Double materiality assessment questionnaire — anyone willing to share their template?
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We're designing the stakeholder survey for our double materiality assessment and starting from scratch is painful. Does anyone have a double materiality assessment questionnaire they'd be willing to share or at least describe the structure of?
Specifically wondering:
- How many questions is reasonable?
- Do you ask about impact and financial materiality separately or combine them?
- Likert scale or ranking?
- Do you differentiate questions by stakeholder group?
We need to send this to about 200 people across employees, customers, suppliers, and investors and I want it to be short enough that people actually complete it.
Our double materiality assessment questionnaire was structured like this:
- Page 1: Background (role, stakeholder group, sector — 3 questions)
- Page 2: Impact materiality — "How significant is [Company's] impact on each of these topics?" — 5-point Likert scale for each ESRS topic we pre-selected (15 topics)
- Page 3: Financial materiality — "How significantly could each topic affect [Company's] financial performance?" — same 5-point scale, same topics
- Page 4: Open text — "Are there any sustainability topics we've missed?" and "Any additional comments?"
Total completion time was about 8-10 minutes. We got a 42% response rate which our consultant said was good. We sent the same questionnaire to all stakeholder groups but segmented the results in our analysis.
One tip: include brief explanations of each topic. Don't assume your suppliers know what "biodiversity and ecosystems" means in the context of your business. A one-sentence description per topic dramatically improves response quality.
2 replies
We took a slightly different approach and used a double materiality assessment template in Excel that stakeholders filled out offline. Worked better for our investor stakeholders who didn't want to use an online survey tool. The spreadsheet had conditional formatting that auto-generated the materiality matrix from the input. Happy to describe the structure in more detail if you want to DM me.
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