UP2030

In the evolving landscape of sustainability regulations, food processing companies face increasing pressure to balance profitability with social and environmental responsibility. The Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) require businesses to adopt a double materiality approach—assessing both financial and societal impacts. In parallel, companies must manage their greenhouse gas (GHG) emissions across Scope 1, 2, and 3, aligning with global climate goals.

Why is Double Materiality Important for Cities?

Cities are complex ecosystems that face a wide range of sustainability challenges, from climate change and pollution to social inequality and economic instability. By adopting a double materiality approach, cities can:

Holistically Assess Risks and Opportunities: Double materiality enables cities to consider both the impact of their actions on the environment and society, and how external sustainability risks and opportunities can affect their financial stability and growth.

Align Urban Planning with Sustainability Goals: By integrating double materiality into urban planning, cities can ensure that their development strategies are aligned with sustainability goals, leading to more resilient and livable urban environments.

Enhance Stakeholder Engagement: Understanding both impact and financial materiality helps cities engage more effectively with stakeholders, including residents, businesses, and policymakers, by addressing their concerns and expectations.

Support Long-Term Decision-Making: Double materiality provides cities with the insights needed to make strategic decisions that balance short-term financial goals with long-term sustainability objectives.

Below are the results of the test survey conducted in Q2 of 2023. This survey played a crucial role in our ongoing research development process

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Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them. This project has received funding from the Horizon Innovation Actions under the grant agreement n° 101096405.