Materiality Assessment

The Materiality Assessment (MA) is a good tool for prioritizing company efforts on sustainability to give an overview of the impacts in the full value chain and the efforts needed to mitigate these. The MA is the entry point for complying with the EU-regulation on reporting (CSRD/ESRS) and should be used actively as a management tool to understand and prioritize the changes that companies are to make on the impacts they cause. The Materiality Assessment (MA) must be prepared from a description of the full value chain and the impacts here, divided into scope 1, 2 and 3. Especially the efforts in scope 3 may be challenging to identify and prioritize. Normally the MA is an assesment of the double impacts on ESG parameters and on financiel risks and potentials. The MA introduced in this chapter includes a third parameter on resources needed to drive the changes and thereby low hanging fruits and targets that require strategic impact are identified.