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Materiality & risk

Materiality & risk

Materiality and Risk

The word ‘materiality’ has been borrowed from the world of finance, and this process gets to the bottom of what matters most to your business. The materiality review is a structured process which helps to identify which of the challenges facing an organisation present the greatest risks or opportunities. Risks typically manifest as financial or reputational and both of these categories are explicitly explored. In parallel the process also identifies areas of opportunity where an organisation’s social, environmental and governance performance can be used positively.

Business planning inevitably has a strong financial component but environmental and societal considerations are less familiar to many organisations and so are often not covered to the same extent. Green Knight can take you through a structured facilitated process to get to the priority areas, even those ‘black swans’ (see here) that are far from obvious, and can also support your teams in addressing the issues that the process identifies. If you don’t already have a structured process for managing disruptive financial risks, those can be included too.

Ethical Corp newsfeed

  • Society Watch: Drive to make ecocide an international crime gains momentum

    Ecocide is an emotive word. First used to describe the human and environmental devastation caused by the use of the defoliant Agent Orange during the Vietnam War, it became the subject of regular discussions at the United Nations throughout the 1970s. In 1998, the destruction of the environment was proposed as an international crime against peace, but ultimately wasn’t adopted as part of the International Criminal Court’s (ICC) Rome Statute, which includes genocide, crimes against humanity, war crimes and the crime of aggression.Image: Channels: Climate and EnergyNatural CapitalTags: Stop ecocide internationalInternational Criminal CourtRome statuteEU Environmental Crime Directive

GreenBiz newsfeed

  • Building the Circular Buildings Revolution
    on April 20, 2023 at 7:15 am

    Join GreenBiz for our conversation covering the approaches building product manufacturers are using to make products more circular and keep materials in play after their first use. The idea of buildings as material banks is not new, but deserves examination as it hasn’t taken hold at the scale we would expect.

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