Doppia materialità, semplificata per il 2026.
Guida completa alla valutazione della doppia materialità ai sensi dell'ESRS semplificato, della direttiva (UE) 2026/47 e delle linee guida di attuazione dell'EFRAG n. 1. Destinata alle imprese che si preparano alla rendicontazione CSRD della Fase 2 e alle PMI che intendono allinearsi allo standard volontario per le PMI.
L'impatto dell'iniziativa sulle persone e sull'ambiente
Impact materiality relates to the actual and potential impacts — positive and negative — that the undertaking has on the environment and on people, including workers, value-chain actors, affected communities and consumers. It is assessed regardless of whether those impacts create financial consequences for the undertaking itself.
Under ESRS 1, impacts are assessed across the undertaking’s own operations and its upstream and downstream value chain. Where a potential negative human rights impact is identified, severity takes precedence over likelihood.
- Scala
- Quanto è grave l'impatto sulle persone o sull'ambiente?
- Ambito di applicazione
- Quanto è estesa la portata dell'impatto: numero di persone coinvolte o entità del danno ambientale.
- Irrimediabilità
- Quanto sia difficile porre rimedio o riparare al danno.
- Probabilità
- Solo per i potenziali impatti: la probabilità che l'impatto si verifichi.
Impatto della sostenibilità sull'impresa
Financial materiality addresses the sustainability matters that trigger, or could reasonably be expected to trigger, financial effects on the undertaking — its development, performance, position, cost of capital or access to finance, in the short, medium or long term.
This lens aligns with the IFRS S1 / ISSB concept of materiality, enabling interoperability. A sustainability matter may give rise to risks that erode value, or opportunities that create it.
- Magnitudo
- L'entità dell'impatto finanziario sui risultati o sulla situazione dell'impresa.
- Probabilità
- La probabilità che l'effetto finanziario si verifichi.
- Orizzonte temporale
- A breve termine (≤ 1 anno), a medio termine (1–5 anni), a lungo termine (> 5 anni).
- Dipendenza
- Accesso a risorse naturali, umane o sociali a prezzi e con una qualità adeguati.
La lente combinata
A sustainability matter is material to the undertaking when it meets the criteria for impact materiality, financial materiality, or both. The DMA process identifies material matters across both lenses, with the outcome determining which ESRS disclosure requirements apply.
Under the Simplified ESRS, materiality operates as an overarching filter: only material information is disclosed. The fair presentation principle governs the sustainability statement as a whole.
- Una delle due soglie
- È sufficiente l'impatto o la rilevanza finanziaria.
- Interazione
- Gli aspetti rilevanti dal punto di vista dell'impatto spesso assumono rilevanza finanziaria nel corso del tempo, e viceversa.
- Proporzionalità
- Informazioni ragionevoli e comprovabili, disponibili senza costi o sforzi eccessivi, ai sensi dell'ESRS 1 semplificato.
- Corretta rappresentazione
- La valutazione deve fornire una descrizione completa, imparziale e accurata degli IRO rilevanti.
Dove siamo, dove stiamo andando.
The regulatory architecture for double materiality has moved rapidly through 2025 and into 2026. The timeline below tracks every material milestone from the original CSRD through to the expected delegated act adoption.
Entra in vigore la CSRD
Directive (EU) 2022/2464 makes the double materiality assessment a legal requirement for in-scope undertakings.
Adottato il Set 1 dell'ESRS
Commission Delegated Regulation (EU) 2023/2772 adopts the first set of European Sustainability Reporting Standards.
Pubblicata la linea guida EFRAG IG 1
EFRAG Implementation Guidance 1 — Materiality Assessment — provides the authoritative illustrative DMA process.
Proposta del pacchetto Omnibus I
Commission proposes the “Omnibus” simplification package (COM(2025) 80 and 81) to amend the CSRD, CSDDD and EU Taxonomy.
Progetti di norma dell'ESRS
EFRAG publishes exposure drafts of 12 revised ESRS for public consultation, proposing ~61% reduction in mandatory datapoints.
Pubblicazione del parere tecnico dell'EFRAG
On 3 December 2025, EFRAG submits its final technical advice on the Simplified ESRS to the European Commission.
Pubblicata la direttiva (UE) 2026/47
The Detailed Omnibus Directive published in the Official Journal on 26 February 2026; raises CSRD thresholds to 1,000 employees and €450m turnover.
Direttiva in vigore
La direttiva (UE) 2026/47 entra in vigore il 18 marzo 2026, venti giorni dopo la pubblicazione.
Atto delegato relativo alla revisione dell'ESRS
Commission expected to adopt the delegated act amending the ESRS. Feedback period of one month, then Parliament and Council scrutiny.
Applicazione anticipata volontaria
Once the delegated act is adopted, undertakings reporting for FY 2026 may voluntarily apply the Simplified ESRS early.
Domanda ESRS semplificata
First mandatory reporting year under the Simplified ESRS for Wave 2 undertakings (1,000+ employees, €450m+ turnover).
Il DMA in quattro passaggi.
EFRAG Implementation Guidance 1 sets out a principles-based, four-step process. The Simplified ESRS permits both top-down and bottom-up approaches. Select any step for the detail.
Cosa ha rivelato la prima ondata.
EFRAG’s 2025 implementation review and the first tranche of Wave 1 CSRD filings surface clear patterns in how undertakings are — and are not — applying the DMA.
DMA per settore.
Material impacts, risks and opportunities cluster differently by sector. Each sector page details the most frequently material ESRS topics and common IRO patterns observed in Wave 1 filings.
Produzione
Vendita al dettaglio e beni di largo consumo
Edilizia e settore immobiliare
Agricoltura e alimentazione
Tecnologia e TIC
Energia e servizi pubblici
Trasporti e logistica
Servizi professionali
Servizi finanziari
ESRS, ISSB, GRI, SASB.
Double materiality is a feature of the European standards. Other frameworks take different approaches. The comparison below clarifies what each requires, and how they interoperate.
| Criterio | ESRS (UE) | IFRS S1/S2 (ISSB) | GRI | SASB |
|---|---|---|---|---|
| Il concetto di rilevanza | Doppia rilevanza | Finanziario (valore aziendale) | Impatto (sui soggetti interessati) | Finanziario (investitori) |
| Destinatari principali | Investitori + parti interessate | Investitori / finanziatori | Ampia platea di parti interessate | Investitori |
| Ambito della catena del valore | Attività proprie + a monte + a valle | Operazioni interne + catena del valore | Operazioni interne + catena del valore | Operazioni proprie |
| È richiesta una garanzia | Limitato (→ ragionevole) | Giurisdizionale | Volontario | Volontario |
| Base giuridica | Direttiva + Regolamento delegato | Principio della Fondazione IFRS | Standard globale volontario | Standard (integrato negli IFRS) |
| Interoperabilità con l'ESRS | — | Linee guida sull'interoperabilità (maggio 2024) | Elevata (rilevanza in termini di impatto) | Elevata (rilevanza finanziaria) |
Attiva il tuo DMA in pochi minuti.
Five free tools cover the scoping, matrix building, IRO classification, sector comparison and Wave 1 benchmarking steps. Results carry through to the full Double Materiality Assessment platform when you are ready to run a complete assessment.
Verificatore dell'ambito DMA
Determine your CSRD wave, which ESRS version applies to your FY 2026 reporting, and the recommended top-down or bottom-up approach.
Esegui il controllo Strumento gratuito · 15 minStrumento per la creazione della matrice di materialità ESRS
Score all 10 ESRS topics on impact and financial materiality. Generates a preliminary matrix with RAG-coded outputs and PDF export.
Crea la tua matrice Strumento gratuito · 2 minClassificatore IRO
Pick your IRO type, ESRS topic and specific IRO from a curated library of 80+ entries. Returns topic, sub-topic and exact disclosure requirement.
Classificare un IRO Strumento gratuito · 3 minMappa comparativa dei settori
Compare ESRS topic materiality across up to 3 sectors side by side. Surfaces shared baseline topics and sector-specific divergence.
Confronta i settori Strumento gratuito · 3 minMappa di riferimento della Fase 1
See the percentage of Wave 1 filers in your sector who called each ESRS topic material. Gap-check your scope against real disclosure patterns.
Visualizza i benchmarkAggiornamenti normativi e analisi.
The feed below tracks the most recent developments affecting the DMA — from Commission adoption progress to EFRAG guidance updates and ESMA enforcement priorities.
Double Materiality — the complete guide to ESRS, CSRD and the DMA
The full 2,850-word reference: legal basis, both materiality lenses, the four-step EFRAG IG 1 process, threshold-setting, stakeholder engagement, disclosure obligations, Omnibus I changes, and what Wave 1 filers got wrong. EFRAG-only sources, April 2026.
Aggiornamento normativoOmnibus I explained: what changed for double materiality
Directive (EU) 2026/47 retains the principle but narrows scope and reduces datapoint volume. A section-by-section read.
Guida praticaL'ESRS semplificato e il DMA
Top-down mode, fair presentation framing, and the end of annual full re-runs. What EFRAG’s December 2025 advice changes in practice.
Guida praticaCome eseguire un DMA in quattro passaggi
A field guide aligned to EFRAG IG 1: context mapping, IRO identification, scoring, and reporting under ESRS 2 IRO-1 and IRO-2.
MetodologiaDMA top-down vs bottom-up
Which approach fits your organisation — and how the Simplified ESRS 1 accommodates both, with qualitative analysis sufficient where the conclusion is clear.
Percorso per le PMIVSME e il percorso per le PMI
How the Voluntary SME Standard defines the simplified materiality assessment — and what the trickle-down cap under Omnibus I means for suppliers.
RiferimentoSpiegazione dell'EFRAG IG 1
The Materiality Assessment Implementation Guidance is non-authoritative but central. What it says, what changed in 2024, and how it applies under the Simplified ESRS.
Articolo di approfondimentoDouble materiality and ESG reporting: how the DMA shapes CSRD disclosures
How the DMA flows downstream into the sustainability statement — ESRS 2 IRO-1, IRO-2 and SBM-3 explained, with a breakdown of the four documentation artefacts that feed the assurance process.
Domande frequenti.
Otto domande basate sulle fonti primarie dell'EFRAG e della Commissione. Clicca su una domanda per visualizzarne il riferimento.
Che cos'è la doppia materialità?
Double materiality is the principle under which an undertaking assesses sustainability matters from two perspectives simultaneously: impact materiality (the undertaking’s actual and potential impacts on people and the environment) and financial materiality (the effects of sustainability matters on the undertaking’s development, performance and position). A matter is material if it meets the threshold for either perspective, or both. Source · ESRS 1, EFRAG IG 1
La doppia rilevanza è ancora richiesta dopo l'entrata in vigore della direttiva Omnibus I?
Yes. Directive (EU) 2026/47 retains double materiality as the foundational principle of CSRD reporting. What has changed is the scope of companies in-scope (threshold raised to 1,000 employees and €450 million net turnover), the volume of mandatory datapoints (reduced by approximately 61%), and the flexibility of the DMA process. Source · Directive (EU) 2026/47; EFRAG Simplified ESRS technical advice, 3 December 2025
Quale versione dell'ESRS devo applicare per l'anno fiscale 2026?
Wave 1 undertakings continue under the original ESRS (Commission Delegated Regulation (EU) 2023/2772) for reporting years up to and including 2026. The Simplified ESRS are expected to apply from FY 2027, with voluntary early application permitted for FY 2026 once the delegated act is adopted (expected mid-2026). Source · European Commission; EFRAG
Qual è la differenza tra DMA top-down e bottom-up?
The Simplified ESRS 1 permits undertakings to conduct the DMA either by starting from sustainability topics and assessing whether each is material (top-down), or by identifying individual impacts, risks and opportunities and aggregating upward (bottom-up). Qualitative analysis is sufficient where the conclusion is clear. Source · Draft Simplified ESRS 1, EFRAG, December 2025
Con quale frequenza deve essere aggiornato un DMA?
Under the Simplified ESRS, a full DMA does not need to be repeated annually unless significant changes have occurred in the undertaking’s business model, value chain, or regulatory environment. Source · EFRAG Simplified ESRS technical advice, 3 December 2025
Qual è la differenza tra impatto e rilevanza finanziaria?
Impact materiality relates to the undertaking’s actual or potential impacts on people and the environment (inside-out perspective). It is assessed by reference to severity (scale, scope, irremediability) and, for potential impacts, likelihood. Financial materiality relates to sustainability matters that trigger financial effects on the undertaking (outside-in perspective), assessed by reference to magnitude, likelihood and time horizon. Source · ESRS 1; EFRAG IG 1
Le PMI devono effettuare una doppia valutazione della materialità?
Small and medium-sized undertakings are not in mandatory scope of CSRD following Directive (EU) 2026/47. However, SMEs that receive sustainability data requests from in-scope counterparties may align to the Voluntary SME Standard (VSME), which includes a simplified materiality assessment. The Detailed Omnibus Directive caps trickle-down requests at the VSME scope for undertakings below 1,000 employees. Source · Directive (EU) 2026/47; EFRAG VSME
In che modo il DMA si collega alle comunicazioni ESRS 2 IRO-1 e IRO-2?
The outcomes of the DMA process are disclosed under ESRS 2 IRO-1 (description of the processes to identify and assess material impacts, risks and opportunities) and ESRS 2 IRO-2 (disclosure requirements in ESRS covered by the undertaking’s sustainability statement). These disclosures are required regardless of the materiality outcome of specific topics. Source · ESRS 2
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