Using this well respected evidence based tool, you will learn what the prioritised material ESG impacts are for your organisation. We will then use these impacts to form the foundation of your sustainability strategy.
An ESG Materiality Assessment is a tool used to identify and prioritise Impacts that are most relevant to your organisation. It is also the first step in understanding double materiality.
What is both important to your stakeholders and relevant to your organisational financial success, internally and externally? The assessment also acts as an important exercise in stakeholder engagement as the process ensures feedback from a wide range of stakeholders is taken into consideration.
The first step in the assessment involves identifying organisational Impacts, which can be positive or negative, actual or potential, intended or unintended, as well as internal or external. The significance of each Impact is assessed by your stakeholder groups an plotted on to a matrix.
After the assessment you will know where to begin and what impacts are most material for your organisation. An ESG Materiality Assessment forms an informed and smart foundation to your sustainability strategy.
"Our ESG Materiality Assessment saved our organisation time and money - we discovered where to begin and what mattered most to our stakeholders." One Brave Step client
Put simply, because your internal and external stakeholders care.
Your stakeholders are likely enquiring more and more frequently about what your organisation is doing in regards to activities that fall under the ESG umbrella. By conducting an ESG Materiality Assessment you will have answers to these questions.
This assessment can also assist in making the business case for ESG action or strategy internally, inform and enhance communication strategies, build new investor or donor relationships, assist in identifying long-term risks and meeting (and exceeding) stakeholder expectations.