EDITORIAL

The concept of double materiality is gradually becoming an everyday reality for many European and Chinese companies. The Ksapa consulting team is actively involved in the design of these double materialities for a variety of clients in manufacturing, tech, development finance, or consumer goods. In doing so, Ksapa is thus a leading example of the transformations taking place. As someone who has worked on more than 80 "old-fashioned" materialities, before supporting some of these double materialities for some years already, I can highlight three major lessons to be learned from embracing double materiality:

1. Asset protection is intrinsically linked to the ecosystem in which they evolve. Impact materiality undeniably reinforces the risk management provided by financial materiality.

2. CSRD focuses on governance and the resources needed to address the material issues identified. Exploring corporate management systems through the lens of ESRS systematically exposes various blind spots. It's up to companies to decide whether or not to take the necessary steps to address them. The discoveries are beneficial, and it's never a good idea to remain blind.

3. The implications in terms of accelerating transformation are only strengthened. Decarbonization, biodiversity, the circular economy, living wages and other human rights in the value chain, resilience of strategic raw material chains...

This is what Ksapa is all about, along with the complementary work of other experts and other program areas of our activities. Conducting double materiality is good practice nowadays for any company, and even those not eligible to relevant EU or Chinese requirements. Developing and deploying concrete programs at scale and across the world to support our customers in decarbonization, resilience of strategic supply chains and access to human rights for all is even more essential to give double materiality analyses all the strategic and operational implications they deserve.

We look forward to talking to you in the near future, for example as part of the activities planned for May, which you can still sign up for scrolling down this newsletter?

Farid Baddache, CEO