VERSO Materiality Module – approach to dual materiality analysis audited by auditors as CSRD and IDW audit-compliant

• The AI-supported software process approach for the double materiality analysis of the VERSO Materiality Module receives official certification of CSRD and audit-related conformity following IDW requirements.
• Customers have already expressed consistently positive feedback: the manageability and efficiency of DWA processes have increased significantly.

Based on a proprietary project, research and benchmark database with around 60,000 different parameters and an encapsulated “AI engine”, customers receive individual, industry- and company-specific suggestions for sustainability impacts at the touch of a button, each with descriptions and potentially relevant stakeholders. These are then added to, evaluated and finally assessed by the customer in an intuitive process. The VERSO Materiality Module is based on many years of experience in sustainability and risk management, auditing and more than 250 successful materiality analyses. The Materiality Module is offered and used by VERSO and selected consulting, auditing and technology licensing partners. Customers of the innovative VERSO Materiality solution have already expressed consistently positive feedback: the manageability and efficiency of DWA processes have increased significantly. The reliability of the results of the AI-supported process approach has now also been certified by the IDW-certified auditors. When used correctly, it guarantees a proper double materiality analysis. Therefore, The mapped process complies with the requirements of the CSRD and the ESRS standards and is suitable for supporting companies in their due diligence processes (and thus their audits). The conformity assessment was carried out following the international auditing standard ISAE 3000. In addition to the standards for sustainability reporting (ESRS), the IDW ESRS module announcement IDW FAB 100 also forms the basis of the assessment. Auditors use the latter for the uniform interpretation and application of the ESRS.