The aim of this study is to validate the cycle of sustainability performance measurement in the context of materiality. The study examines whether materiality contributes to the progress of the area through the framework proposed by Andy Neely. To do so, the paper explores the five questions that could guide future field research. One of the limitations is that the topic addressed was explored from the viewpoint of the performance measurement GRI, more specifically in its latest G4 version. The guideline perceives materiality as the key element for sustainable reporting, so the principle should be studied to see how important it is to industries. Results show that materiality contributes to the maturity of the topic by providing the necessary support for the theory introduced by Neely, more specifically the framework of the article “The evolution of performance measurement research: Developments in the last decade and a research agenda for the next”. Consequently, Neely’s future agenda was debated with the concepts of materiality applied in the practical environment of business. This document meets the identified need to explore the materiality tool, since the field needs future research due to little literature found.