CSRD

Everything, or only what matters? What the ESRS updates and the B Corp reset reveal about materiality

Within weeks of each other this summer, the revised ESRS and the new B Corp standards both changed how materiality works, and they appear to point in opposite directions. One trims what you must disclose. The other sets mandatory requirements. Read together they are not a contradiction but a lesson in where materiality now sits, who gets to make judgments, and why the assessment is always worth doing well.

Article by: Dominic Tantram Topic: Blog, CSRD, ESRS, Hints and Tips, Sustainability Reporting, Sustainable Business Management

Materiality: the most misunderstood word in sustainability?

Most organisations treat materiality as a reporting exercise, a box to tick on the way to disclosure. It's really one of the most strategic decisions a business makes: a live choice about what matters most, and what your organisation most affects. Treating it as reporting-first gets the logic the wrong way round.

Done well, materiality shapes strategy, targets and budgets, and it's never truly finished, but revisited as your business and its context change. Treated as compliance, it just produces a matrix.

Article by: Dominic Tantram Topic: Blog, CSRD, ESRS, Provocations, Provocations, Thoughts and Big Ideas

Managing uncertainty in sustainability disclosure

Terrafiniti worked with WBCSD’s Corporate Performance & Accountability programme by researching and writing the July 2025 report ‘Managing Uncertainty in Sustainability Disclosure’. The publication offers practical guidance, analysis, and examples to help companies navigate the complexities of sustainability reporting - particularly in addressing and communicating uncertainty and its financial implications. Drawing on expert insights and collaboration with WBCSD members, standard setters, accountants, and investors, the report distils key challenges and requirements. It supports businesses in aligning their disclosures with the European Sustainability Reporting Standards (ESRS) and IFRS Sustainability Disclosure Standards (IFRS S1 and S2).

Article by: Joss Tantram Topic: Blog, CSRD, ESRS, IFRS, ISSB, Practical Guidance, Sustainability Reporting