Using this well-respected evidence-based ESG assessment 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? Completing the ESG materiality assessment template 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. ESG Materiality Assessments form an informed and smart foundation to your ESG strategy.
"When we started this process, I thought it would be quick and simplistic. I thought I knew what needed to be done for the organisation to have a positive impact in the sustainability space. Hen has taught us that integrating environmental, social and governace sustainability practices is enormously rewarding but is a long term approach. It takes vision, patience and… one brave step! I wouldn’t want anyone else taking through this process. Hen is an expert who can guide any organisation through this excellent process."
- Stefan Lamour-Jansson, CEO, The Girls and Boys Brigade
To put it 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 Sustainability Assessment you will have answers to these questions.
This ESG materiality assessment survey 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.
How important is ESG? Read more about why your business can't ignore sustainability here.
In our ESG matrix example, we show how you might put together an ESG risk assessment for your company's ESG and sustainability strategy with the importance to stakeholders on one edge and the impact on the business on the other.
Example of an ESG materiality matrix
If you would like to learn more about our ESG risk consulting services, have us organise your ESG materiality assessment questionnaire, or help you plan and integrate sustainability into your organisation, book a meeting or contact us and we look forward to meeting you soon.
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