Materiality is the cornerstone of a meaningful sustainability report. Materiality assessment is necessary to identify and prioritise the most significant economic, environmental and social impacts, risks and opportunities. Reporting on material topics is the primary requirement of various reporting frameworks (e.g. GRI Standards, Sustainability Accounting Standards Board’s SASB Standards and the IFRS Foundation).

Whether you are preparing your sustainability report or an integrated report, developing your sustainability strategy or evaluating your existing approach, materiality assessment is the starting point. Getting your materiality assessment right can make the reporting process a breeze.

A rigorous assessment of material topics helps organisations to allocate their resources to those issues which are the most important for their stakeholders and which represent the most significant impacts of the business.