Carbon Happy World White Logo CAA Logo REQUEST A DEMO

double materiality

Double materiality is an extension of the key accounting concept of materiality of financial information. Information on a company is material and should therefore be disclosed if “a reasonable person would consider it [the information] important”, according to the US Securities and Exchange Commission
Thanks to the work by the TCFD, it is now widely accepted within financial markets that climate-related impacts on a company can be material and therefore require disclosure.
The concept of double materiality takes this notion one step further: it is not just climate-related impacts on the company that can be material but also impacts of a company on the climate – or any other dimension of sustainability, for that matter (often subsumed under the environmental, social and governance, or ESG, label).

‘Double materiality’: what is it and why does it matter?

More From The Blog
  • World Clean Data Day 2024

    Read More

  • DTM Legal Partners with Carbon Happy World to Strengthen ESG Commitment in Liverpool City Region

    Read More

  • Embracing Sustainability: Your Pathway to Procurement Success

    Read More

  • What does the future of ESG Reporting look like?

    Read More

  • Carbon Happy World tell you what double materiality and ESG reporting is.

    Read More

OUR CUSTOMERS SAY:

“The sustainability in mind learning opened my mind to what I thought I knew. From the basic principles of climate change and its impact, to the social dynamics that have led us to where we are today. The course enabled me to reassess what it means to be a leader and it has given me confidence and motivation to initiate change.”
Helen Stephens – social entrepreneur and city councillor

“The carbon calculation process carried out by Carbon Happy World has been a fascinating and eye opening project for me. It provided essential insights into the sources and reasons behind our carbon emissions. The work has already enabled productive engagement with our suppliers to minimise environmental impact"
Desert Vipers, Head of Strategy Matt Bailey

“the consultancy enabled me to reassess what it means to be a leader and it has given me confidence & motivation to initiate change."

Consent(Required)