Overview
The Materiality Assessment module comes pre-loaded with a benchmark of impacts, risks and opportunities (IROs) built from your industry's typical sustainability challenges. Instead of starting from a blank page, you review and refine a list that's already relevant to your business, organized by ESRS topic and sub-topic.
Key benefits / use cases
Start from an industry-specific benchmark instead of building an IRO list from scratch
Quickly narrow down hundreds of IROs to the ones that matter for a given topic or sub-topic
Understand at a glance which IROs Greenly flagged as relevant to you, and why
Where the pre-populated IROs come from
Greenly maintains a database of impacts, risks and opportunities aligned with the ESRS (European Sustainability Reporting Standards) topics, sub-topics and sub-sub-topics. Each IRO in this database is tagged by type (Risk,Opportunity,Positive impact,Negative impact), by value chain area, and by the sustainability framework it relates to (CSRD/ESRS, IFRS, GRI, ISO 26000).
When you open your assessment, Greenly has already selected the IROs that typically apply to your industry and added them to your list. Each pre-selected IRO carries a relevance tag:
Relevant: the IRO is very likely to apply to your business
Possibly relevant: the IRO may apply, depending on your specific activities
Unlikely relevant: the IRO is present in the benchmark but rarely applies to companies in your sector
Hover over an IRO's relevance tag to see why it was flagged that way, along with a link to the source used.💡 A pre-selected IRO is a starting point, not a final answer. You can remove any IRO that doesn't apply to you, and add others from the full library. See "Adding or removing IROs from your assessment" below.
Exploring topics and sub-topics
The ESRS organizes sustainability issues into three overarching topics: Environmental,Social, and Governance. Each topic breaks down into sub-topics (for example, Climate change under Environmental, or Own workforce under Social).
From the Evaluate impacts, risks and opportunities step, click a topic to see its sub-topics and the IROs attached to each one. Clicking into a sub-topic shows you the table of IROs that fall under it, ready to review and score.
Filtering the IRO table
Once you're inside a topic or sub-topic, use the filters above the table to narrow down the list. Here are few example of filters to use:
Relevance: show only IROs tagged as Relevant, Possibly relevant, or Unlikely relevant
IRO type: filter by Risk, Opportunity, Positive impact, or Negative impact
Value chain area: filter by where the IRO occurs, such as Internal/Workforce, Suppliers & Business Partners, Customers & End-Users, State & Regulators, Capital providers, or Society & Communities
Combine filters to focus on exactly the set of IROs you want to review next, for example every Relevant risk affecting your Suppliers & Business Partners.
Adding or removing IROs from your assessment
Your assessment doesn't have to stop at the pre-selected list. Click Add IROs from the library to open the full IRO database, filterable by relevance, IRO type, sub-topic, and value chain area. Select as many IROs as you need and add them in bulk.
If an IRO doesn't apply to your business, you can mark it as not applicable or remove it from your assessment. This is reversible: removing an IRO keeps any scoring you've already done, so you can add it back later without losing your work.
FAQs
Why does my industry benchmark include IROs that don't apply to me?
The benchmark is built to be broad enough to cover most companies in your sector. Mark any IRO that doesn't apply to you as not applicable, or remove it from your assessment.
Can I see why an IRO was marked as relevant?
Yes. Hover over the relevance tag on any IRO to see the justification and source.
Do I lose my scoring if I remove an IRO and add it back later?
No. Removing an IRO is reversible and keeps any scoring already entered.
Where can I filter by materiality score or status?
Those filters are available in Reviewing your results, which covers the Results step.
How do I score an IRO once I've found it?
See [Sc](link to be added: article name)[oring an impact, risk or opportunity](link to be added: article name) for the full scoring process.