Mr. Ignacio Hernández-Ranera
Sustainability consultant at 17ODS
Session 2
The Double Material matrix and its application in Sustainability Reporting
Las metas más ambiciosas de reducción de emisiones.
What will we talk about in this session?
The Principle of Dual Materiality defines what sustainability information should be included in corporate reports by assessing both impact materiality (effects on people and the environment) and financial materiality (economic risks and opportunities). These two aspects are interrelated, as an organisation’s environmental and social impacts can generate financial risks and opportunities.
From 2021, dual materiality has gained relevance with the EU’s Corporate Sustainability Reporting Directive (CSRD), which requires more companies to disclose both financial and non-financial impacts from 2024. In the context of decarbonisation, companies must prioritise emission reduction strategies and action plans to align with EU climate targets, which include reducing emissions by 55% by 2030 and achieving climate neutrality by 2050.
In addition, the concept is evolving towards a triple materiality, integrating economic, social and environmental impacts into a more comprehensive sustainability vision.
But other major economies, such as the European Union, the United Kingdom and Australia, are establishing large-scale financing and associated legislation. The G7 Hiroshima Leaders’ Communiqué mentions critical minerals 10 times; India’s lithium reserves appear on the cover, as does the proposal to nationalize the element in Chile; the EU has just approved the Critical Raw Materials Law; and the US National Security Advisor mentioned the minerals several times in a major policy speech.
SESSION 2 PROGRAM
LANGUAGE: SPANISH – ENGLISH SIMULTANEOUS INTERPRETATION
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12:10 - 13:10h Keynote Speech
- Mr. Carlos Moreno, Deputy Assistant Director General for Standardisation and Accounting Techniques of the ICAC - Accounting and Auditing Institute of Spain.
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13:10 - 14:10h Round table
- Ms. Inés García-Pintos, Lecturer and senior sustainability advisor.
- Mr. Ignacio Hernández-Ranera, Sustainability consultant at 17ODS.
- Ms. María Mora, XBRL International Board of Directors and Head of Innovation at Fujitsu.
- Ms. Elisa Pirisi, Report Service Manager of GRI.
Session moderated by Ms. Núria del Pozo, legal responsible of Fundación Empresa & Clima. -
14:10 - 15:30h Networking lunch
At the UNEATLANTICO Pavilion.
