Assessments (DMA) Overview
The Assessments module guides you through a full Double Materiality Assessment (DMA) as required by CSRD. Karomia's AI-powered approach delivers audit-ready results using EFRAG-compliant methodology.
What is a Double Materiality Assessment?
A Double Materiality Assessment evaluates sustainability topics from two angles:
- Impact materiality — How your organization affects the environment and society.
- Financial materiality — How sustainability topics create risks and opportunities that affect your organization's financial position.
The four phases
The DMA in Karomia follows a structured four-phase process:
1. IRO Analysis
Define your organization's context so the AI can generate a comprehensive, contextualized list of Impacts, Risks, and Opportunities (IROs).
- Create an assessment
- Define business activities
- Upload relevant documents
- Select most important IROs
- Review questions and their descriptions
2. Stakeholder Mapping
Define who will participate in the assessment and how their input will be weighted.
3. Data Collection
Engage stakeholders using surveys, interviews, and focus groups to gather their input on the selected IROs.
4. Materiality Calculation
Calculate materiality scores, review results, resolve undecided topics, and generate your DMA report.
Key concepts
| Term | Definition |
|---|---|
| DMA | Double Materiality Assessment — the core process of identifying material ESG topics |
| CSRD | Corporate Sustainability Reporting Directive — EU regulation requiring sustainability disclosures |
| ESRS | European Sustainability Reporting Standards — the reporting standards under CSRD |
| IRO | Impact, Risk, or Opportunity — the unit of analysis in the DMA |
| Material topic | An ESG topic identified as significant through the assessment process |