REPORTING: WHAT YOU NEED TO KNOW
This section is built for all business owners who want to comply with sustainability reporting guidelines and respond to the demand for transparency and trust*
*according to ISO 26000 Corporate Responsibility, GRI Sustainability Reporting Guidelines and the new Corporate Social Responsibility Directive (CSRD)
WHY REPORTING?
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Reporting signals a responsible organization, open and honest with its stakeholders
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The report allows all stakeholders to get a much wider picture of your organization than from the traditional financial report.
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Enhances transparency on what you are doing to advance the sustainable development framework
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Compliance with the new CSR Directive (CSRD) and Non Financial Reporting Standards
QUICK FACTS AND NUMBERS
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80% of Fortune Global 500 companies use Global Reporting Initiative (GRI) standards
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67% of investors care more about advancing social and environmental causes
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73% of millennials are willing to pay more for trustful ethically-sourced products
THE SECRET OF A SUCCESSFUL REPORT IS GOING BEYOND JUST COMPLIANCE
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Reporting scope -> focused on your value chain
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Performance indicators -> transparency on entire capital
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Dominant driver -> strategic, holistic, future oriented model
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Trend -> quality over quantity plus humanizing data
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Reporting data -> concise and material
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Report -> digital, easy to share
NEW: THE DOUBLE MATERIALITY
Double materiality recognizes that companies and financial institutions must manage and take responsibility for the actual and potential adverse impacts of their decisions on people, society and the environment, by looking at:
Financial Materiality - What the growth is in the reporting year
Non -Financial Materiality - Where is the growth coming from, the IMPACT
(this is what the ESG report focuses on)
SUSTAINABILITY REPORTING ROADMAP
STEP 1: Develop a Reporting Plan
STEP 2: Engage stakeholders
STEP 3: Select the material issues
STEP 4: Develop the narrative
STEP 5: Develop the data
STEP 6: Provide assurance
WHAT OUR CUSTOMERS THINK
ABOUT THEIR REPORTS
ZANGEZUR Copper Molybdenum Combine
Armenia
copper & molybdenum combine
A sustainability report is an integral part of the reputation of the company, its commitment [..] its face.
Roman Khudoli - CEO ZCMC
see the report here
Europe, Asia & US
textile, packaging and labelling
We extend our gratitude to our consultant, Corina Radu, for her invaluable assistance in this first report.
Jonas Wollin - Owner RH AB
see the report here
What does it mean?
stronger transparency requirements
big companies (over 150 Mio EUR)
in EU and outside EU must comply
almost 50.000 companies mandatory to report
(11.000 already started) stock listed or not
What is the implementation timeline?
End 2024 for all companies already reporting
End 2025 for companies exceeding at least two of the following criteria:
a. more than 250 employees;
b. turnover of more than €40 million;
c. or, total assets of €20 million
End 2026 for all stock listed companies
Get ready for your ESG Reporting:
Book Your Report Call Now!
In this 60 minutes Report Call we will cover:
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Your readiness for reporting according to GRI requirements