MATERIALITY SOFTWARE

What is single materiality?

Socialsuite brings you end-to-end double materiality software with expert support to guide your progress, save money, and meet compliance requirements.

Book a demo
Materiality Assessment Mock Up

Single vs. Double Materiality

Single materiality considers either a company's impact materiality or its financial materiality - focusing on only a single perspective at once.

Single
Materiality

Single materiality is a one-sided assessment. It involves focusing on only a single perspective. This means identifying the inside-out (impact) material sustainability matters OR identifying the outside-in (financial) material sustainability matters - but not both at the same time.

A single materiality assessment could refer to either of the materiality perspectives.

Double
Materiality

Double materiality refers to assessing both materiality perspectives simultaneously. There are important interplays between impact and financial materiality, this necessitates assessing both perspectives at the same time.

Keep in mind that combining two separate single materiality assessments does not make a double materiality assessment.

Why are materiality
assessments important?

ESG Compliance icon
Stakeholders provide a wide range of perspectives
ESG Compliance icon
Provides qualitative and quantitative data
ESG Compliance icon
Enables data-driven decision making
ESG Compliance icon
Identifies a company's most relevant sustainability topics
ESG Compliance icon
Creates a sustainability roadmap for executives
ESG Compliance icon
Builds trust and credibility
Socialsuite Main Logo

Latest resources

Stay up-to-date on the latest industry news, customer stories, and learn about how you can embed sustainability in your business.

Image for Latin Resources case study depicting cows in a field
Blog

Sustainability Trends to Watch in 2024

Let’s take a look at what key thought-leaders, practitioners, and experts believe to be the main trends and focus areas for sustainability in 2024.
Read the article
Image for Latin Resources case study depicting cows in a field
Blog

SEC Climate Rule: Materiality - Great in Principle, Harder to Apply in Practice

The SEC just announced its proposed Climate Ruling. Read the blog post to hear the key components you need to understand.
Read the article
Image for Latin Resources case study depicting cows in a field
Blog

ESG and Sustainability Single and Double Materiality Software

Learn the basics of what a materiality assessment is and why it's important. Then dive into the differences between single and double materiality.
Read the article
Image for Latin Resources case study depicting cows in a field
Blog

California Climate Accountability Package

California signed the Climate Accountability Package into law October of 2023. Are you prepared for mandatory climate disclosures? Learn more about SB-253 and SB-261 here.
Read the article
Image for Latin Resources case study depicting cows in a field
Webinar

ESG for Private Companies

Did you know not only publicly listed companies are reporting their ESG metrics and sustainability performance? Private companies are increasingly seeing the value of making ESG reporting a priority.
Watch on-demand
Image for Latin Resources case study depicting cows in a field
Webinar

Start ESG with Materiality

Dr. Tim Siegenbeek van Heukelom discusses why ESG strategy, initiatives, and reporting all start with identifying your material sustainability topics.
Watch on-demand

Ready to streamline your materiality assessment?

Whether you're a public, private, or non-profit organization, Socialsuite has the right materiality solution for you.

Get in Touch