Double Materiality Assessment (DMA) - Whitepaper

Basic Concept & BDO’s 6-step approach

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The Corporate Sustainability Reporting Directive (CSRD) is on the horizon, poised to impact companies of all sizes. Whether through new reporting requirements or increasing stakeholder expectations, the pressure is mounting. 

To stay ahead, companies need to act now. Beginning with a Double Materiality Assessment (DMA) is the essential first step in the ESG reporting journey. It helps identify key areas of focus for reporting and strategic priority setting. 

The benefits of a qualitative DMA

In our white paper, you’ll find the basic concept of a Double Materiality Assessment as well as our comprehensive six-step approach to conducting a qualitative DMA.  

This process enables companies to pinpoint the most material ESG issues within their sphere of influence, based on a distinction between financial and impact materiality. It also helps to assess ESG risks and opportunities affecting your company’s bottom line.  

Our paper provides more information on each of the following steps, providing valuable insights for implementation: 

  • Business context & value chain 

  • Longlist analysis 

  • Stakeholder engagement 


  • IRO analysis 

  • Scoring 

  • Documentation & validation 

Download the whitepaper

 

If your company seeks further guidance or support in conducting a DMA, our team of ESG experts is ready to assist. Reach out to our experts Ignace Robberechts or Sander Moeys for more information.