Novisto Launches Digital Tool to Automate Double Materiality Assessments

Historically, organizations have relied on infrequent, qualitative surveys that often result in rigid snapshots of sustainability risks. These reports quickly become obsolete and lack the data consistency required for modern audit standards. Novisto's new offering, powered by GIST Impact’s science-backed methodology, replaces these subjective exercises with standardized, evidence-based scoring logic. By embedding the process directly into its core management system, the company allows sustainability teams to document, validate, and track materiality decisions in real time.

The solution addresses the growing pressure of the European Union’s Corporate Sustainability Reporting Directive (CSRD), which demands that firms account for both financial impacts on the business and the company’s broader influence on the environment and society. Katherine Bruce, ESG Reporting Lead at Emirates Group, noted that embedding these assessments into the platform creates a clearer connection between strategic decisions and final disclosures, enhancing traceability.

Novisto CEO Charles Assaf emphasized that the tool is intended to shift materiality from a periodic compliance exercise to a continuous management process. The platform features guided workflows for capturing quantitative data, AI-driven analysis for scoring sustainability topics, and centralized documentation for auditors. By treating sustainability information with the same rigor as financial data, the company aims to provide firms with the confidence needed to manage long-term risks and opportunities effectively.