Materiality assessment

Double materiality assessment (DMA)

2024 was the first year of mandatory reporting pursuant to the EU regulations in the Corporate Sustainability Reporting Directive (CSRD). The basis for the reporting is a double materiality assessment (DMA) which determines the material topics that are the most relevant both from an impact materiality perspective and a financial materiality perspective.

Lerøy used the implementation guidance provided by the European Financial Reporting Advisory Group (EFRAG), which included advice on establishing qualitative and quantitative reporting thresholds. Previous materiality assessments have also been incorporated as inputs into the DMA process. The results of the assessment are to be reviewed annually. The DMA covers the Group’s own operations and the upstream and downstream value chains.

The result of the DMA forms the basis for the sustainability reporting and includes relevant and accurate information about all impacts, risks and opportunities (also referred to as IROs) across the environmental, social and governance matters determined to be material from a double materiality perspective.