From www.icaew.com: Accounting professionals can apply the materiality principle to integrate sustainability-related information into financial reports by expanding their perspective to include long-term impacts and risks.

This approach emphasizes engaging with external stakeholders during materiality assessments while maintaining professional duties of care, public interest, and ethics.

By doing so, accountants can identify and manage a broader set of sustainability-related risks and opportunities, ensuring that their organizations remain resilient and compliant with evolving disclosure obligations.