Listen to Filip Gregor, Head of Frank Bold’s Responsible Companies section and member of EFRAG’s Sustainability Reporting Board
In this Frankly Speaking episode, we explore how companies should undertake a materiality assessment when they tackle their sustainability report. The concept of materiality is derived from financial accounting in business and human rights, and very simply asks the question: does this information matter?
To guide us, we welcome back Filip Gregor, head of Frank Bold’s Responsible Companies section and member of EFRAG’s Sustainability Reporting Board, which draws up and recommends the European Sustainability Reporting Standards (ESRS).
In this episode, you’ll hear more about:
“The most fundamental change is that the EU Sustainability Reporting Standards require companies to apply specific criteria for assessing impacts and specific criteria for assessing financial effects. Those criteria are not opinions of their stakeholders. So when it comes to the impact, those criteria are the same as the criteria for the salient human rights issues, being the severity and likelihood of actual, respectively, potential impacts for the financial relevance, sustainability related risks and opportunities. Those are the criteria of the magnitude of financial effects on the company and the likelihood. That’s the most important one there.“
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What has been the experience of first-wave practitioners implementing the EU's sustainability reporting legislation? Listen to Ulrike Sapiro, Chief Sustainability Officer at Henkel
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What impact will the Omnibus simplification proposals have on banks, and what is their message to European policymakers? Listen to Antoni Ballabriga, Global Head for Sustainability Intelligence and Advocacy at BBVA
What have been the latest developments on the European Commission’s Omnibus proposals and how have companies reacted? Listen to Maria Tymtsias, co-founder of the Palau Project and Frank Bold’s Julia Otten
