Measuring what matters: The need for ESG materiality assessments
Environmental, social and governance (ESG) materiality assessments identify topics that reflect significant economic, environmental and social impacts on businesses and how they can substantively influence the judgments and decisions of an organization’s stakeholders. Companies in the process of disclosing or wanting to disclose their sustainability performance in line with the Global Reporting Initiative (GRI), Sustainability Accountability Standards Board (SASB), Corporate Sustainability Reporting Directive (CSRD) and the European Directive on non-financial reporting must conduct a materiality assessment to successfully report.
Don’t face the challenge alone — UL Solutions ESG Materiality Assessment Advisory Service experts can guide you through the complex process and provide you with the independent assessment support your organization needs to navigate evolving or new CSRD requirements, locate double materiality examples and more.
Discover the benefits of an ESG materiality assessment
From enhancing stakeholder engagement to shaping a broader societal understanding of sustainable development to fostering a better business reputation with proof of your positive performance, ESG materiality assessments can enhance business value and bring long-term benefits.
Whether you’re at the beginning of your journey and need a single materiality assessment or CSRD requires you to have a double materiality assessment, UL Solutions ESG Materiality Assessment Advisory Service offers expert-led:
Material Topic Identification that is peer-based, considers your organization’s key drivers, its economic, environmental and social impact, and more, and is compliant with selected relevant frameworks such as GRI, SASB, SDG or CSRD guidelines.
Scope Assessment Program that pinpoints potential ESG issues impacts based on industry trends, peers and company information, and identifies internal and external stakeholders.
Data Collection that uses an innovative survey created with cutting-edge UL 360 software, along with UL Solutions expert-led interviews and workshops.
Results Review that analyzes results, adjusts methodology based on response rate and validates preliminary results with the project team.
Final Report that delivers a single or double materiality report with internal and external publication notes and an actionable road map that includes recommended next steps for ESG key performance indicators (KPI) and reporting.
With a final report in hand, you can take your organization’s ESG program to the next level and more efficiently communicate the findings with stakeholders. UL Solutions strives for full transparency — we provide all tools, databases and measurements used during single or double material assessment projects to the customer throughout the service.
ESG and Sustainability Management Software
Learn more about UL Solutions ESG reporting software.
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