CFOs & Finance

Mastering double materiality: ESG insights for finance leaders

Maximising business value through leveraging ESG risks and opportunities to drive financial performance and long-term resilience

The Challenge

  • Clarifying ESG reporting obligations

    Each business faces unique ESG reporting obligations depending on its industry, location, and stakeholder expectations. Ensuring clarity on which frameworks and regulations apply can streamline reporting efforts and mitigate compliance risks.

  • Complexity of CSRD double materiality assessments

    Understanding financial materiality (how ESG factors impact a company’s financial performance) and impact materiality (how the company affects people and the planet) is essential. Companies must balance regulatory compliance with identifying ESG risks and opportunities that contribute to financial growth.

  • Alignment with financial reporting and risk management

    ESG integration goes beyond compliance; investors expect ESG considerations to be fully embedded into financial forecasting, risk assessment, governance, and strategic decision-making to enhance corporate resilience and long-term profitability.

  • Increasing investor demand for transparency

    Institutional investors and asset managers expect ESG disclosures to be backed by robust data, financial impact analysis, and clear alignment with sustainability standards such as CSRD, TCFD, and ISSB standards.

  • Evolving regulatory landscape affecting corporate reporting

    As the regulatory environment changes, the future-focused CFO stays ahead of evolving ESG reporting requirements, ensuring compliance while using sustainability disclosures to build investor confidence, enhance corporate reputation, and unlock new growth opportunities.

Our Services

  • Understanding double materiality for strategic growth

    Double materiality isn’t just about compliance; it’s a tool for unlocking financial value. By assessing ESG risks and opportunities from both financial and impact perspectives, businesses can enhance investor confidence and drive profitability. Our structured approach ensures alignment with CSRD, ESRS, and GRI standards, helping finance teams prioritise ESG factors that generate long-term value.

  • Integrating ESG risks into corporate reporting and governance

    Sustainability risks impact financial performance, from supply chain resilience to investor expectations. Our ESG risk frameworks help businesses quantify ESG impacts, anticipate market shifts, and make informed investment decisions. ESG integration strengthens market position, increases revenue opportunities, and ensures financial stability in changing regulations.

  • Building investor and stakeholder confidence

    Strong internal controls and governance over ESG reporting ensure compliance and build investor confidence. We help finance leaders implement structured processes to improve data accuracy, streamline workflows, and align sustainability with financial performance. Our approach includes controls and process design and implementation, making ESG reporting accurate, audit-ready, and efficient.

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CSRD readiness assessment for listed mining group

A leading European-listed mining group was in the first phase of reporting under the CSRD on its 2024 performance. With operations in Eastern Africa, the Audit & Risk Committee requested a comprehensive ESG readiness assessment to evaluate reporting capabilities, identify gaps, and ensure compliance with new regulatory frameworks.

Our director conducted an in-depth assessment, mapping existing ESG processes against CSRD requirements and highlighting gaps in data collection, governance, and disclosure practices. He worked closely with the finance and sustainability teams to enhance internal controls, streamline reporting workflows, and align sustainability data with financial disclosures, ensuring accuracy and efficiency. His tailored recommendations enabled the company to implement a structured reporting framework that met regulatory expectations while improving operational efficiency and risk management.

By integrating best-practice ESG governance and internal controls, the mining group strengthened investor confidence and its position as a leader in sustainable mining. The project not only ensured CSRD compliance but also enhanced the company’s ability to communicate sustainability performance transparently, securing long-term financial resilience and stakeholder trust.

Case Study: Mining

The Second Lens for CFOs

Where compliance ends and leadership begins