From www.icaew.com: The IFRS Foundation defines material information consistently for both financial and sustainability-related reporting, where information is deemed material if its omission or misstatement could influence user decisions.

Distinct scopes of reported information lead to different materiality judgments for sustainability versus financial disclosures, such as longer time horizons and varied types of information.

Understanding these differences helps accountants effectively navigate the application of the materiality principle in producing integrated financial reports.