The new EU corporate ESG regulation, notably the Corporate Sustainability Reporting Directive (CSRD), significantly increases the number of disclosures companies have to make about sustainability matters they deem material. While this is an opportunity for companies to show their sustainability efforts to a wider audience, it also presents a challenge of new requirements and bringing in and navigating different departments in the assessment and reporting process.
What is a double materiality assessment and what does it mean for my organisation?
A double materiality assessment is the essential first step towards CSRD compliance so that organisations can focus their efforts on the sustainability matters that are most relevant to them and their stakeholders. Double materiality assessment entails considering the relevance of sustainability matters from two perspectives - the impact of organisations on people and the environment (impact materiality), and how outside sustainability matters impact organisations (financial materiality).
While the double materiality assessment determines the scope of the organisation’s sustainability reporting, it also enables an efficient allocation of the resources needed to achieve CSRD compliance and provides indispensable insights for shaping company strategy.
Although the CSRD provides some guidelines for this, ultimately an organisation will have to determine for itself which subjects it deems material, and it must substantiate the choices it makes.
How to leverage the CSRD requirements to shape the organisation's encompassing strategy?
This training program equips participants with the knowledge and skills to assess the materiality of both dimensions: impact materiality and financial materiality, enabling them to accurately identify KPIs and disclosure requirements relevant for their organisation. This process is the most important step for organisations to report on their organisation's ESG performance.
By understanding this dual perspective, participants will gain a comprehensive understanding of how to integrate ESG considerations into their business models and strategy, and consequently enhance their reporting framework for greater transparency and sustainability.
Who is it for?
For those who want to understand how their business can thrive in the ESG era and leverage the CSRD requirements for resilience of their business in the future:
Senior management to gain the understanding of the impact on business
Management to understand the various aspects they should keep in mind when adopting the CSRD regulation
ESG team members to get a bigger picture on how different parts of the CSRD regulation are adopted
Finance to understand different parts of the reporting process
Marketing and investor communication on how to present the ESG data in a transparent and meaningful way
HR teams to understand their part in ESG reporting process
Benefits for participants
After the workshop participants will be able to:
Understand the double materiality assessment process and apply it to their own organisations
Understand the importance of stakeholder engagement
Develop a clear outline and roadmap of activities to define material topics
Identify key people and processes for the assessment within their organisation
Use insights to enhance their sustainability reporting framework
Deepen the understanding of their organisation from the sustainability impacts, risks and opportunities point of view, which will influence the organisation's long term strategy
Our tutors
Amorella Horvat Topic is an ESG services Manager at PwC Croatia. She has over six years of experience in sustainability and corporate social responsibility consulting, with a focus on strategy implementation, EU taxonomy, sustainability reporting, UN SDGs, knowledge of international standards such as GRI for sustainability reporting and ISO standards.
Amorella holds an MSc in Corporate Social Responsibility with environmental management from The University of York and a MA in European and international studies from the European Institute, with a BA in Communication science from The University of Zagreb.
Nataša Kos is an ESG manager at PwC Croatia. For the past ten years, she has worked as a sustainability development expert in the Oil and Gas, and pharmaceutical industry and has experience in the implementation of sustainability strategies, action plans and ESG/non-financial reporting; in accordance with GRI, UN SDGs.
She has experience in stakeholder engagement projects and educating internal and external stakeholders about sustainability. She also has experience working in sustainable procurement with an emphasis on the implementation of ESG criteria in procurement processes and the creation of programmes for supplier sustainability assessments.
She has a GRI certificate, as well as a University of Cambridge certificate for Sustainable Development and Circular Economy.
Date:
25 April 2024, 9am-3pm CET
Venue:
PwC's Academy, Heinzelova 70/VII, Zagreb
Language:
Croatian
Price:
EUR 180 + VAT (lunch included)
