In this Frankly Speaking episode, we explore how companies should undertake a materiality assessment when they tackle their sustainability report. The concept of materiality is derived from financial accounting in business and human rights, and very simply asks the question: does this information matter? To guide us, we welcome back ⁠Filip Gregor⁠, head of ⁠Frank Bold’s Responsible Companies section⁠ and member of EFRAG’s Sustainability Reporting Board, which draws up and recommends the European Sustainability Reporting Standards (ESRS). Richard and Filip discuss: How materiality is done in the ESRS and what does double materiality mean How companies should start to think about assessing and measuring impact materiality The logic behind the "traffic light" system for risk assessment in ⁠EFRAG's draft guidance on Materiality Assessment⁠ Filip’s advice to companies that want to better understand financial materiality What is the role of the stakeholder in relation to the materiality question Listen in and follow us on ⁠⁠LinkedIn⁠⁠ and ⁠⁠⁠Twitter⁠⁠⁠! ***Participate in our ⁠anonymous survey⁠: Help us understand what you enjoy in the show, what you want us to do better, and who you want to listen to next! https://forms.gle/xCkhhWrwf6qCiyJHA

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.