Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided

      Bank of England building on Threadneedle Street, London, showcasing its historic architecture and financial significance

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Exclusive: O2 Arena bosses pitch to host another Formula 1 launch event

      Breaking news event coverage with journalists and cameras capturing a live press conference in a bustling city environment

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Bowls Club is the City’s most eccentric (and brilliant) pop-up

      Local bowls club members enjoying a sunny day on the green, engaging in a competitive match with vibrant surroundings.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Partner Ad Feature is produced by an advertiser with the specific intent to promote a product and is not produced by the CityAM team.
Wednesday 19 June 2024 2:05 pm  |  Updated:  Friday 21 June 2024 2:47 pm

CSRD: NGOs are Conducting Your Materiality Assessment for You

By:

Add as a preferred source on Google

To meet the requirements of the Corporate Sustainability Reporting Directive (CSRD), businesses are getting to grips with reporting material impacts on people and the planet. Doing this robustly is an enormous task, and the deadline is fast approaching.  

But NGOs have been working at this for decades. Their networks and alliances on-the-ground mean that they can quickly identify adverse effects on communities and the environment. This makes campaigners incredibly valuable for understanding the impact of business on society.   

It also makes them helpful for those who must assess double materiality going forward.   

GET IN TOUCH

Identifying the impact at the source  

While businesses might see NGOs primarily as drivers of reputational campaigns or advocates of ambitious regulatory moves (like the CSRD), these groups have a primary function:  

The bread and butter of NGOs is to report on the environmental and social impacts of business and government.   

They do it extremely effectively, predictably, and with global impact.   

Activists as amplifiers  

Grassroots groups form when communities feel they have been severely negatively impacted, often by business activity. 

But initially, these voices of protest can go unheard.  

Read more

CreditNature and Stabiliti Partner to Embed Nature Finance into Everyday Economic Activity

Then, these campaigns are picked up by networks connecting grassroots NGOs with international campaigning powerhouses. Suddenly, the concerns of those grassroots groups are heard in Europe or North America – right on the doorstep of the multinational companies whose subsidiaries are implicated.  

Campaigning data shows this mechanism at work very clearly, and we have seen it drive significant impact. Firms can be caught entirely unaware by campaigning on a supply chain issue of which they had no prior knowledge themselves.   

How can businesses derive insight from NGO campaigns?  

NGOs across the world are conducting materiality assessments, which are essential for CSRD reporting, for us – if we can cut through the noise.  

To extract the maximum insight from NGO campaigns – so that they can be used as the basis for a robust, data-driven materiality assessment – we need to get a birds-eye view. When you are monitoring the campaigns of tens of thousands of NGOs across the globe as they report on the impacts of your business, you can distil out trends which are not only insightful, but also robust and defensible.   

This is because people on the ground have reported those impacts as they experience them. They have then fed them up through the grassroots, across international networks, and publicised them ready for us to analyse – that is the next step.  

Using them as a basis for double materiality assessments can ensure compliance in your supply chain.  

To find out more about Sigwatch get in touch here

Read more

Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds

NatWest bank branch exterior with signage, reflecting current branch network changes amidst financial industry updates

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • ESG

Categories

  • ESG News

Related Topics

  • ESG

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Keeping up with the cash: SKIMS’ law firm hits record revenue 

  • As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran

More from CityAM

  • CreditNature and Stabiliti Partner to Embed Nature Finance into Everyday Economic Activity

    Business Wire
  • Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds

    Banking
    NatWest bank branch exterior with signage, reflecting current branch network changes amidst financial industry updates
  • Inflation stays below three per cent despite price warning

    Economics
    The Bank of England is expected to hold interest rates at four per cent due to stubbornly high inflation.
  • The story of Keir Starmer’s failure is boringly familiar

    Opinion
    Keir Starmer speaking at a podium, addressing an audience in a formal setting, wearing a suit and tie, in a news conference
  • The Strait of Hormuz proves fossil fuels are essential for food security

    Opinion
    View of the Strait of Hormuz, showcasing bustling maritime traffic under clear skies, highlighting its strategic significa...
  • Mosaic Clinical Technologies™ Launches Mosaic Reporting™, an AI-Native Reporting Platform Built for Radiology Workflows

    Business Wire
  • KfW, Germany’s largest national promotional bank, future-proofs regulatory reporting, by migrating to Regnology Reporting Hub (RRH)

    Business Wire
  • ePass Aims to Be Scotland’s Top GovTech Scaleup After Reporting £1M Revenue in First Year

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies