ESG update: Presentation of our comprehensive 7-step ESG model

A brief introduction to the 7-step ESG model
  1. Scope Definition - Identify ESG aspects relevant to your organisation
  2. Double materiality analysis - Assess financial and impact materiality in terms of internal and external ESG implications
  3. Information materiality - Clarifying which ESG information is critical to stakeholders
  4. GAP analysis - Analysis of current practice and regulatory requirements
  5. Data collection - Collecting the data needed for accurate, reliable ESG reporting
  6. Validation - Ensuring the integrity of the data collected
  7. Reporting - Produce ESG reports based on best practice
Based on our current experience, we see a need to simplify the tasks to ensure compliance, and therefore propose to perform a double materiality analysis as a first step. Our consultants have developed a 4-step analysis for the double materiality assessment, which is essential for sustainability reporting and for understanding the topic in general.