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Thanks for this great video, Phil. I think the stacked bar charts are far superior to the old matrices. I'm curious if and how this visualization could capture "borderline" IROs during the process or call out those which received a deeper level of consideration. Thanks.

Thank you very much for this excellent comment! Impacts, risks and opportunities are the basic elements of any materiality analysis. So the fact that there is so little clarity about what constitutes an impact is all the more shocking. Until recently, I had a construct that was self-contained and had no contradictions. The latest discussions on this topic have shown that this is not the case. I would therefore like to ask you again for further clarification: 1) In the glossary of the ESRS it says: "Impacts indicate the undertaking's contribution, negative or positive, to sustainable development." How do you define impact? Can an impact be used as a synonym for the contribution to sustainable development? 2) What do you understand by a potential impact? Can we say that a potential impact is an impact that is associated with uncertainties? In other words, all impacts in the future are associated with uncertainty and impacts in the short-term reporting period that cannot be proven 100% and are associated with uncertainty. 3)I would then like to address this sentence: ‘Positive impacts related to a material matter shall be considered only once any potential negative impact related to that matter have been duly identified and mitigated.’ However, I would only express my thoughts on this once I know your point of view.

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Wrothy conversation!

Hi Phillip, great video, agree that the ESRS DM visualisation is very useful. I was looking up the source and found this visualisation is actually not by Vandemoortele but from BW Offshore: production.bwoffshore.com/siteassets/documents/presentations-report-and-policies/quarterly-reports-docs/2023-annual-report.pdf

See the video description for the links to the parties I reference in the commentary.

Great video, keep going!

Wow, simple and straight to the point!

Thank you for the informative video. Could you please provide clarification on the concepts of "positive risks" and "negative opportunities" discussed starting at minute 27?

Fantastic work, much appreciated!

Do you conduct separate assessments for IROs and (sub-) topics to generate a list of material IROs and topics respectively? Or do you solely assess the IROs to identify material ones and then map them to the relevant topics to determine material topics?