Labels in Materiality Master are a powerful way to organize and categorize your Impacts, Risks, and Opportunities (IROs) within your preferred Double Materiality Assessment software. They help differentiate between different categories, such as companies, locations, business segments, or key topics like human rights.
1. What Are Labels in Materiality Master?
Labels act as tags that can be assigned to IROs to:
✅ Distinguish between group-level and subsidiary companies.
✅ Identify IROs specific to locations or business units.
✅ Flag key topics, such as human rights-related IROs.
✅ Anything else that you have in mind.
2. How to Add Labels to an IRO
Adding labels in Materiality Master to an IRO is simple.
- Open an IRO in your assessment.
- Click “Add a Label” at the top.
- Select an existing label or create a new custom label (choose a name & color).
- Click “Save” to apply the label. 🚀 There is no limit to the number of labels you can assign to an IRO!
3. Using Labels in Materiality Master for Filtering & Exporting
Labels are especially helpful for analysis purposes:
- Filter IROs by label to quickly find relevant topics.
- Labels are included in exports, making it easy to analyze data.
4. Streamlining Multi-Company Assessments with Labels
Labels provide a seamless way to manage a joint assessment across complex multi-company structures. Instead of conducting multiple separate materiality assessments for each subsidiary, location, or business segment, labels allow you to categorize IROs within a single unified assessment.
This approach ensures consistency, reduces duplication of effort, and enables cross-company comparisons while maintaining clear distinctions between different entities. By filtering and exporting data based on labels, stakeholders can easily analyze specific company-level or group-wide insights, making the assessment process more efficient, scalable, and cohesive. 🚀
5. Maximizing Labels for Your Assessment
Labels in Materiality Master are highly flexible – use them in ways that best suit your needs! We’d love to hear how you leverage them in your assessments.
Try them out today and enhance your Double Materiality Assessment! 🚀