Eurosif - The European Sustainable Investment Forum’s Post

Is your business prepared for the new EU sustainability reporting standards? Join us for a webinar with Continia Software where we will explain what the EU sustainability legislation means for your business, as well as how you can track, manage and report your ESG data accurately and efficiently with #Continia. Register >> https://bit.ly/3KAghZ9 #SustainabilityReporting #ESG

A recent study by EFRAG on the early implementation of the European Sustainability Reporting Standards (ESRS) has highlighted key findings around organisations' approaches to and navigation of ESRS. Insights include: 💡 85% of companies plan to integrate double materiality findings into their strategy. 💡 80% find data collection challenging across all ESG areas. 💡 90% are refining their value chain mapping. 💡 New reporting requirements enhance cross-department collaboration. Understand how these insights can shape your organisation's ESG reporting, and learn more about the European Sustainability Reporting Standards (ESRS) via our Regulations Hub: https://lnkd.in/geHT_9Pd #ESG #Sustainability #ESRS #CSRD #EFRAG #BusinessStrategy #SustainabilityReporting

Is your organization ready for #CSRD? We unlock the intricacies of #ESRS four reporting areas: governance, strategy, impact, metrics and targets based on Double Materiality Assessments that can be used to guide your sustainability strategy whilst managing risk. Charting the rivers of the CSRD journey from a strategic angle requires going beyond reporting and compliance.

A recent study by EFRAG on the early implementation of the European Sustainability Reporting Standards (ESRS) has highlighted key findings around organisations' approaches to and navigation of ESRS. Insights include: 💡 85% of companies plan to integrate double materiality findings into their strategy. 💡 80% find data collection challenging across all ESG areas. 💡 90% are refining their value chain mapping. 💡 New reporting requirements enhance cross-department collaboration. Understand how these insights can shape your organisation's ESG reporting, and learn more about the European Sustainability Reporting Standards (ESRS) via our Regulations Hub: https://lnkd.in/geHT_9Pd Clare F. Rachael O'Hehir Oscar Woods

Many companies in the EU and beyond are currently preparing to report under European Sustainability Reporting Standards (ESRS) and #CSRD requirements. The first to report are the largest companies, but ultimately 50,000 companies, including non-EU companies, will be required to report specific information under these new standards. #ESRS Foundations explains the key concepts and helps understand how they might apply the standards. It navigates the complexity of ESRS, pulling the detailed requirements together in one place, and articulating them in plain English. It also includes insights and illustrative examples to help anticipate some of the key impacts. Whether a company is well advanced on its implementation journey, or taking the first steps, we hope this publication will help meet the challenges – and realise the opportunities enhanced reporting can bring. ttps://lnkd.in/gN5E86Bs

ESMA's Public Statement regarding the application of ESRS The European Securities and Markets Authority (ESMA) has issued a call to action for companies to prepare for the upcoming Corporate Sustainability Reporting Directive (CSRD) requirements. This directive significantly broadens the scope of sustainability reporting, impacting over 50,000 companies. Here are the critical points: Data Collection & Control Systems: Companies are urged to establish robust data collection and control systems to meet the new reporting standards. These systems are essential for gathering accurate and comprehensive sustainability data. Materiality Assessments: Conducting thorough materiality assessments is crucial. These assessments help companies identify and prioritize the sustainability issues most relevant to their operations and stakeholders. Transparency and Connectivity: Ensuring transparency in reporting and establishing clear connections between financial and sustainability information is vital. This integration will provide a more holistic view of a company's performance and impact. Action Steps for Companies: Start building or enhancing data collection and control systems now. Conduct comprehensive materiality assessments to identify key sustainability issues. Ensure that sustainability and financial information are transparently connected in reports. Proactive preparation is essential to comply with these rigorous new standards and maintain a competitive edge. #enachepirtea #theextramile #businesslaw #ESG

🌟 Introducing QGira ESG Software: Compatible with the GRI Framework! 🌟 We are excited to announce that our upcoming ESG software is fully compatible with the Global Reporting Initiative (GRI) framework! 📊🌱 Why GRI Compatibility Matters: • Standardization: Ensures your ESG reporting meets globally accepted standards. • Transparency: Enhances the credibility and transparency of your sustainability reports. • Stakeholder Trust: Builds trust with stakeholders by demonstrating commitment to high reporting standards. Key Benefits of Our Software: ✅ Simplifies data collection and reporting in line with GRI standards. ✅ Streamlines the process of preparing comprehensive and accurate sustainability reports. ✅ Helps you stay ahead of regulatory changes and industry best practices. 🚀 Launching on August 8th, 2024. 🎉 DM me for a demo. #ESG #Sustainability #GRI #Compliance #TechForGood #SustainabilityReporting #GreenMetrics

📐Infographic ⚙️GRC 🌱 Sustainability ESG CSR 📘 Sustainability report for micro, small and medium-sized enterprises 📘 «DIRECTIVE (EU) 2022/2464 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 December 2022 which amends Regulation (EU) no. 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and the Directive 2013/34/EU regarding corporate sustainability reporting" defines the principles and obligations for sustainability reporting. ⚖️ The CSRD provides for the adoption of mandatory European standards for reporting and sustainability (ESRS) whose drafting is entrusted to the EFRAG (European Financial Reporting Advisory Group) ✅ The CSRD only applies to companies that fall within certain size requirements. However, EFRAG also encourages unlisted micro, small and medium-sized enterprises to provide sustainability reporting. For this purpose, EFRAG has prepared a voluntary sustainability reporting standard (VSME ED). 📂 The VSME ED is structured into three modules: 🗒 Basic module: it is aimed at micro businesses and constitutes a basic requirement for other businesses; 🗒 Narrative Module Policies Actions and Targets (PAT): additional requirements to the basic module; 🗒 Business Partner (BP) module: information requirements that are generally requested by financiers, investors and customers. In particular, the Basic Module includes information relating to the following basic metrics: 🌱 Environment 👫 Social issues ⚖️ Business Conduct #GRC #sustainability #CSR #ISO26000 #ESG #environment #society #governance #CSRD #bilanciosostenibilità #sustainabilityreporting #EFRAG #VSME #microenterprise #smallenterprise #mediumenterprise #sme #pmi

📐Infographic ⚙️GRC 🌱 Sustainability ESG CSR 📘 Sustainability report for micro, small and medium-sized enterprises 📘 «DIRECTIVE (EU) 2022/2464 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 December 2022 which amends Regulation (EU) no. 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and the Directive 2013/34/EU regarding corporate sustainability reporting" defines the principles and obligations for sustainability reporting. ⚖️ The CSRD provides for the adoption of mandatory European standards for reporting and sustainability (ESRS) whose drafting is entrusted to the EFRAG (European Financial Reporting Advisory Group) ✅ The CSRD only applies to companies that fall within certain size requirements. However, EFRAG also encourages unlisted micro, small and medium-sized enterprises to provide sustainability reporting. For this purpose, EFRAG has prepared a voluntary sustainability reporting standard (VSME ED). 📂 The VSME ED is structured into three modules: 🗒 Basic module: it is aimed at micro businesses and constitutes a basic requirement for other businesses; 🗒 Narrative Module Policies Actions and Targets (PAT): additional requirements to the basic module; 🗒 Business Partner (BP) module: information requirements that are generally requested by financiers, investors and customers. In particular, the Basic Module includes information relating to the following basic metrics: 🌱 Environment 👫 Social issues ⚖️ Business Conduct #GRC #sustainability #CSR #ISO26000 #ESG #environment #society #governance #CSRD #bilanciosostenibilità #sustainabilityreporting #EFRAG #VSME #microenterprise #smallenterprise #mediumenterprise #sme #pmi

📐Infographic ⚙️GRC 🌱 Sustainability ESG CSR 📘 Sustainability report for micro, small and medium-sized enterprises 📘 «DIRECTIVE (EU) 2022/2464 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 December 2022 which amends Regulation (EU) no. 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and the Directive 2013/34/EU regarding corporate sustainability reporting" defines the principles and obligations for sustainability reporting. ⚖️ The CSRD provides for the adoption of mandatory European standards for reporting and sustainability (ESRS) whose drafting is entrusted to the EFRAG (European Financial Reporting Advisory Group) ✅ The CSRD only applies to companies that fall within certain size requirements. However, EFRAG also encourages unlisted micro, small and medium-sized enterprises to provide sustainability reporting. For this purpose, EFRAG has prepared a voluntary sustainability reporting standard (VSME ED). 📂 The VSME ED is structured into three modules: 🗒 Basic module: it is aimed at micro businesses and constitutes a basic requirement for other businesses; 🗒 Narrative Module Policies Actions and Targets (PAT): additional requirements to the basic module; 🗒 Business Partner (BP) module: information requirements that are generally requested by financiers, investors and customers. In particular, the Basic Module includes information relating to the following basic metrics: 🌱 Environment 👫 Social issues ⚖️ Business Conduct #GRC #sustainability #CSR #ISO26000 #ESG #environment #society #governance #CSRD #bilanciosostenibilità #sustainabilityreporting #EFRAG #VSME #microenterprise #smallenterprise #mediumenterprise #sme #pmi