Let us accompany you
At Ulises ESG, we know that the first step towards effective sustainability management in your company is a clear understanding of all the issues that may affect it.
The creation of a dual materiality map (financial and impact) is a critical challenge for companies because of the complexity of identify and prioritise sustainability-related impacts, risks and opportunities.
Ulysses will accompany you, step by step, to the elaboration of your map of double materiality:
MAPEA: Step by step
In this step, the company develops an overview of its business activities and relationships, the context in which they take place and an understanding of its main stakeholders.
This overview provides key inputs to identify the company's IROs.
- ImpactsThe following is an assessment of the possible impacts, both actual and potential, affecting both the company's operations and its value chain.
- RisksESG risks: identify ESG risks that may affect the business financially.
- OpportunitiesIdentify opportunities that can arise from sustainable practices (e.g., access to new markets, product innovation).
- Employeesmay be interested in equality practices, working conditions, and development opportunities.
- Clientscan value sustainable products, transparency, and social responsibility.
- Suppliers: can focus on ethical sourcing practices and fair partnerships.
- Society: may be concerned about the environmental impact and social commitment of the company.
- FinancialStakeholders: are those who will help us to assess the financial Risks and Opportunities, and are classified as "users of the report". Examples of such stakeholders are shareholders or investment funds.
With all the above information, the "dual materiality map" is generated, which classifies impacts, risks and opportunities according to ESG "themes" (according to the criteria set out in the standard). The map will typically have two axes:
- How does the company impact on the issue in question?
- How is the company affected by the issue in question?
The resulting map should be similar in shape to the example below:
How can Ulises ESG help you?
Ulises ESG offers a comprehensive solution for the management of dual materiality and the collection of stakeholder information:
Understanding the context
With Ulysses ESG, economic activity can be "mapped" so that future impacts, risks and opportunities that are detected are also linked to the company's business processes.
Gathering information
Ulises ESG allows you to fully customise the questionnaires or surveys to be sent to stakeholders, so that their responses are aggregated when quantifying impacts, risks and opportunities as they arise. Moreover, Ulises ESG is part of an ecosystem of risk management and controls, so that financial risk information can be fed directly into the sustainability module.
Taking the pulse of stakeholders
Ulises ESG allows you to fully customise the questionnaires to be sent to stakeholders, so that their responses are aggregated when quantifying impacts, risks and opportunities as they arise.
Materiality map
Ulysses ESG automatically incorporates feedback into the materiality assessment process to ensure that ESG strategies reflect the real needs of stakeholders. The mapping can be done at company level or at subsidiary or business activity level if preferred. With Ulysses ESG, companies can not only comply with required sustainability and ESG regulations, but also use stakeholder feedback as a driver for innovation and continuous improvement in their business practices.
