The Double Materiality Assessment (DMA) is a tool that helps your company to identify its impacts and business risks and opportunities in your industry and current market situation. The analysis can be carried out to support either CSRD reporting or strategic operations.

The DMA is a key part of CSRD-aligned reporting and forms the basis for final reporting. With a well-planned and executed DMA, we facilitate the next steps in reporting and ensure that reporting is meaningful and aligned with your business strategy.

We approach the double materiality assessment in a human-oriented manner and with the involvement of stakeholders. Our experienced consultants thoroughly study your company’s operations, stakeholders and value chain, as well as the impacts, risks and opportunities they entail. The outcome is that your company is informed of the impacts, risks and opportunities that are the most material to your business and reporting needs, practical action proposals and clear documentation that helps you to continue your sustainability work.

The EU’s CSRD (Corporate Sustainability Reporting Directive) sets increasingly strict requirements for the sustainability disclosures of companies. This requires companies to report more comprehensively and transparently on their sustainability factors. A CSRD-aligned sustainability report must comply with the ESRS (European Sustainability Reporting Standards), which bring consistency, transparency and comparability to reporting. At the same time, however, they impose strict requirements on companies with regard to the content, structure and presentation of the report.

Based on the market situation and the requirements of your stakeholders, we can help you to assess whether ESRS-compliant reporting is a good choice as your company's voluntary form of sustainability reporting.

We can support your company in sustainability reporting in many ways. We can produce comprehensive reporting content or offer consulting services, such as mentoring and training to support reporting. We help companies to produce high-quality and effective reporting content that meets ESRS requirements and comprehensively supports the company’s sustainability communications. 

The Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME) is becoming a necessary cornerstone of reporting for many companies. The VSME consists of two modules: the base module and the comprehensive module. 

We can help your company in several stages of reporting, such as selecting the scope of reporting and providing training on specific topics. If your company has already carried out a DMA, it is especially important to maximise the value creation in the report execution phase.

We are happy to discuss the planning and implementation of possible alternatives.

The purpose of the EU Taxonomy is to help a company to demonstrate its sustainable activities to its stakeholders and financial institutions. By reporting on activities covered by the EU Taxonomy, a company can, for example, obtain loans on more favourable terms.  

The EU Taxonomy is part of the CSRD implementation process and focuses on the environmental aspects of the ESRS standards. Contrary to the ESRS standards, the EU Taxonomy addresses climate change in two parts: 1. climate change mitigation and 2. climate change adaptation. The other areas of the EU Taxonomy are 3. the sustainable use and protection of water and marine resources, 4. the transition to a circular economy, 5. the prevention and reduction of environmental pollution and 6. the protection and restoration of biodiversity and ecosystems. 

For a company’s activities or part thereof to meet the requirements of the EU Taxonomy, it must meet certain defined criteria. 

• The first step is to determine whether the company’s operations are Taxonomy-eligible, i.e. whether they fall within the scope of the EU Taxonomy Regulation.
• With regard to Taxonomy-eligible activities, the next step is to consider whether the activities significantly contribute to the achievement of an environmental objective.
• With regard to activities that satisfy the criteria, it is then reviewed that these activities do no significant harm (DNSH) to any other environmental objective (1–6).
• The final phase considers whether the minimum safeguards of social protection are met.

We offer the measures required by the Taxonomy Regulation as a comprehensive package or by supporting your company’s EU Taxonomy project as part of it. Going forward, we can help your company to identify the areas to be reported in order to ensure effective reporting for any voluntary EU Taxonomy reporting. Our services also include training and assurance services related to the EU Taxonomy.

Corporate responsibility themes and sustainability reporting are crucial factors that influence the decisions of clients, partners and investors, and strengthen your company’s competitive position in the market. Sustainability reporting aligned with the EU’s Corporate Sustainability Reporting Directive (CSRD) and ESRS standards provides a comprehensive view of your company’s environmental, social and governance (ESG) impacts.

Our goal is to help your company to understand the significance of corporate responsibility and sustainability reporting. With our help, your company receives clear-cut instructions for sustainable business and can take advantage of the opportunities presented by sustainability. 

Also read about the ESG strategy.