Experts: How ESG materiality assessments impact compliance
By 
Jeff Dale2023-09-22T12:52:00
Transparency in environmental, social, and governance reporting has become an important goal, with materiality assessments impacting compliance outcomes, experts said during Compliance Week’s virtual ESG Summit on Tuesday.
Hilary Wandall, chief ethics and compliance officer at business analytics firm Dun & Bradstreet, spoke as part of a session on materiality assessments. She was joined by Gwen Miller-Dannelongue, ESG and impact reporting manager at satellite imagery provider Planet Labs, who broke down the initial process of a materiality assessment.
“You’ll start by pulling a larger universe of topics that you think may be material to your organization,” Miller-Dannelongue said. “Typically, that’s 20 to 30 topics you have found via research of your peers.”
Related articles
-
PremiumSocial risks prove tripping point in early CSRD compliance efforts
Companies are still struggling to report meaningfully on societal risks as part of their efforts to meet demands for better environmental, social, and governance disclosures, experts discussed at Compliance Week’s Europe conference in London.
-
News BriefCompliance cost concerns raised as California enacts climate disclosure laws
The governor of California signed off on a pair of bills containing requirements for large businesses operating in the state to make disclosures regarding their climate-related risks and impacts, though not without mentioning work to be done on the compliance ramifications associated with each law.
-
PremiumAppreciating ESG fraud risk management
The factors that surround the environmental, social, and governance disciplines have grown from just a few to more than 50 considerations, indicating all three ESG elements carry equal weight when evaluating a proper corporate strategy.
More from ESG/Social Responsibility
-
ArticleCompliance must use AI to maximize benefits from sustainability reporting
Global pressure for sustainability reporting is rising. Despite political uncertainty and regulatory delays, companies continue to improve reports for regulators and stakeholders with the help of AI.
-
ArticleCompliance should prepare for more ESG reporting as global pressure rises
Most major organizations are not changing their ESG reporting plans, despite “regulatory ambiguity”, according to a report by consultancy KPMG. The researchers say this indicates market expectations are driving action as much as legal requirements.
-
Basic PageSEC dodges commitment on climate rule enforcement
The SEC refused to say whether it would enforce its landmark Climate-Related Disclosure Rules in a status report filed Wednesday, deepening uncertainty as the regulation faces legal challenges.