Ms. Ana María Sánchez Infante
Team Leader in the unit Relations with the Member States and the Energy Community, Directorate General for Energy (DG ENER) of the European Commission
Session 5
THE DUAL MATERIALITY 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 5 PROGRAM
LANGUAGE: SPANISH – ENGLISH. SIMULTANEOUS INTERPRETATION
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09:00 - 10:00h Keynote Speech
- Ms. Ana María Sánchez Infante, Team Leader in the Unit for Relations with Member States and the Energy Community.
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10:00 - 11:00h Panel discussion
- Dr., Dr. H.C. Santiago Cuesta-López, General Manager ICAMCYL Foundation and CEO Iberian Sustainable Mining Cluster.
- Ms. Mar Hidalgo, Senior Analyst at the Spanish Institute for Strategic Studies, Ministry of Defense, Madrid.
- Mr. César Luaces, General Director of Primigea, Spanish Confederation of Industries of Mineral Raw Materials. - Dr. Arnoldus Mateo van den Hurk, Expert in decarbonisation, critical minerals and energy transition. - Ms. Rebeca Vergara, Compliance lawyer, specialised in conflict, critical and transition minerals value chains.
Session moderated by Mr. Jordi Bruno, Director at AMPHOS 21 Group, S.L. -
11:00 - 11:40h Networking coffee break
Meet the speakers
Mr. César Luaces
General Manager at the Spanish Confederation of Mineral Raw Materials Industries (PRIMIGEA)
Ms. Rebeca Vergara
Compliance lawyer, specialised in conflict, critical and transition minerals value chains
Dr, Dr. H.C. Santiago Cuesta-López
General Manager ICAMCYL Foundation and CEO Iberian Sustainable Mining Cluster
Ms. Mar Hidalgo
Senior Analyst, Spanish Institute for Strategic Studies (IEEE), Ministry of Defense
Dr. Arnoldus van den Hurk
Expert in decarbonisation, critical minerals and energy transition
Ms. Cristina Lobillo
Director of the EU Energy Platform and International Relations
Mr. Jordi Bruno
Founder and Director of Amphos 21 Group
