ESG management

The ESG management add-on helps you with the management of ESG topics and enables you to perform the double materiality analysis after CSRD and ESRS.

The following menu items are enabled with this add-on:

• Impacts

Impacts are effects an organization has on its environment. These can be positive or negative. In double materiality they are used for the analysis of the inside-out perspective, or impact materiality. Opposite them are risks and opportunities, which show the financial materiality, or outside-in perspective.

• ESG topics

ESG topics are fields of action from the areas of E - Environmental, S - Social, and G - Governance. These are needed for sustainability reporting according to EU Directive CSRD (Corporate Sustainability Reporting Directive). Which of the topics must be included in the reporting is the result of double materiality analysis, also done in this menu item.

You receive the following new KPI with this add-on:

• Double materiality

This KPI offers information on the fields of action of the current management system. It is possible to configure, whether all fields of action are to be displayed (for this, select the lowest level), whether they should be grouped by areas (for this, select levels from the middle), or whether all fields should be summarized in one bubble (for this, select the top level).

How is the ESG management activated?=

After licensing the SRM, we enable it for you. Then you must take the following steps in order to be able to use the ESG management:

1. Assign the role expert, professional, or observer for "ESG" under Administration > User roles.
2. Activate the checkbox "ESG" under Risk management > Settings.