A concept or convention within the financial community relating to the importance/significance of something relevant to the corporation. Information is material if its omission or misstatement could influence the economic decision of users taken on the basis of the financial statements. Materiality in relation to the inclusion of information in an integrated (financial and sustainability) report refers to matters that “could substantively affect the organization’s ability to create value over the short, medium and long term.” See also: Materiality assessment.