Inside-Out Analysis according to CSRD: Guide to Implementing EU Sustainability Reporting
Tobias Martetschlaeger
8Min. reading time
Corporate Sustainability
The inside-out analysis within the framework of the double materiality is a central component of the Corporate Sustainability Reporting Directive (CSRD). Companies must systematically record and assess their impacts on the environment, social issues, and governance. This process enables organizations to transparently present their sustainability performance and improve it purposefully.
The implementation takes place in several sequential steps. First, relevant sustainability topics are identified and prioritized. Subsequently, companies analyze their business activities, supply chains, and stakeholder relationships in terms of potential impacts. This forms the basis for developing strategies and management approaches to govern significant sustainability aspects.
The insights gained are incorporated into the sustainability reporting and help companies meet the requirements of the CSRD and the European Sustainability Reporting Standards (ESRS). A careful inside-out analysis creates transparency, enables data-driven decisions, and supports the integration of sustainability into the business model.
Inside-Out Analysis: The Essentials in Brief
The inside-out analysis systematically captures company impacts on sustainability aspects
Prioritization of relevant topics and stakeholders forms the basis for effective sustainability management
Results serve as the basis for CSRD-compliant reporting and strategic decisions
Double Materiality: Inside-Out and Outside-In Perspectives
The double materiality analysis encompasses two complementary viewpoints: the inside-out and outside-in perspectives. These approaches enable companies to holistically examine their sustainability impacts and risks.
Characteristics of the Inside-Out Perspective
The inside-out perspective focuses on a company's impacts on the environment and society. It examines how business activities along the value chain influence external factors.
Companies identify both positive and negative effects of their activities. This can include environmental impacts such as CO2 emissions or social aspects like labor conditions.
The analysis considers both actual and potential influences. It helps companies understand their responsibilities towards stakeholders and develop sustainable business practices.
Importance of the Outside-In Perspective
The outside-in perspective looks at how external sustainability factors influence the company. It analyzes financial risks and opportunities arising from environmental, social, and governance topics.
Companies assess how climate change, resource scarcity, or societal changes might affect their business models. This viewpoint is critical for long-term value creation and the resilience of the company.
The outside-in analysis supports strategic planning and risk management. It enables companies to prepare for future challenges and to recognize opportunities early on.
Essential Steps for the Inside-Out Analysis
The inside-out analysis is an essential component of double materiality within the framework of the CSRD. It enables companies to systematically capture and assess their impacts on the environment, society, and economy.
Identification of Relevant Topics
The analysis begins with identifying relevant sustainability topics. Companies should closely examine their business activities, products, and services. Industry-specific standards and international guidelines like the UN Sustainable Development Goals can serve as orientation.
It is advisable to create a list of potential impacts. This may include environmental aspects such as CO2 emissions, social issues like labor conditions, and governance questions like corruption prevention.
A prioritization of topics based on their relevance to the company and its stakeholders is sensible.
Holistic Consideration through Value Chain Analysis
A value chain analysis is essential for a comprehensive sustainability strategy. This analysis considers not only the internal processes of the company but also the upstream and downstream activities across the entire value chain.
In this way, the impacts that the company causes or influences with its suppliers, customers, and downstream use phases can be identified. This allows for a holistic examination of sustainability performance and targeted derivation of measures to minimize negative and maximize positive impacts along the entire value chain.
Involvement of Stakeholders
Stakeholders play a central role in the inside-out analysis. Their perspectives help identify blind spots and validate the relevance of topics.
Important steps include:
Identification of relevant stakeholder groups (e.g., employees, customers, suppliers)
Development of suitable engagement formats (interviews, workshops, surveys)
Conducting the stakeholder dialogue
Analysis and integration of the results
The insights gained should be incorporated into the evaluation of topics and risks. Regular stakeholder surveys allow changes to be recognized early.
Assessment and Documentation
The final step includes the careful documentation of the analysis results. A clear and understandable presentation is crucial for reporting and internal decision-making processes.
The following elements should be documented:
Methodology of the analysis
Identified topics and their prioritization
Risks and opportunities with evaluation
Results of stakeholder engagement
Sub-topics and sub-sub-topics
Positive or negative impacts
Derived measures and goals
Reporting
For reporting, it is advisable to use recognized frameworks such as GRI or SASB, as these facilitate comparability and compliance with reporting standards. A new area in reporting should focus on deriving the relevant disclosure requirements from the material sustainability aspects. Here, the EFRAG Mapping Table can provide valuable support in aligning the key aspects with the requirements of the European sustainability reporting standards.
The results of the inside-out analysis form an important basis for sustainability reports and the strategic direction of the company.
Industry-Specific Requirements of the Inside-Out Analysis
The double materiality analysis requires precise consideration of industry-specific aspects and their implementation according to ESRS 1 and 2. Companies must analyze their sectors and identify the relevant requirements.
Analysis of Economic Sectors
Each industry has its own challenges and impacts on sustainability. Companies must closely examine their specific sectors.
This includes the identification of industry-specific risks and opportunities. For example, the automotive industry focuses on emissions reduction and alternative drives.
The financial sector places special emphasis on sustainable investments and risk management. In retail, supply chains and product responsibility are at the forefront.
A thorough analysis helps companies prioritize the sustainability topics relevant to them.
Implementation of ESRS 1 and 2
ESRS 1 and 2 form the basis for industry-specific reporting. The ESRS 1 defines general principles, while ESRS 2 specifies overarching disclosure requirements.
Companies must apply these standards to their industry. This includes identifying significant sustainability topics and their impacts.
The implementation requires a clear governance structure and robust data management systems. Companies should develop key performance indicators (KPIs) that reflect their industry specifics.
Close coordination between financial and sustainability departments is crucial for consistent reporting.
Strategy and Management
Integrating sustainability into strategy and management is essential for companies within the framework of the CSRD. A clear alignment and effective structures form the basis for successful sustainability initiatives.
Alignment of the Sustainability Strategy
The sustainability strategy should be closely linked to the business model. Companies must identify their significant impacts on the environment and society and derive concrete goals from them. These goals should be measurable, time-bound, and accompanied by clear responsibilities.
Important elements of a robust sustainability strategy include:
Long-term vision for sustainable economic practices
Short and medium-term milestones
Consideration of the entire value chain
Involvement of relevant stakeholders
Establishment of Sustainability Management
An effective sustainability management requires clear structures and processes. Central to this is the anchoring of sustainability at the board level. A dedicated sustainability team coordinates activities and consolidates knowledge.
Core elements of sustainability management include:
Clear responsibilities and reporting lines
Regular training for employees
Systematic data management
Integration into risk management and controlling
The implementation of management systems like ISO 14001 or EMAS can support the establishment of structured processes.
Integration into the Business Model
Integrating sustainability aspects into the business model is a central component of the double materiality analysis. This process encompasses both the value chain and corporate governance.
Sustainability in the Value Chain
The value chain provides numerous entry points for integrating sustainability aspects. Companies analyze each step of their supply chain for optimization potentials.
In procurement, sustainable suppliers are preferred. This can be achieved by introducing environmental and social standards for suppliers.
In production, the focus is on resource-saving processes. Energy efficiency and waste reduction are priorities in this regard.
In sales, environmentally friendly packaging and low-emission transport routes are prioritized. The development of sustainable products is also gaining importance.
Sustainable Corporate Governance
Sustainable corporate governance integrates ecological and social aspects into strategic decision-making processes. Transparency and responsibility play a central role here.
Companies establish sustainability goals as a fixed component of their corporate strategy. These are regularly reviewed and adjusted.
The implementation of sustainability metrics into controlling enables continuous monitoring of progress. These metrics are included in the performance assessment of executives.
Training and further education raise employees' awareness of sustainability issues. This promotes the embedding of sustainability thinking in corporate culture.
Reporting and Validation
Reporting and validation are critical steps in the CSRD process. They ensure transparency and credibility of a company's sustainability information.
Preparation of the Sustainability Report
The preparation of the sustainability report is based on the results of the inside-out analysis. Companies must collect and prepare relevant data on the identified significant topics. The European Sustainability Reporting Standards (ESRS) provide the framework for the report structure.
The report should include quantitative and qualitative information. Metrics, goals, and measures related to environmental, social, and governance aspects should be incorporated. A clear presentation of the sustainability strategy and its implementation is required.
Companies must ensure that the reported data are complete, accurate, and comparable. Utilizing recognized reporting standards enhances the quality and comparability of the information.
External Audit and Disclosure
The CSRD mandates a compulsory external audit of the sustainability report. An independent auditor assesses the accuracy and completeness of the disclosed information. This increases the credibility of the report for stakeholders.
The audit process includes:
Review of data collection and processing
Evaluation of the materiality analysis
Verification of reported metrics and statements
Upon successful completion of the audit, the sustainability report is published. Disclosure may occur in the annual report or as a separate document. Companies are required to make the report accessible on their website and in public registers.
Legal Framework and Compliance
The inside-out analysis within the framework of double materiality is subject to strict legal requirements. EU directives and the CSRD reporting form the core of the regulatory environment.
EU Directives and Taxonomy
The EU Taxonomy Regulation establishes criteria for environmentally sustainable economic activities. It is a central element for the inside-out analysis. Companies must evaluate and disclose their activities based on these criteria.
The EU directive on sustainability reporting expands reporting obligations. It requires detailed information on environmental, social, and governance topics.
Responsibilities within the company must be clearly defined. Compliance with EU requirements often necessitates the establishment of specialized teams or departments.
CSRD-Compliant Reporting
The Corporate Sustainability Reporting Directive (CSRD) imposes heightened demands on sustainability reporting. It requires a comprehensive presentation of the company's impacts on the environment and society.
CSRD-compliant reports must be precise and comparable. They should contain quantitative and qualitative information. Data collection and processing must be systematic and traceable.
Companies must align their reporting with the European Sustainability Reporting Standards (ESRS). These standards ensure a consistent and transparent representation of sustainability performance.
The auditing of reports by independent third parties will become mandatory. This increases the credibility and reliability of the disclosed information.
Best Practices and Support
The successful execution of an inside-out analysis requires careful planning and expertise. Proven methods and external support can significantly ease the process.
Examples from Successful Companies
Many companies have already successfully implemented the inside-out analysis. A leading automotive manufacturer used questionnaires to capture impacts on the environment and society. This helped identify improvement potentials in the supply chain.
A food corporation relied on workshops with different departments. This illuminated sustainability topics from various perspectives. The result was a holistic view of corporate activities.
A technology company developed a roadmap for gradual implementation. This included clear milestones and responsibilities.
Role of Consultants and Software
External consultants can provide valuable support in the inside-out analysis. They bring expertise and experience to structure and optimize the process.
Specialized software tools facilitate data collection and analysis. They help systematically capture and assess impacts.
Auditors play a crucial role in validating the results. Their expertise ensures that the analysis complies with CSRD requirements.
Standardized questionnaires support the consistent collection of information. They ensure consistency and comparability of the data.
Frequently Asked Questions about Inside-Out Analysis
The double materiality analysis is a central element of CSRD reporting. It requires careful consideration of both company impacts and external influences on the company.
What is meant by the principle of double materiality within the framework of the CSRD?
The principle of double materiality encompasses two perspectives: inside-out and outside-in. The inside-out perspective examines the company's impacts on the environment and society.
The outside-in perspective analyzes how sustainability topics affect business success. Both aspects are necessary for comprehensive sustainability reporting according to the CSRD.
How is a materiality analysis conducted in the context of the CSRD?
The CSRD materiality analysis begins with identifying relevant stakeholders and a thorough examination of business activities. Business models, supply chains, and operational processes are analyzed.
Subsequently, potential impacts and risks in both directions – emanating from the company and impacting the company – are identified and assessed.
How does the double materiality analysis differ from traditional materiality analyses?
Traditional materiality analyses often focus only on the impacts of sustainability topics on the company. The double materiality extends this approach with the inside-out perspective.
It additionally considers how the company affects the environment and society. This leads to a more comprehensive view of sustainability performance.
What steps are necessary to conduct a double materiality analysis?
The first step is to identify relevant stakeholders and analyze the current status. This is followed by identifying potential impacts in both directions.
Subsequently, these impacts are assessed and prioritized. Based on this, needs for action and goals for the company can be derived.
How can double materiality be practically applied?
A company could first analyze its CO2 footprint (inside-out). At the same time, it investigates how rising CO2 prices might affect its business activities (outside-in).
Based on these insights, measures for CO2 reduction and adaptation to future regulations can be developed.
What role do the ESRS play in the process of double materiality analysis?
The European Sustainability Reporting Standards (ESRS) provide concrete guidelines for conducting the double materiality analysis. They define relevant sustainability topics and reporting requirements.
Companies orient themselves to the ESRS to ensure that their materiality analysis meets the CSRD requirements and considers all relevant aspects.
The inside-out analysis within the framework of the double materiality is a central component of the Corporate Sustainability Reporting Directive (CSRD). Companies must systematically record and assess their impacts on the environment, social issues, and governance. This process enables organizations to transparently present their sustainability performance and improve it purposefully.
The implementation takes place in several sequential steps. First, relevant sustainability topics are identified and prioritized. Subsequently, companies analyze their business activities, supply chains, and stakeholder relationships in terms of potential impacts. This forms the basis for developing strategies and management approaches to govern significant sustainability aspects.
The insights gained are incorporated into the sustainability reporting and help companies meet the requirements of the CSRD and the European Sustainability Reporting Standards (ESRS). A careful inside-out analysis creates transparency, enables data-driven decisions, and supports the integration of sustainability into the business model.
Inside-Out Analysis: The Essentials in Brief
The inside-out analysis systematically captures company impacts on sustainability aspects
Prioritization of relevant topics and stakeholders forms the basis for effective sustainability management
Results serve as the basis for CSRD-compliant reporting and strategic decisions
Double Materiality: Inside-Out and Outside-In Perspectives
The double materiality analysis encompasses two complementary viewpoints: the inside-out and outside-in perspectives. These approaches enable companies to holistically examine their sustainability impacts and risks.
Characteristics of the Inside-Out Perspective
The inside-out perspective focuses on a company's impacts on the environment and society. It examines how business activities along the value chain influence external factors.
Companies identify both positive and negative effects of their activities. This can include environmental impacts such as CO2 emissions or social aspects like labor conditions.
The analysis considers both actual and potential influences. It helps companies understand their responsibilities towards stakeholders and develop sustainable business practices.
Importance of the Outside-In Perspective
The outside-in perspective looks at how external sustainability factors influence the company. It analyzes financial risks and opportunities arising from environmental, social, and governance topics.
Companies assess how climate change, resource scarcity, or societal changes might affect their business models. This viewpoint is critical for long-term value creation and the resilience of the company.
The outside-in analysis supports strategic planning and risk management. It enables companies to prepare for future challenges and to recognize opportunities early on.
Essential Steps for the Inside-Out Analysis
The inside-out analysis is an essential component of double materiality within the framework of the CSRD. It enables companies to systematically capture and assess their impacts on the environment, society, and economy.
Identification of Relevant Topics
The analysis begins with identifying relevant sustainability topics. Companies should closely examine their business activities, products, and services. Industry-specific standards and international guidelines like the UN Sustainable Development Goals can serve as orientation.
It is advisable to create a list of potential impacts. This may include environmental aspects such as CO2 emissions, social issues like labor conditions, and governance questions like corruption prevention.
A prioritization of topics based on their relevance to the company and its stakeholders is sensible.
Holistic Consideration through Value Chain Analysis
A value chain analysis is essential for a comprehensive sustainability strategy. This analysis considers not only the internal processes of the company but also the upstream and downstream activities across the entire value chain.
In this way, the impacts that the company causes or influences with its suppliers, customers, and downstream use phases can be identified. This allows for a holistic examination of sustainability performance and targeted derivation of measures to minimize negative and maximize positive impacts along the entire value chain.
Involvement of Stakeholders
Stakeholders play a central role in the inside-out analysis. Their perspectives help identify blind spots and validate the relevance of topics.
Important steps include:
Identification of relevant stakeholder groups (e.g., employees, customers, suppliers)
Development of suitable engagement formats (interviews, workshops, surveys)
Conducting the stakeholder dialogue
Analysis and integration of the results
The insights gained should be incorporated into the evaluation of topics and risks. Regular stakeholder surveys allow changes to be recognized early.
Assessment and Documentation
The final step includes the careful documentation of the analysis results. A clear and understandable presentation is crucial for reporting and internal decision-making processes.
The following elements should be documented:
Methodology of the analysis
Identified topics and their prioritization
Risks and opportunities with evaluation
Results of stakeholder engagement
Sub-topics and sub-sub-topics
Positive or negative impacts
Derived measures and goals
Reporting
For reporting, it is advisable to use recognized frameworks such as GRI or SASB, as these facilitate comparability and compliance with reporting standards. A new area in reporting should focus on deriving the relevant disclosure requirements from the material sustainability aspects. Here, the EFRAG Mapping Table can provide valuable support in aligning the key aspects with the requirements of the European sustainability reporting standards.
The results of the inside-out analysis form an important basis for sustainability reports and the strategic direction of the company.
Industry-Specific Requirements of the Inside-Out Analysis
The double materiality analysis requires precise consideration of industry-specific aspects and their implementation according to ESRS 1 and 2. Companies must analyze their sectors and identify the relevant requirements.
Analysis of Economic Sectors
Each industry has its own challenges and impacts on sustainability. Companies must closely examine their specific sectors.
This includes the identification of industry-specific risks and opportunities. For example, the automotive industry focuses on emissions reduction and alternative drives.
The financial sector places special emphasis on sustainable investments and risk management. In retail, supply chains and product responsibility are at the forefront.
A thorough analysis helps companies prioritize the sustainability topics relevant to them.
Implementation of ESRS 1 and 2
ESRS 1 and 2 form the basis for industry-specific reporting. The ESRS 1 defines general principles, while ESRS 2 specifies overarching disclosure requirements.
Companies must apply these standards to their industry. This includes identifying significant sustainability topics and their impacts.
The implementation requires a clear governance structure and robust data management systems. Companies should develop key performance indicators (KPIs) that reflect their industry specifics.
Close coordination between financial and sustainability departments is crucial for consistent reporting.
Strategy and Management
Integrating sustainability into strategy and management is essential for companies within the framework of the CSRD. A clear alignment and effective structures form the basis for successful sustainability initiatives.
Alignment of the Sustainability Strategy
The sustainability strategy should be closely linked to the business model. Companies must identify their significant impacts on the environment and society and derive concrete goals from them. These goals should be measurable, time-bound, and accompanied by clear responsibilities.
Important elements of a robust sustainability strategy include:
Long-term vision for sustainable economic practices
Short and medium-term milestones
Consideration of the entire value chain
Involvement of relevant stakeholders
Establishment of Sustainability Management
An effective sustainability management requires clear structures and processes. Central to this is the anchoring of sustainability at the board level. A dedicated sustainability team coordinates activities and consolidates knowledge.
Core elements of sustainability management include:
Clear responsibilities and reporting lines
Regular training for employees
Systematic data management
Integration into risk management and controlling
The implementation of management systems like ISO 14001 or EMAS can support the establishment of structured processes.
Integration into the Business Model
Integrating sustainability aspects into the business model is a central component of the double materiality analysis. This process encompasses both the value chain and corporate governance.
Sustainability in the Value Chain
The value chain provides numerous entry points for integrating sustainability aspects. Companies analyze each step of their supply chain for optimization potentials.
In procurement, sustainable suppliers are preferred. This can be achieved by introducing environmental and social standards for suppliers.
In production, the focus is on resource-saving processes. Energy efficiency and waste reduction are priorities in this regard.
In sales, environmentally friendly packaging and low-emission transport routes are prioritized. The development of sustainable products is also gaining importance.
Sustainable Corporate Governance
Sustainable corporate governance integrates ecological and social aspects into strategic decision-making processes. Transparency and responsibility play a central role here.
Companies establish sustainability goals as a fixed component of their corporate strategy. These are regularly reviewed and adjusted.
The implementation of sustainability metrics into controlling enables continuous monitoring of progress. These metrics are included in the performance assessment of executives.
Training and further education raise employees' awareness of sustainability issues. This promotes the embedding of sustainability thinking in corporate culture.
Reporting and Validation
Reporting and validation are critical steps in the CSRD process. They ensure transparency and credibility of a company's sustainability information.
Preparation of the Sustainability Report
The preparation of the sustainability report is based on the results of the inside-out analysis. Companies must collect and prepare relevant data on the identified significant topics. The European Sustainability Reporting Standards (ESRS) provide the framework for the report structure.
The report should include quantitative and qualitative information. Metrics, goals, and measures related to environmental, social, and governance aspects should be incorporated. A clear presentation of the sustainability strategy and its implementation is required.
Companies must ensure that the reported data are complete, accurate, and comparable. Utilizing recognized reporting standards enhances the quality and comparability of the information.
External Audit and Disclosure
The CSRD mandates a compulsory external audit of the sustainability report. An independent auditor assesses the accuracy and completeness of the disclosed information. This increases the credibility of the report for stakeholders.
The audit process includes:
Review of data collection and processing
Evaluation of the materiality analysis
Verification of reported metrics and statements
Upon successful completion of the audit, the sustainability report is published. Disclosure may occur in the annual report or as a separate document. Companies are required to make the report accessible on their website and in public registers.
Legal Framework and Compliance
The inside-out analysis within the framework of double materiality is subject to strict legal requirements. EU directives and the CSRD reporting form the core of the regulatory environment.
EU Directives and Taxonomy
The EU Taxonomy Regulation establishes criteria for environmentally sustainable economic activities. It is a central element for the inside-out analysis. Companies must evaluate and disclose their activities based on these criteria.
The EU directive on sustainability reporting expands reporting obligations. It requires detailed information on environmental, social, and governance topics.
Responsibilities within the company must be clearly defined. Compliance with EU requirements often necessitates the establishment of specialized teams or departments.
CSRD-Compliant Reporting
The Corporate Sustainability Reporting Directive (CSRD) imposes heightened demands on sustainability reporting. It requires a comprehensive presentation of the company's impacts on the environment and society.
CSRD-compliant reports must be precise and comparable. They should contain quantitative and qualitative information. Data collection and processing must be systematic and traceable.
Companies must align their reporting with the European Sustainability Reporting Standards (ESRS). These standards ensure a consistent and transparent representation of sustainability performance.
The auditing of reports by independent third parties will become mandatory. This increases the credibility and reliability of the disclosed information.
Best Practices and Support
The successful execution of an inside-out analysis requires careful planning and expertise. Proven methods and external support can significantly ease the process.
Examples from Successful Companies
Many companies have already successfully implemented the inside-out analysis. A leading automotive manufacturer used questionnaires to capture impacts on the environment and society. This helped identify improvement potentials in the supply chain.
A food corporation relied on workshops with different departments. This illuminated sustainability topics from various perspectives. The result was a holistic view of corporate activities.
A technology company developed a roadmap for gradual implementation. This included clear milestones and responsibilities.
Role of Consultants and Software
External consultants can provide valuable support in the inside-out analysis. They bring expertise and experience to structure and optimize the process.
Specialized software tools facilitate data collection and analysis. They help systematically capture and assess impacts.
Auditors play a crucial role in validating the results. Their expertise ensures that the analysis complies with CSRD requirements.
Standardized questionnaires support the consistent collection of information. They ensure consistency and comparability of the data.
Frequently Asked Questions about Inside-Out Analysis
The double materiality analysis is a central element of CSRD reporting. It requires careful consideration of both company impacts and external influences on the company.
What is meant by the principle of double materiality within the framework of the CSRD?
The principle of double materiality encompasses two perspectives: inside-out and outside-in. The inside-out perspective examines the company's impacts on the environment and society.
The outside-in perspective analyzes how sustainability topics affect business success. Both aspects are necessary for comprehensive sustainability reporting according to the CSRD.
How is a materiality analysis conducted in the context of the CSRD?
The CSRD materiality analysis begins with identifying relevant stakeholders and a thorough examination of business activities. Business models, supply chains, and operational processes are analyzed.
Subsequently, potential impacts and risks in both directions – emanating from the company and impacting the company – are identified and assessed.
How does the double materiality analysis differ from traditional materiality analyses?
Traditional materiality analyses often focus only on the impacts of sustainability topics on the company. The double materiality extends this approach with the inside-out perspective.
It additionally considers how the company affects the environment and society. This leads to a more comprehensive view of sustainability performance.
What steps are necessary to conduct a double materiality analysis?
The first step is to identify relevant stakeholders and analyze the current status. This is followed by identifying potential impacts in both directions.
Subsequently, these impacts are assessed and prioritized. Based on this, needs for action and goals for the company can be derived.
How can double materiality be practically applied?
A company could first analyze its CO2 footprint (inside-out). At the same time, it investigates how rising CO2 prices might affect its business activities (outside-in).
Based on these insights, measures for CO2 reduction and adaptation to future regulations can be developed.
What role do the ESRS play in the process of double materiality analysis?
The European Sustainability Reporting Standards (ESRS) provide concrete guidelines for conducting the double materiality analysis. They define relevant sustainability topics and reporting requirements.
Companies orient themselves to the ESRS to ensure that their materiality analysis meets the CSRD requirements and considers all relevant aspects.
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