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Double Materiality Made Easy
Double materiality is at the heart of building an impact-driven business while complying with global reporting frameworks. It shows that companies can thrive financially, while respecting the environment and society, and urges companies to evaluate and document both categories.
Recomentor drastically simplifies the process of conducting double materiality assessments by offering a robust ESG knowledge model that encompasses all necessary demands and frameworks. Based on the double materiality assessment you’ve done in Recomentor, you’ll be able to optimise budget allocation because you’ll know where to invest resources first.
How Recomentor speeds up your time to Double Materiality
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AI-powered automation and knowledge discovery
Recomentor harnesses the power of AI to automate the identification and mapping of sustainability topics, risks, and stakeholders. Its AI-driven tools make it easier to uncover underrepresented topics, automate reporting processes, and avoid manual, time-consuming assessments.
Discover neglected sustainability topics: Our intelligent text mining capabilities are able to infer the relationships between topics in your documents. After importing your documents, Recomentor can spot overlooked topics (because they are missing from the text) or draw conclusions about how one topic impacts another later down the line.
Reduce manual work and dependencies on others: Recomentor automates data processing so that you can streamline your reporting.You don’t have to rely on other colleagues or external agencies to get the job done because all relevant information is mapped in Recomentor.
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Remain competitive with peer comparison
One of Recomentor’s main strengths is its ability to conduct a gap analysis – which is hard to find in other tools on the market. Through its comprehensive data mapping and benchmarking capabilities, users can evaluate their company’s ESG efforts against industry peers so that they can determine how to adjust their sustainability strategies.
Learn best practices: Understand how your company stacks up against industry benchmarks. Using our screener tool, users can filter for companies based on qualitative (geography, sector classification…) and quantitative criteria (assets, market capitalization…).
Get industry related insights: Gain access to publicly available peer disclosures and compare them to your own. Based on our scoring metrics, you’ll see where you lead on certain topics and more importantly, where you can improve.
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See how your activities impact stakeholders
Get a holistic view of your stakeholders: From upstream (your supply chain) to downstream (your customers), Recomentor helps you map all relevant stakeholders to your ESG topics. Generate a graph that identifies which specific topics affect your stakeholders more significantly.
Ensure greater transparency and trust: Once you understand which stakeholders are most affected by your activities, you can focus your efforts on developing corporate policies that serve their needs. Avoid reputation risks and enhance communication between stakeholders based on your data analysis.
Other things you’ll enjoy about Recomentor
Easy to use:
Recomentor has a user friendly interface and requires only a few clicks of your mouse to begin your double materiality assessment.
Data visualisations:
Not only does Recomentor automate your reporting, it also provides new insights with graphs and charts.
All your frameworks in one tool:
Recomentor incorporates all relevant ESG frameworks and allows you to also import other data that is relevant to your business.
Built on AI and LLMs:
With Recomentor, you’ll be using cutting-edge technology that is enhanced by knowledge graphs.
What is the double materiality assessment?
Under the Corporate Sustainability Reporting Directive (CSRD), double materiality broadens the concept of materiality from a sole focus on financial materiality to one that includes a view of the impact on stakeholders and society. Therefore, two perspectives are involved:
Financial materiality: impact of risks and opportunities on financial performance
Impact materiality: your external social and environmental impact
Double materiality helps you remain compliant while also offering up other benefits:
Manage internal resources of sustainability departments in an efficient way
Define a company sustainability roadmap
Asses company risks and opportunities
Identifies company blind spots that are important to stakeholders
Check out these other resources to learn more about Recomentor.
Portfolio Knowledge Discovery at the Green Climate Fund
Watch this webinar featuring our customer to learn how they use semantic technologies to provide financial assistance for climate change adapatation.
Conversational AI Assistant
Play around with our ESG Conversational AI assistant to get a taste of how AI can help your company.
Mitigating ESG Risk with Reliable Data and AI
This roundtable combines experts in sustainability, finance, and technology who will speak about how to roll out successful sustainability strategies and the advantages of an AI-driven approach.
Unlock your ESG potential – Book a demo today.
Request a personalized demo to explore the full potential of our offerings and see how they can be tailored to meet your specific needs.