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PUBLIC WORKSHOP

NSRF IMPLMENTATION TRAINING SERIES MODULE 5

Double Materiality Assessment and Stakeholder Engagement

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The shift from single (impact) materiality to double materiality represents a fundamental change in how businesses define and manage sustainability. This concept, central to the IFRS, requires companies to assess both the ‘outside-in’ risks (how sustainability issues affect the company’s value, e.g., climate change impact on operations) and the ‘inside-out’ impacts (how the company’s operations affect people and the planet, e.g., emissions or labour practices).

While the concept is clear, the execution is often where companies struggle. This course is built to bridge that gap. We move beyond the “what” and dive into the practicality of implementation. Participants will gain clarity on the assessment process by working through real-world scenarios and utilising a standardised template. This toolkit is designed for immediate use, allowing you to return to your organisation with a plug-and-play framework to identify, score, and prioritise the ESG topics that matter most.

Table of Contents

Workshop Outlines

Part 1: Foundations of Double Materiality

  • Defining materiality: single vs. double (inside-out vs. outside-in)
  • The regulator driver
  • Review of stakeholder identification and prioritisation and input analysis
  • Overview of the list of material topics based on initial scoping

Part 2: Impact Materiality and Scoring

  • Criteria for assessing severity and likelihood of impact
  • Guiding scoring of key topics for ‘Impact Materiality’
  • Tools and data sources for assessing social and environmental impact
  • Consolidation and review of ‘Impact Materiality’ scores

Part 3: Financial Materiality and Scoring

  • Criteria for assessing financial magnitude and likelihood
  • Guided scoring of key topics for ‘Financial Materiality’ (risks and opportunities)
  • Linking material topics to the company’s value chain and financial statements
  • Consolidation and review of ‘Financial Materiality’ scores

Part 4: Synthesis and Strategic Next Steps

  • Visualising the results
  • Prioritising the material topics into different levels and defining the next steps for reporting and target setting

Learning Outcomes

By the end of the workshop, you will be able to:

  1. Understand and differentiate between the two dimensions of double materiality (Financial vs. Impact) and their regulatory context (IFRS).
  2. Apply the structured assessment methodology to critically evaluate and score potential material topics based on defined criteria (e.g., severity, likelihood, financial magnitude).
  3. Construct a double materiality matrix that visually plots the company’s most significant topics for executive review and reporting.
  4. Recommend strategic next steps for integrating the material topics into risk management, target setting, and annual sustainability reporting.

Workshop Benefits

  1. Apply a practical framework to identify and prioritise key ESG topics for your organisation.
  2. Use a structured assessment approach to evaluate material topics based on impact, likelihood, and financial significance.
  3. Develop a double materiality matrix to visualise key ESG issues for strategic decision making and sustainability reporting.
  4. Gain valuable knowledge and skills from industry experts to effectively apply either independently or within your professional environment.
  5. Pose direct inquiries.
    Benefit from industry peers’ insights.
  6. Access comprehensive course materials, such as course slides.
  7. Gain certifications to advance your career. 

About the Trainers

Linkedin

Jia Xin Ng is our ESG and sustainability consultant and a HRD Corp-certified trainer with FSA Credential. She graduated with a Bachelor of Science in Environmental Management from Universiti Malaya, Malaysia, and has years of practical working experience with public listed companies. Her expertise lies in global sustainability reporting frameworks and standards (i.e. GRI, SASB, TCFD and UNSDGs), securities exchange listing requirements on ESG (i.e. Bursa Malaysia), sustainability indices and ratings (i.e. S&P Global DJSI, Bloomberg GEI, CDP, FTSE4Good, EcoVadis, MSCI, Sustainalytics and SPOTT), materiality assessment, sustainability key performance indicators and targets, sustainability policy and procedure, and ESG training.

Testimonials

IFRS Sustainability Disclosure Standards public workshop_Malaysia
IFRS workshop Bernard Business Consulting
IFRS Sustainability Disclosure Standards public workshop_Malaysia_Sustainability reporting
"I love the two ways communications between the participants & the trainers. Good motivations & the brainstorming sessions."
Ira Syakila
Assistant Sustainability Manager
"Interesting workshop-training notes, activities and communication between the trainer and participants."
Monishcy
Sustainability Manager

Available Dates

Date: 8th July 2026

Time: 9:00 am to 5:00 pm, MYT

Location: Level 18, Equatorial Plaza, Jalan Sultan Ismail, 50250 Kuala Lumpur

Language: English

Fees: RM 1288 per pax (Excludes 8% SST) 

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FAQs

Who is this workshop designed for?

Our workshop is tailored for businesses, executives, employees, sustainability practitioners, sustainability practitioners, who are interested in enhancing their understanding of IFRS.

Absolutely. Whether you’re new to sustainability or an experienced practitioner, this workshop offers valuable insights for all levels of expertise.

This workshop focuses on the practical application of double materiality. Participants will learn how to identify, assess, and prioritise key ESG topics, and develop a clear double materiality matrix to support strategic decisions and sustainability reporting.

Yes, the workshop includes interactive sessions, case studies, and group activities to enhance engagement and facilitate active learning.

The workshop duration is 7 hours. Please check the event details or contact us for specific information on the workshop you are interested in attending.

Yes, our workshops often include networking sessions, allowing participants to connect with fellow attendees and industry experts, fostering valuable professional relationships.

Yes, upon successful completion of the workshop, participants will receive a certificate of participation, which will include the topics covered and the corresponding CPE hours.

Yes, this workshop is 100% HRD Corp claimable. We will provide you with relevant documents for claiming purpose upon your registration. 

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Register as an individual

For self-funded participants, please proceed with payment and complete the registration form.

*Registration is now open for the 8th July 2026 session.
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Apply for HRD Corp Grant

Complete the registration form and we will assist with the HRD Corp grant application.

*Registration is now open for the 8th July 2026 session.
Apply now