Sustainability

Double materiality assessment

A double materiality assessment is a method used to evaluate and prioritize sustainability topics based on two dimensions: Financial materiality and Impact materiality.

What is included in a double materiality assessment?

Financial materiality assesses how environmental, social, and governance (ESG) issues impact the organization’s financial performance. Impact materiality assesses how the organization’s activities affect the environment, society, and the economy.

This dual perspective helps organizations comply with regulations (like the EU’s Corporate Sustainability Reporting Directive), identify key ESG risks and opportunities, and communicate transparently with stakeholders.

Explore other terms like

Double materiality assessment

Transport/Logistics

Transport management system (TMS)

A transport management system (TMS) is software used to plan, manage, and report on the movement of goods. It helps companies oversee everything from route planning and carrier selection to shipment tracking and freight auditing.

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Transport/Logistics

Less-than-truckload (LTL)

Less-than-truckload (LTL) is a shipping method where multiple shipments from different companies share space in one truck. Each shipper pays only for the portion of the trailer their freight occupies, making it a cost-effective option for smaller loads.

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Sustainability

Scope 2 emissions

Scope 2 emissions are indirect emissions from the consumption of purchased electricity, steam, heat, and cooling i.e. energy that is generated off-site.

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