BARC’s Post

CRIDO Webinar: ESG Reporting – A Revolution for Companies Starting in 2025 The Belgian Business Chamber (BBC) invites you to join an insightful webinar hosted by CRIDO, a #BBCMember. 📅 21 August 2024 🕚 11:00 AM - 12:00 PM As ESG reporting becomes increasingly crucial for businesses, this session will provide valuable guidance on how to effectively prepare for upcoming regulatory requirements while unlocking tangible benefits for your company. Both large entities and smaller companies are beginning to realize the importance of ESG data, especially as it becomes more commonly required by business partners and financial institutions. Agenda Highlights: ◼ CSRD / ESRS / EU Taxonomy – What requirements will large companies face starting in 2025, and why is it more than just expanding the management report? ◼ How to effectively implement an ESG reporting system? ◼ Who should be a member of the project team? ◼ How to leverage the process to identify and capitalize on business opportunities while minimizing risks related to ESG issues? ◼ Practical examples from reports prepared based on ESRS. Speakers: - Tomasz Loose – Managing Partner in the Business and Technology Consulting Team - Adam Grzymislawski – Manager in the Business and Technology Consulting Team - Mariana Batiuk – Senior Consultant in the Business and Technology Consulting Team Visit our website https://lnkd.in/dB3HBTpV to find the registration form and add the event to your calendar. 🗓️ Join us for an in-depth look at ESG reporting and stay ahead of regulatory changes!

Spreadsheets still taking the lead in 2024 as most organizations are still dependent on them despite the several ESG reporting software available in the market. Read KPMG report below highlighting what organizations are spending on in relation to ESG and the progress seen.  https://lnkd.in/g-vzT3eK

𝘖𝘯𝘭𝘺 25% 𝘰𝘧 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘧𝘦𝘦𝘭 𝘵𝘩𝘦𝘺 𝘩𝘢𝘷𝘦 𝘵𝘩𝘦 𝘌𝘚𝘎 𝘱𝘰𝘭𝘪𝘤𝘪𝘦𝘴, 𝘴𝘬𝘪𝘭𝘭𝘴, 𝘢𝘯𝘥 𝘴𝘺𝘴𝘵𝘦𝘮𝘴 𝘪𝘯 𝘱𝘭𝘢𝘤𝘦 𝘵𝘰 𝘣𝘦 𝘳𝘦𝘢𝘥𝘺 𝘧𝘰𝘳 𝙞𝙣𝙙𝙚𝙥𝙚𝙣𝙙𝙚𝙣𝙩 𝙀𝙎𝙂 𝙙𝙖𝙩𝙖 𝙖𝙨𝙨𝙪𝙧𝙖𝙣𝙘𝙚.  This is what came out from this KPMG  survey. Such assurance is mandatory for number of the key Sustainability reporting frameworks around the world such as CSRD, IFRS and many others. How firms deal with missing ESG data, performing required calculations and simulations are just example of areas that are going to trigger lot of questions during the assurance process and firms should start already now thinking about how they want to answer them. https://lnkd.in/eHE8_jWK

With the new Corporate Sustainability Reporting Directive (CSRD) legislation now enacted across Europe, many senior stakeholders are struggling to validate the data provided in their ESG reports. This directive, effective from 2024, requires companies to provide detailed and accurate sustainability disclosures, impacting around 50,000 companies, including EU large undertakings and certain non-EU companies with significant EU operations . ESG Management Services is offering comprehensive support to companies and senior stakeholders by providing Quality Assurance checks on their ESG reports. Our team of expert consultants ensures that your reports meet the stringent requirements set by regulatory and compliance bodies. We employ a bespoke data modeling framework, ‘Audit, Planning & Implementation (APIs),’ to thoroughly assess and validate your ESG data, giving you peace of mind that your reports are accurate and compliant . Come to us at ESG Management Services for reliable and expert assistance in navigating the complexities of CSRD compliance and ensuring your ESG reports are validated and trustworthy. #ESGManagement #QualityAssurance #ESGReporting #CSRE #Compliance #DataValidation #Sustainability #CorporateGovernance #ExpertConsultants #RegulatoryCompliance #ESGServices

Is your business future-proof? Did you know? 95% of companies report some level of #Sustainability information! Why? Because ESG reporting is no longer a nice-to-have, it's a must-have. It builds trust, strengthens reputation, and drives long-term success. Learn how ESG reporting benefits your business with Topco Media and AICPA & CIMA's Tariro Mutizwa: https://hubs.la/Q02lVqsJ0 #ESG #Business #FOS2024 #ESGReporting

📚 What we read this week: Workiva's 2024 #ESG Practitioner Survey Our Key Takeaways: 💡Assurance creates accountability, which drives performance: 88% believe that assurance over ESG data increases the likelihood that a company will achieve its goal 💡65% of executives surveyed say ESG regulation has disrupted their company’s reporting processes, driving process complexity. 💡8 out of 10 people believe there’s more value to integrated reporting than just compliance: Positive Impact on Decision-Making + Long-Term Value Creation = Improved Financial Performance. Read it here: https://hubs.li/Q02xh_rJ0

Compliance with the Corporate Sustainability Reporting Directive (CSRD) is not just a legal requirement but a strategic imperative for companies within the EU. Embracing the concept of Double Materiality, wherein companies recognize the impacts of their operations on both financial performance and broader societal and environmental factors, is key to navigating the complexities of CSRD. Understanding the intricacies of CSRD compliance involves delving into the entire value chain, identifying risks and opportunities at every stage of operations. It requires a thorough examination of processes, supply chains, and stakeholder engagements to ensure comprehensive reporting. Moreover, adherence to CSRD necessitates the adoption of best available techniques to collect, verify, and report sustainability data accurately. Companies must invest in robust systems and processes to meet these requirements effectively. Failure to comply with CSRD not only carries financial penalties but also poses reputational risks and undermines stakeholder trust. Conversely, embracing CSRD presents companies with opportunities to enhance their resilience, drive innovation, and gain a competitive edge in the market. By proactively addressing the complexities of CSRD compliance, companies can demonstrate their commitment to sustainable practices, foster transparency, and create long-term value for both shareholders and society as a whole. The #Capgemini #SustainablePerformance solution enables you to identify the data points and KPIs aligned with your strategy by assessing your current ESG data maturity, recommed and implement to industrialize the ESG reporting processes within your organisation through efficient ESG reporting processes and data governance. Also, our approach will ensure that you get access to a Global Regulatory Watchtower to understand the changing legislative landscape along with the impact to your business. All of this can be delivered as-a-service to accelerate your internal capabilities. Speak to the us to understand how we can work together and help you tide over the impending CSRD requirements and convert the associated risks as opportunities to achieve sustainable futures. #Capgemini #GetTheFutureYouWant #sustainabilityperformance #CSRD Diana Szasz Frances Zhang, PhD Manogna Goparaju, PhD Melissa Leung Pah Hang, PhD Courtney Elizabeth Stipe Holm Svenja Nebert Natalia Orrala Juan Camilo Díaz Reina Image source: Linkedin

https://lnkd.in/eAna_XDj How to use ESG input to steer your business financially? Ask KPMG Belgium

On May 16, 2024, SEBI introduced a comprehensive master circular aimed at enhancing transparency and reliability in #ESG (Environmental, Social, and Governance) ratings. This landmark document sets new standards for ESG Rating Providers (#ERPs), detailing their registration process, approval #roadmap, and conditions for surrendering registration. It clarifies the types of ESG ratings, standardizes #ratingscales, and defines acceptable business models to prevent conflicts of interest. The circular also outlines a transparent #ratingprocess and strong governance norms to ensure ethical conduct and objectivity. Emphasizing trust, #SEBI mandates regular internal audits to ensure compliance with regulations and best practices, bolstering the credibility of ESG ratings in sustainable investing. For any queries on sustainability reporting, services, or BRSR- Drop a comment or write us at rachna@easpl.co.in. #sustainability #BRSR #ESG #audit #mandate