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All news by: Leonie du Raan: The Sherlock Lens

The Value of Double Materiality in Sustainability Reporting in South Africa

Sustainability reporting has become a crucial aspect of business operations in South Africa and worldwide. It enables businesses to communicate their environmental, social, and governance (ESG) performance to stakeholders, such as investors, customers, employees, and communities. However, traditional sustainability reporting has often concentrated only on the financial impacts of ESG factors on the business. This approach, known as single materiality, overlooks the complete picture of a company's sustainability performance.