BusinessAugust 19, 2026
immateriality
IM-muh-teer-ee-AL-ih-tee
Definition
The state of being insignificant or irrelevant, specifically in accounting or reporting, where information is not important enough to influence the decisions of users.
Etymology
Derived from the Latin 'immaterialis,' combining the prefix 'in-' (not) with 'materia' (matter). It has been used since the 15th century to describe things that lack physical substance or, in business contexts, lack sufficient importance.
In the news
The article uses the term to explain why Scope 3 emissions data for the company's Russian facility were excluded from the report, noting they were not significant enough to require inclusion.
Dyo Boya secures KPMG assurance on TSRS‑aligned 2025 climate report
Read the full article ↗TipRanks