data submitted on a voluntary basis by companies. Cest la fois ncessaire et invitable. The first set of standards would be applicable for fiscal year 2023 reports, to be published in 2024. Lamatrialit permet de relierlamission des entreprises. Pour en savoir plus, consulter www.deloitte.com/about. hbspt.forms.create({ Otherwise, the series of exposure drafts (EDs) released by EFRAG follow the familiar ESG framework. Elle accompagne les entreprises sur leurs enjeux de conformit rglementaire (Taxonomy, CSRD) et de mesure de la performance i En savoir plus. But what does it mean for corporate leaders? The NFR pillar governance would include a NFR Board, defining, reviewing and approving the standard-setting work and cooperating with the existing (global) non-financial reporting standard-setters and initiatives. To that effect, a special Project Task Force (PTF) was established, chaired by Mr Patrick de Cambourg, President of the Autorit des Normes Comptables (the French accounting standard-setter) and author of a report on corporate non-financial reporting in June 2019. the Group of Five(3) or TCFD) is available to date to cover the width and depth of the proposed EU ambition. Et ce la foissur le planfinancier etextra-financier. Sign up here to receive our newsletter. Whether you have already started to adopt a double materiality approach for your annual reporting, or this is the first time you hear about it, Datamarans patented technology can help you. Une idologiequiconsisteau finalchercherla croissance conomique pluttquepromouvoir des modes de consommation plus durables. However, in the wake of the EU Green Deal, the 2030 Agenda for Sustainable Development (SDGs) and also the Paris Agreement on Climate Change, there are requests to make non-financial reporting evolve at a great pace both inside and outside the EU. Environment categories include Climate Change, Pollution, Water and marine resources, Biodiversity and Ecosystems, and Resource use and circular economy. Cest peut-trefinalementl que rside la valeur ajoute de ce concept complexe. You only need to ensure that the materiality process itself is data-driven, dynamic, and context-driven, taking into consideration a wider scope of external data. The platform serves as the information link and connection hub between institutional investors and managers offering sustainable investment products, and as a reference point for the high interest across the asset management spectrum and beyond, viewed from the Nordics. Associe, EU Corporate Reporting Policy Leader, Grande distribution, Ngoce & Distribution spcialise, Energie, Ressources & Produits industriels, Technologies, Mdias & Tlcommunications, Tlcommunication, Mdias & Divertissement, Les instruments de dette intgrant des critres environnementaux, sociaux et de gouvernance (ESG), Charte de protection des donnes personnelles. The reports to the EC of both Mr Gauzs and the PTF were made public on 8 March. Julia has accumulated experience in asset management for more than 20 years in Stockholm and Beijing, in portfolio management, asset allocation, fund selection and risk management. The platform allows us to explore double materiality, or social and environmental issues which are clearly impacting businesses today., Elisa Moscolin, Head of Sustainability and CSR, Santander UK. Social categories include Own Workforce, Workers in the value chain, Affected communities, and Consumers and end-users. Elle impose ainsiaux investisseurs derendre compte deleurs impacts ngatifs,tant sur la plante que sur la socit. Equity and, increasingly, even Stockholm (NordSIP) On 28 July, the UN General Assembly adopted a historic resolution, declaring access to a clean, healthy, and sustainable environment a Stockholm (NordSIP) - Whilst Tesla is one of the world's foremost leaders in carbon-free transportation, its CEO's idiosyncracies and the company's reputation for unsafe Stockholm (NordSIP) According to Conservation International, we could count on nature to provide 30% of the action needed to avoid the worst effects Stockholm (NordSIP) Earlier this year, on 6 April, the European Commission formally adopted the consolidated regulatory technical standards (RTS) to the Sustainable Finance We use cookies to ensure that we give you the best experience on our website. Les dcideurspeuvent semparerpleinementdesenjeux dedveloppement durablepour remplir les objectifsde leurs plansglobaux. Leur objectif premier estde faitdinformer les investisseurs sur les risques quils encourent. Stockholm (NordSIP) Late on Friday, 29 April, the European Financial Reporting Advisory Group (EFRAG) announced the release of the first draft of its widely anticipated European Sustainability Reporting Standards. LeEuropeanFinancialReportingAdvisory Groupdfinit la double matrialit commeunecombinaison de lamatrialit financireet lamatrialit dimpact. Avantde chercherdes ressources supplmentaires, la matrialit permet de revoir laffectation des ressources existantes. Discover more. Les entreprisestendent considrer quellesnontpas des ressources ncessaires pour mener des programmes dedveloppement durable. Ceci afin dobtenirles informationslesplus concrtespossibles. Please enable JavaScript to view the site. Nousespronsainsiles aider identifier les modalits de gestion pour conduire la transformationncessaire de leurs modlesetainsirpondre aux attentes des parties prenantes. Creative. The PTF report provides elements on why the EU may wish to embark on developing sustainability reporting standards at its jurisdictional level. Ce ciblage permet de prciser lesenjeux les plus saillants. Technology. La lutte contrele rchauffementclimatique ncessite un changement transformationnel. 2022 Deloitte SAS. Elle veille ce que lacceptabilit sociale delentreprise ne soit pas carte. Climate Risk From Scenario Analysis to Net Zero Investments, Microfinance From Covid-Relief to Fintech Opportunities, The Energy Transition Investment Opportunities in Southern Europe, European Sustainability Reporting Standards, Corporate Sustainable Reporting Directive (CSRD), European Financial Reporting Advisory Group (EFRAG), La Franaise Spotlights Climate-Aware Strategic Asset Allocation, AP7 Shines Light on Tesla Workers Rights, Schroders Finds Partner for Investing in Nature, EC Regulation Containing RTS Goes Official. The proposal, which will replace the EUs current sustainability reporting framework, the Non-Financial Reporting Directive (NFRD), is now open for comments until 8 August 2022. Elle met lesentreprises et les investisseursau dfi de comprendre commentidentifier leurs enjeux les plus matriels. Donnerla priorit des questions essentiellement dordre financierremet en question la robustesse duprocessus. La double matrialit encourageainsiun changement de perspective cet effet. The governance would keep the Financial Reporting pillar unchanged and add a Non-Financial Reporting (NFR) pillar with a proper governance, under an overall umbrella of a new EFRAG Administrative Board and an enlarged General Assembly. En 2019, lUnion europenne a adoptune directivesurlereportingde la finance durable. However, the public (EU) funding would play a leading part for the NFR pillar, given its public interest mission in standard-setting.The next step is the publication of the legislative proposals by the EC, after their discussion by the EU Commissioners expected on 21 April. 1 As defined in Article 3(4) of Directive 2013/34/EU (the Accounting Directive): Large undertakings are undertakings which on their balance sheet dates exceed at least two of the three following criteria: balance sheet total: 20M; net turnover: 40M; average number of employees during the financial year: 250.