Double materiality refers to the consideration of both financial and non-financial impacts within sustainability reporting and decision making. Reporting on a double materiality basis means identifying and assessing how the company’s business activities impact the society and environment (impact materiality) and how sustainability issues affect the company and enterprise value (financial materiality). By addressing double materiality, you have a comprehensive view of both risks and opportunities, and can better assess and communicate overall value creation and risk management, meeting the needs of both investors and wider stakeholders.