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  "notes": "References GRI 3-1, ESRS, CSRD, and EFRAG standards.",
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      "text": "The concept of double materiality means that companies have to report not only on how sustainability issues might create financial risks for the company, but also on the company's own impacts on people and the environment.",
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      "text": "In 2023 Amadeus updated its materiality assessment using this double materiality principle as a reference. This study was led by external consultants (Mazars). Both the impact and financial materiality analysis were carried out following the GRI Universal Standards and the preliminary version of the ESRS prepared by the European Financial Reporting Advisory Group (EFRAG). The methodology for each analysis is described in the following table.",
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      "text": "The materiality analysis is a principal driver for the selection of the specific environmental, social and governance (ESG) indicators. The European Sustainability Reporting Standards (ESRS), approved in 2023 together with the Corporate Sustainability Reporting Directive (CSRD) by the European Commission, rely on the double materiality analysis as the basis for sustainability disclosures. The concept of double materiality means that companies have to report not only on how sustainability issues might create financial risks for the company (financial materiality), but also on the company's own impacts on people and the environment (impact materiality). Both assessments are inter-related and the interdependencies between these two dimensions shall be considered.",
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