Envoria’s Post

Pleased to publish Part 2 of our CSRD Explainer for SMEs on sustainability reporting. Whilst CSRD directly affects large corporates and listed SME’s, the value chain reporting requirements under CSRD for those large corporates and listed SME’s will have far reaching impacts on sustainability strategy and reporting for SMEs they interact with, and also increased adoption of voluntary sustainability reporting for SME’s. The EFRAG guidance for voluntary SME reporting will be of assistance for SME’s tasked with looking at sustainability due diligence/questionnaires and approaching reporting on their sustainability credentials. Philip Lee LLP #ESG #sustainabilityreporting #CSRD #SME

🤔 Curious about the standards guiding Tese's sustainability journey? 🤔 At Tese, we use SASB Standards to ensure SMEs transparency, accountability, and industry-specific relevance in ESG reporting. SASB Standards are designed to help companies communicate financially material sustainability information to investors, making them an essential tool for businesses that want to demonstrate their commitment to transparency and accountability. On average, SASB Standards include 13 metrics per industry, these metrics are organised into 5 categories 👇 📌 Read the full article here: https://lnkd.in/g6-JQjVk 📍 Request a FREE demo here: https://lnkd.in/gyTRKDvK

🌟 Exciting Update in Sustainability Reporting! 🌱 📊🌍 Yesterday, EFRAG released a study asking 28 companies on their practices for ESRS implementation supported by Boston Consulting Group (BCG). This comprehensive study provides invaluable insights into the current landscape of sustainability reporting across Europe and an implemantation guidance. It's a must-read for anyone involved in ESG and sustainability efforts! 🌱 Key highlights from the report include: - Early adoption trends and best practices from leading companies - Detailed analysis of compliance with ESRS requirements - Practical challenges and innovative solutions encountered by organizations 🌟 Focusing on: - #DoubleMaterialityAssessment - #DataPoints - #ValueChain - Organizational #ESGReporting Approaches As we navigate the complexities of sustainability reporting, this report is a critical resource for ensuring transparency, accountability, and alignment with European sustainability goals. Let's leverage these insights to drive meaningful change and enhance our reporting practices. 🌿 #BusinessTransformation #Sustainability #ESG #EFRAG #SustainabilityReporting #ESRS #CorporateResponsibility #Transparency #SustainableBusiness #CSRD #CSRDReporting

Are you prepared to navigate the complexities of ESG reporting in the public sector? Join us tomorrow for our ESG Reporting for the Public Sector webinar for a thought-provoking discussion on sustainability reporting where we share actionable insights and strategies tailored to the public sector. Register now!

2024 is the first year for sustainability reporting under the CSRD. This directive establishes the guidelines for approximately 50,000 companies (either based in the EU or operating within the EU) on how they must report ESG information according to the European Sustainability Reporting Standards (ESRS) standards. As we enter the second half of the year, BCG is proud to have supported the development of the newly launched EFRAG report, 'State of Play as of Q2 2024 | Implementation of European Sustainability Reporting Standards (ESRS).' This report shares initial observed practices from 28 European companies across 8 industries, including both non-financial institutions and financial institutions. This study shows that companies are embarking on this complex and renewed journey with the ambition to elevate a previously perceived reporting effort into a strategic exercise that engages the whole organization up to the Board. Read the insights here: https://lnkd.in/dR7EPMTz #Sustainability #ESG #ESGReporting

EFRAG has released a 'State of Play as of Q2 2024 | Implementation of European Sustainability Reporting Standards (#ESRS)' The study examines emerging practices by interviewing 28 large EU-based companies across various sectors, both financial and non-financial. These companies were selected for their potential maturity and resources in applying ESRS. The analysis focuses on key areas such as materiality assessment, value chain, datapoint gap analysis, and ESG reporting approaches #CSRD #climatedisclosures

Are you prepared to navigate the complexities of ESG reporting in the public sector? Join us on May 8 for our ESG Reporting for the Public Sector webinar for a thought-provoking discussion on sustainability reporting where we share actionable insights and strategies tailored to the public sector. Register now!

Are you prepared to navigate the complexities of ESG reporting in the public sector? Join us on May 8 for our ESG Reporting for the Public Sector webinar for a thought-provoking discussion on sustainability reporting where we share actionable insights and strategies tailored to the public sector. Register now!

Are you prepared to navigate the complexities of ESG reporting in the public sector? Join us on May 8 for our ESG Reporting for the Public Sector webinar for a thought-provoking discussion on sustainability reporting where we share actionable insights and strategies tailored to the public sector. Register now!

🌍 CSRD Milestones & Applicability – Key Dates for ESG Reporting The Corporate Sustainability Reporting Directive (CSRD) is reshaping the landscape for sustainability reporting, bringing about essential milestones for both EU and non-EU companies. Here’s a quick breakdown of key dates to help you stay compliant and prepared: 📌 April 2021: CSRD proposal adopted by the European Commission (EC). 📌 June 2023: EFRAG submits the Sector & SME Standard. 📌 July 2023: CSRD passed, and draft ESRS submitted. 📌 January 2024: CSRD applies to large listed companies (NFRD reporters). 📌 January 2025: CSRD applies to large undertakings. 📌 January 2026: CSRD applicable to listed SMEs. 📌 January 2028: CSRD extended to non-EU companies. With these milestones approaching, it's crucial for businesses to prepare their ESG (Environmental, Social, and Governance) reports in line with the upcoming standards. 🔗 Let’s build transparency and drive sustainable growth together! Learn how IRIS CARBON® can help. #Sustainability #ESG #CSRD #CorporateReporting #SustainabilityReporting #EURegulation