What does double materiality mean in the German sustainability report?
Double materiality means the undertaking reports both the impact of its activity on people and the environment and the risks and opportunities that sustainability matters create for the undertaking itself. The two perspectives are assessed separately and then combined, and the assessment covers the upstream and downstream value chain. The outcome and the approach sit in the sustainability report within the management report and are assured with limited assurance.
Source
- Source
- Directive (EU) 2022/2464 (CSRD) read with sections 289b to 289e of the German Commercial Code and ESRS 1 section 3, Annex I to Delegated Regulation (EU) 2023/2772
- Source
- Bundesministerium der Justiz, Gesetze im Internet
- Area
- Sustainability, CSR and environment
- Checked
- 2026-09-21
Questions
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