BrownFlynn recently got a firsthand look at the G4 guidelines and summarized the top nine things one needed to know. No. 1 on this list: “Materiality is a must.”

While previous guidelines encouraged companies to determine materiality, they tended to focus on the number of indicators reported on and the application level achieved. The G4 guidelines explicitly require reporting efforts to focus on materiality, with the first step in the process being a robust materiality assessment followed by disclosure of material topics.

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