Sustainability is becoming increasingly important in the current regulatory environment
Consideration of sustainability is becoming increasingly important in the current regulatory environment and in attitudes toward business responsibility. Such sustainability data requirements are increasing, as exemplified by the forthcoming EU Corporate Sustainability Reporting Directive (CSRD), which will require many companies to report on their sustainability initiatives. The implementation of these standards will not only be required but will also be essential for business representatives as they become increasingly popular with stakeholders and investors.
CSRD impact on companies
The CSRD will affect listed and large companies, providing clear criteria for application:
• More than 250 employees: companies with more employees are subject to CSRD requirements.
• More than €40 million in sales or more than €20 million in assets: By turnover or asset size, as defined in the CSRD, companies must also report on their sustainability efforts.
These requirements are likely to extend to smaller companies that are part of the suppliers of larger companies subject to the CSRD.
ESG (Environmental, Social, and Governance) Reporting: How We Work:
• Defining Priorities: The first step in ESG reporting is to define those areas that are most important and essential to your organization. This requires collaboration between you and our experts.
• Data Collection and Analysis: once we’ve identified priorities, we explore what data you already have and how we can collect additional data.
• Choice of Units of Measure: We use established units of measure and frameworks such as the Global Reporting Initiative (GRI) and the new CSRD European Sustainability Reporting Standards (ESRS), where applicable.
• Data Collection and Reporting: Our team of sustainability specialists coordinates the data collection and reporting process.
With us, you can be confident that your organization’s sustainability reporting will be done with knowledge and efficiency.
How our team contributes to sustainability reporting:
• Diverse Team: We bring together experts in different areas such as finance, analytics, HR, and data to provide clarity and purpose to your report.
• Goal-Setting Support: We help you clarify your sustainability goals and metrics.
• Helping you Build the Business of the Future: We want to help you build a sustainable business by providing you with tools, metrics, and clarity in your sustainability efforts.
Contact us for more information about our sustainability consulting services.
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