How EHS&S Professionals Should Prepare for ESG Reporting ??

We have had a busy year here at Resolution Digital supporting EHS&S professionals in achieving their health and safety goals.

Today, we’re shifting our focus to sustainability.

With the impending changes in sustainability expectations and the introduction of the Corporate Sustainability Reporting Directive (CSRD), organisations are gearing up for the necessary reporting coming into place.?

Even reporting is not mandatory for your business yet, EHS&S professionals should prepare.

But how??Let's find out...

ESG in a Nutshell

ESG reports serve as a crucial tool for transparently showcasing advancements in environmental sustainability and corporate governance. Similar to annual reports, ESG reports facilitate communication with employees, investors and regulatory bodies.

Why ESG Scoring and Standards are Important

As ESG credentials have become increasingly important to employees, consumers and investors, organisations have begun formalising the way they score, report and communicate around it.

And with the introduction of the Corporate Sustainability Reporting Directive (CSRD), accessing relevant ESG information will become easier, enhancing the assessment of investment risks related to sustainability.

Reporting Requirements

CSRD reporting requirements kick in during the 2024/25 financial year, applicable to most EU-listed companies, large non-EU subsidiaries and Eurozone businesses with a turnover exceeding €150 million.

When crafting an ESG strategy, businesses should emphasise sustainability as a core business element, covering topics and indicators that align with stakeholder concerns and eco-friendly practices.

Meeting Reporting Standards

Achieving ESG reporting standards involves:

• Understanding ESG reporting intricacies across your business areas.
• Identifying the most suitable ESG reporting framework.
• Collecting comprehensive governance, social and environmental data.
• Crafting transparent and concise ESG reports aligned with chosen framework guidelines.
• Enhancing data management procedures for reliable and accurate ESG data.

Why You Should Choose Bespoke Data Management

To stay ahead of the curve, organisations need to address increased reporting demands by launching business-specific data collection, management and reporting programmes.

Bespoke data management solutions offer:

• Precision: Tailor your software to capture the exact data points that matter most to your ESG reporting.
• Scalability: As your business grows, so do your sustainability needs. Bespoke solutions scale with your business.
• Future-proofing: Regulations evolve, and so should your reporting capabilities. Bespoke software allows for easy adjustments.
• Integration: Likelihood is, you already have software in place, for H&S, reporting and more. Choosing a bespoke system means that your new software can easily be programmed to work in harmony with existing systems.

What to Do Next

When faced with new reporting requirements, there might be a tendency to rush into them without a thorough assessment. Your organisation should take a step back and understand your supply and value chains better first.

Consider all possible options and choose an informed decision that works best for your business.

Need help implementing sustainability reporting systems? Get in touch with our software development team today.