ESG statement

Creating a sustainability reports

The creation of a sustainability report according to ESRS includes the recognition of the impact, risks and opportunities (double materiality) of the company’s business activities, but also at its upstream and downstream value chain. The reason for this is that the main effects or main risks and opportunities arising from the influence or dependence of the reporting enterprise often occur in its upstream and downstream value chain, rather than in its own operations. Focusing only on one’s own operations would give a partial picture of the impact on people and the environment associated with the company’s activities, products and services, and would not enable adequate identification of impacts, risks and opportunities. Therefore, the process of creating a sustainability report is demanding and involves the participation of several experts from different fields: calculation of greenhouse gas emissions, environmental impact, pollution, biodiversity, circular economy, working conditions, equal treatment and opportunities for all, human rights, corporate governance and business behavior.

Given that we gather a team of experts from various ESG areas, we offer you the service of high-quality and comprehensive creation of a Sustainability Statement for your company in accordance with the prescribed ESRS standards.

Advantages of the sustainable business and sustainability reporting

Mandatory or voluntary reporting on sustainability gives you certain advantages in business. Some of them are listed below:

  • increasing access to capital and reducing its costs: good sustainability reporting can improve a company’s access to external sources of financing,
  • better management of sustainability risks and opportunities: sustainability reporting can help companies identify and manage their own risks and opportunities related to sustainability issues.
  • improving cooperation with stakeholders: sustainability reporting can provide a basis for better dialogue and communication between companies and their stakeholders
  • reputation improvement: sustainability reporting can help companies improve their reputation
  • increasing the transparency of sustainability information: the application of new sustainability reporting standards provides relevant and sufficient information, which will significantly reduce ad hoc requests for information from stakeholders in the future.

Additionally, with the effective application of diversity, equity and inclusion (DEI) policy, which reflects your organization’s commitment to recognizing and respecting differences such as race, nationality, gender, disability, sexual orientation, additional benefits are:

  • attracting and retaining talent (especially in sectors where there is a shortage of labor, in companies with an older workforce or with a low diversity rate)
  • improvement of design, marketing and presentation of products to consumers (especially in sectors dealing with end consumers)
  • improving relations with the local community (especially in sectors where social and environmental externalities negatively affect the community)
  • innovation and risk recognition (especially in sectors where innovation and intellectual property are key to business).

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