Double Materiality Assessment (DMA)
A double materiality assessment (DMA) is an evaluation process that assesses the impacts, risks, and opportunities of certain businesses from two different perspectives: INSIDE–OUT–VIEW – assessing the company’s effect on society and the environment, and OUTSIDE–IN–VIEW – evaluates how sustainability-related developments and events create risks and opportunities for the organization, such as reputation risk, financial risks or the introduction of new sustainable products.
Double Materiality Assessment (DMA)
It is essential to carry out a value chain analysis and identify where and how the business has a positive or negative impact and which stakeholder groups are affected. With our sustainability consultancy methods, we will identify key material issues (ESG) and their associated impact, risks, and opportunities for the business. This will provide a good start in positioning the sustainability strategy, which is the basis of the strategy.
The organization’s performance, be it financial, social, or environmental, changes yearly. Significance analysis will reflect these changes and provide a clearer picture of the current impact and performance. Double materiality is an analysis of meaning—the significance of some material aspects. It is business relevance and community relevance.
Material aspects are those that reflect an organization’s significant economic/governance, environmental, and social impact or substantially influence stakeholders’ assessments and decisions. Determining whether an issue or topic is materially significant requires quantitative assessments, dialogues, and discussions or debates with internal and external stakeholder groups. The term impact refers to substantial economic, environmental, and social impact, and it can be positive, negative, actual, potential, direct, indirect, long or short term, intended or unintended.
Why the DMA is so important?
The organization learns from past experiences, identifies new focus areas, and constantly improves its approach to sustainability and reporting. Involving stakeholders in the process will increase their confidence in the seriousness and responsibility of the organization.
The material list is subject to internal and external review, prioritization, and validation. Defining the material aspects and their limits is carried out in several concrete stages, and the materiality analysis brings long-term benefits to the business. The analysis itself is dense, as qualitative and quantitative data are analyzed, followed by statistical evaluations of inputs and more.
We can drive this double materiality analysis together with our sustainability consultancy methods; the methodology used is based on EFRAG’s materiality analysis development guide.
Benefits:
- Ability to identify business-relevant aspects with potentially significant internal or external impact.
- Enabling the sustainability strategic development of the business considering the identified impacts, risks, and opportunities. Outlines the areas where the organization must allocate resources to mitigate the impact. It offers the bridge to a transition and remodeling of the business into a sustainable business.
- Provides compliance with CSRD requirements, models, and maps future disclosures
- The involvement of stakeholder groups in the process leads to the identification and validation of risks and opportunities. Create an integrated co-creation approach with specific stakeholder groups.
We would like to be your trusted sustainability advisor.
Gabriela is an experienced Sustainability Advisor with large business management experience with a demonstrated history of working in the management consulting industry. Skilled in Sustainability Management area, ESG, Sustainability Strategy, HSE , etc. Her industry experience and innovative thinking combine to move our recommendations beyond formula and orthodoxy and pinpoint the best and most practical course of action.
Solving DMA can be Challenging but having the right people alongside you would be helpful.
Some Industries where Gabriela had big positive impact with her advisory
Using her passion, knowledge, and industry background she managed to help many companies from different sectors
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We bring deep and specialized knowledge in these fields, but what truly sets us apart is our holistic perspective. We understand that true value lies in capturing synergies and connections across boundaries, bridging the gaps between different parts of an organization by optimizing the collective impact of all components.
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Gabriela is our Founder, the consultant, the mentor, and the coach of many managers or sustainability managers in Romania. Over the past 15 years, she has provided support and advice to many Romanian companies in the area of sustainability.
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