Materia lity

Materia lity is an important concept in CSR reporting defined as those aspects of a business that reflect the organization's significant economic, environmental, and social impacts, or substantively influence the assessments and decisions of stakeholders.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Materia lity. An important concept in CSR reporting defined as those aspects of a business that reflect the organization's significant economic, environmental, and social impacts, or substantively influence the assessments and decisions of stakeholders.