ESG reporting
ESG (Environmental, Social, and Governance) reporting is becoming an increasingly important aspect
for companies operating in the European Union due to growing regulatory requirements as well as
stakeholder expectations regarding transparency of companies' actions in these areas. One of
key regulatory elements shaping how companies must approach
ESG reporting is the Directive of the European Parliament and of the Council on the disclosure
of non-financial information (NFRD – Non-Financial Reporting Directive), and its successor, CSRDD
(Corporate Sustainability Reporting Directive), which aims to further expand the scope and
depth of reporting.
NFRD (Non-Financial Reporting Directive)
Scope
Applied to large public companies with more than 500 employees, requiring them to
disclose information regarding the impact of their activities on the environment, social issues, and
employee-related issues, respect for human rights, combating corruption, and bribery.
Goals
The aim is to increase transparency of corporate activities in the realm of ESG aspects,
allowing investors and other stakeholders to better understand the risks and opportunities
associated with a given enterprise.
CSRD (Corporate Sustainability Reporting Directive)
Scope
Expands the scope of NFRD, encompassing a larger number of companies (including small and
medium-sized companies listed on the stock exchange, with exceptions for the smallest among them), and increasing
the detail of required information.
Goals
CSRD aims to provide more detailed and reliable ESG information,
facilitating comparisons between companies and monitoring progress in achieving sustainable
development. The directive also introduces a requirement to comply with the European Standard
Non-Financial Reporting (ESRS).
Key differences
Scope of application
CSRD significantly expands the scope of companies affected by the new
regulations.
Reporting standards
CSRD introduces more specific requirements regarding the content
of reports, based on the newly developed ESRS.
Audit and Assurance
CSRD also introduces requirements regarding assurance by
external third party that ESG information is reliable.
If your company is required to comply with the CSRDD guidelines, it will be necessary to
adapting to more stringent reporting standards and possibly increasing
investments in ESG strategies and practices. It's worth starting preparations now for the implementation
of these changes to ensure a smooth transition and avoid issues related to non-compliance.
It's also an opportunity to emphasize the company's commitment to sustainable development and social
responsibility.
In today's world, when social awareness of sustainable development and
responsible business is increasing, presenting a robust ESG (Environmental, Social, and
Governance) becomes a crucial element of every strategy
entrepreneurial organization.
WHY ESG?
ESG reporting not only highlights the company's commitment to environmental, social, and governance issues,
but also significantly impacts its reputation, enabling the building of lasting relationships with customers,
investors, and partners, who increasingly make choices based on criteria
sustainable development.
OUR OFFER
We offer comprehensive consulting services and support in creating ESG reports,
tailored to the specifics of your business. Our team of specialists with extensive experience
in the ESG industry provides:
Preliminary Analysis
Conducting a detailed analysis of the company's past actions in
the ESG area, assessing current practices and procedures.
Development Strategy
Identification of areas for improvement and proposing directions for action
that enhance the company's sustainable development.
ESG Raport
Development of a comprehensive ESG report, including
detailed data and analysis regarding the company's impact on the environment, society, and
governance.
Support with implementation
Consulting on implementing recommended
changes and innovations aimed at improving ESG indicators.
Benefits
Our Approach
We understand that every company is unique. Therefore, our solutions are fully
personalized to meet specific needs and goals of our
clients' operations.
We invite you to contact us.
If you are interested in collaboration or would like to learn more about our offerings, please feel free to contact us. We look forward to the opportunity to work together and create a better future for your company and community.