CSRD & ESRS

Double materiality

Also known as: Double materiality assessment · DMA

The ESRS principle that a sustainability matter is reported if it is material from either an impact or a financial perspective, or both.

What it means

Double materiality is the ESRS principle under which a sustainability matter is reported if it is material from either of two perspectives, and assessing both is what makes it “double”.

The two perspectives

Impact materialityFinancial materiality
DirectionInside-outOutside-in
The questionHow do our activities affect people and the environment?How do sustainability matters affect our business?
ExampleEmissions, working conditions, pollution.Carbon-price exposure, physical climate risk to assets.
A matter is material, and therefore reported, if it meets either criterion. It does not have to be material from both.

Why it matters

The double-materiality assessment determines which topics and which ESRS disclosures an undertaking must report. It is the gate that decides the scope of the sustainability statement (ESRS 2 disclosures stay mandatory regardless).

How it relates to nearby concepts

Impact materiality maps to a company's impacts; financial materiality maps to its risks and opportunities, which together are the IROs the company discloses. It contrasts with the single (financial-only) materiality used by the ISSB.

Common misunderstandings

  • A topic must be material from both perspectives: It only needs to be material from one (impact or financial) to be reported.

Sources

Last reviewed: 19 June 2026

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