Materiality
Assessment
Unlock sustainable growth with our expert Materiality Assessment services. We help you prioritize key ESG issues through stakeholder engagement, impact assessment, and double materiality assessment. From materiality matrices to SASB insights and stakeholder engagement plans, we align your strategy with stakeholder expectations and global standards for environmental and social impact assessment.
What is Materiality Assessment?
A materiality assessment is a strategic process that helps organizations identify and prioritize the environmental, social, and governance (ESG) issues that matter most to their stakeholders and business success. By engaging with key stakeholders—including customers, investors, employees, and communities—companies can determine which sustainability topics have the greatest impact on their operations and reputation.
Through a combination of stakeholder engagement and impact assessment, a materiality assessment maps out the most critical issues in a materiality matrix. This process not only aligns corporate strategy with stakeholder expectations but also supports compliance with global reporting frameworks like GRI, SASB, and the SASB materiality map.
Materiality assessments go beyond traditional risk evaluations by integrating double materiality—examining both the financial impact on the company and the company’s impact on the environment and society. This approach is essential for creating a robust stakeholder engagement plan and addressing evolving ESG requirements such as environmental impact assessment and social impact assessment.
By conducting a materiality assessment, businesses gain actionable insights that inform sustainability strategies, reporting, and decision-making—ultimately driving long-term value and positive impact.
Through a combination of stakeholder engagement and impact assessment, a materiality assessment maps out the most critical issues in a materiality matrix. This process not only aligns corporate strategy with stakeholder expectations but also supports compliance with global reporting frameworks like GRI, SASB, and the SASB materiality map.
Materiality assessments go beyond traditional risk evaluations by integrating double materiality—examining both the financial impact on the company and the company’s impact on the environment and society. This approach is essential for creating a robust stakeholder engagement plan and addressing evolving ESG requirements such as environmental impact assessment and social impact assessment.
By conducting a materiality assessment, businesses gain actionable insights that inform sustainability strategies, reporting, and decision-making—ultimately driving long-term value and positive impact.
Trusted by 200+ Clients
Our Approach
Insight-Driven
Our materiality assessment uses stakeholder engagement, impact assessments, and stakeholder management to highlight what matters most for your business and stakeholders.
Customized to You
We tailor the materiality assessment to your industry and priorities, using stakeholder engagement plans, materiality matrix, SASB materiality map, and double materiality insights.
Actionable & Aligned
We deliver clear, actionable materiality assessment results aligned with global standards, helping you prioritize sustainability goals and build stakeholder trust.
How Can Growlity Support You?
Tailored Materiality Assessment
- Growlity provides tailored materiality assessment to identify and prioritize key ESG issues for your business.
- We use tools like the SASB materiality map for industry relevance and precision.
- This builds stakeholder trust, transparent reporting, and stronger sustainability positioning.
Stakeholder Engagement Insights
- We design a stakeholder engagement framework to gather insights for your materiality matrix.
- Our stakeholder engagement plan ensures active participation from key internal and external stakeholders.
- This drives more informed decisions and effectively strengthens overall ESG strategy alignment.
Double Materiality & Impact
- Growlity applies double materiality assessment to assess financial and societal impacts.
- We conduct social impact assessment and environmental impact assessment for a 360-degree view.
- This approach aligns sustainability goals with regulatory and stakeholder expectations.
Why Choose Growlity?
Clients Globally
Experts in Global Team
Sectors Served
Our Step-by-Step Methodology
Stakeholder Engagement & Identification
Impact Identification & Assessment
Materiality Matrix Development
Double Materiality Analysis
Reporting & Action Plan
FAQs: Materiality Assessment
Q1. What is a materiality assessment?
A materiality assessment is a process that helps organizations identify and prioritize the environmental, social, and governance (ESG) issues that matter most to their stakeholders and business impact. It forms the foundation for effective stakeholder engagement and sustainability reporting.
Q2. Why is materiality assessment important for businesses?
Materiality assessment is important because it ensures that companies focus their resources on the most significant issues, enabling better risk management, impact assessment, and alignment with sustainability standards like the SASB Materiality Map.
Q3. How does stakeholder engagement contribute to a materiality assessment?
Stakeholder engagement is a critical part of a materiality assessment. By consulting with stakeholders—including customers, employees, investors, and communities—organizations gain valuable insights into the social, environmental, and economic impacts that are most important to them.
Q4. What is the difference between a materiality assessment and a double materiality assessment?
A materiality assessment focuses on the issues that impact a company’s financial performance, while a double materiality assessment also considers the company’s impacts on the environment and society. Double materiality is becoming more relevant with evolving ESG regulations and reporting requirements.
Q5. How do you create a stakeholder engagement plan for a materiality assessment?
A stakeholder engagement plan outlines how an organization will identify, communicate with, and gather input from key stakeholders during the materiality assessment process. This plan may include surveys, interviews, workshops, and stakeholder mapping.
Q6. What is the role of an impact assessment in materiality assessment?
Impact assessment evaluates the environmental and social impacts of a company’s operations, which informs the materiality assessment by identifying critical areas for sustainability action and reporting.
Q7. How is a materiality matrix used in the assessment process?
A materiality matrix visually maps the importance of different issues from both stakeholder and business perspectives. It helps prioritize sustainability topics and guides decision-making for responsible business practices.
Q8. How does environmental and social impact assessment relate to materiality?
Environmental impact assessment (EIA) and social impact assessment (SIA) provide data on a company’s external impacts, which feed into the materiality assessment to ensure that both internal and external material issues are addressed.
Q9. Why is the SASB Materiality Map useful?
The SASB Materiality Map is a tool that shows which sustainability issues are likely to be financially material for companies in different industries. It helps businesses focus their materiality assessment on industry-specific risks and opportunities.
Q10. How often should a company conduct a materiality assessment?
It is recommended to conduct a materiality assessment every 2–3 years, or sooner if there are significant changes in business operations, stakeholder expectations, or regulatory requirements.
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