Double materiality assessment support for Ferrexpo

CUSTOMER CHALLENGE​

Driven by a commitment to stay ahead of the new EU Corporate Sustainability Reporting Directive, Ferrexpo, a Swiss-based FTSE 250 commodity trading and mining company and the world's third-largest iron ore pellet exporter, wanted to undertake a double materiality assessment.​

RICARDO SOLUTION​

Ricardo's double materiality assessment, aligned with European Financial Reporting Authority Group guidance, identified a comprehensive range of actual and potential environmental, social and governance impacts, risks and opportunities. ​

Through internal and external stakeholder engagement, Ricardo assessed these impacts and their financial implications, informing the prioritisation of material topics and their seamless integration into client strategy. ​

This approach ensured both regulatory compliance and strategic advantage.​

CUSTOMER BENEFIT​

Double Materiality transformed Ferrexpo's approach to sustainability by:​

• Offering a clearer picture of its full environmental and social impact enabling resources to be allocated efficiently and the development of future strategies that harmonise purpose and profit.​
• Fostering transparent and engaging conversations with stakeholders, improving relationships and trust. ​

Read more about the work we have undertaken for Ferrexpo.  

Visit our Sustainability and ESG Strategies page to find out more about our services.