What does Double Materiality mean in ESG?
Alberto Bailin Co-founder of Lienzo
Photo by Mikita Yo
Double materiality is a concept in corporate social responsibility (CSR) that acknowledges the dual impacts that a company can have on both the environment and society, as well as the potential impacts that environmental and social issues can have on the company's operations and financial performance.
Let's look at this definition through an example:
Why is double materiality important?