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Double materiality
Is a concept in sustainability that recognizes the dual impact of a company’s activities on the environment and society, as well as the impact of environmental and social factors on the company’s financial performance.
Financial impact
Company’s financial performance is not only influenced by its economic activities, but also by the impact of environmental and social factors on its operations.
eCOSYSTEM SERVICES IMPACT
Ecosystem services are a critical component of double materiality as they can impact both a company’s financial performance and its impact on the environment and society.
Risk and dependency
Risk and dependency refer to the interconnectedness between a company’s financial performance and its impact on the environment and society, as well as the impact of environmental and social factors on the company’s operations and financial sustainability.
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