“European regulators are already asking companies to report on environmental, social, and governance, or ESG, risks for their businesses. Increasingly, companies will be asked to share how their businesses impact the world around them. This two-pronged assessment is called double materiality.”

[COMMENTARY] In the US this ‘double materiality’ will become a highly fraught issue. The Trump administration will fight it while many — perhaps most — investors will want it.
Get Ready to Hear the Term ‘Double Materiality.’ Here’s What It Means for Investors, by Ron Bundy, January 6, 2025, Morningstar, USA.