Sustainable success with ESG

According to the Corporate Sustainability Reporting Directive (CSRD), the first group, consisting of larger companies, is required to report according to the standards determined by Europe (ESRS). They must report on the entire year 2024 by January 1, 2025. This not only increases the pressure on this first group to prepare, but also increases the pressure on smaller companies. Companies need data from their suppliers to meet their reporting obligations.

Fortunately, these obligations also present opportunities. Companies that focus on corporate social responsibility can distinguish themselves and take a leading position. Additionally, this development allows everyone to carefully consider the impact they want to make as a business and make conscious choices accordingly. The reporting obligation provides insight and the possibility to achieve actual improvements in results. Moreover, it offers the chance to compare your organization with other players in the market, especially in areas important to your company, such as diversity and inclusion, fair compensation, or innovative methods to measure safety as experienced by employees.

To fully capitalize on ESG opportunities, it's not sufficient to merely develop a reporting solution; you also want to effectively utilize the collected data to achieve your strategic goals. Therefore, it's important to establish an agile data foundation that integrates ESG data with financial information.

Many companies are exploring specialized ESG reporting tools. These tools offer significant benefits, and we collaborate closely with many clients in their implementation and integration. However, these tools also require structured data filling. For this reason, many organizations opt to centrally organize their data to ensure its quality and maintain agility. With an agile data platform, you can report on a wide range of data sources and ensure the quality and validity of your ESG data. This not only meets your reporting obligations but also provides answers to numerous ESG-related questions. Moreover, the agile architecture provides sufficient flexibility to respond to new regulations, additional data points, or shifts in your strategic focus.

Furthermore, ESG reporting is not isolated; it's part of your organization's integrated governance, where an agile data platform is essential.

Conclusion Intelligence supports companies in streamlining the process of data exchange across organizational chains with the ESG Data Hub. This flexible data solution enables seamless data exchange between companies and their chain partners. The ESG Data Hub alleviates burdens for both sending and receiving companies. No standard format is required; data is converted to the desired format via an intelligent AI model. The receiving organization receives the data and undergoes an approval process to ensure the delivered data is checked, validated, and suitable for mandatory audits. All of this aims to relieve you, your organization, and your chain partners, reduce costs, minimize risks, while simultaneously creating new opportunities. Whether it's compliance with the Greenhouse Gas Protocol or other CSRD guidelines, our ESG data services are here to meet your needs.

Are you on track with the CSRD, or do you still feel uncertain? Our ESG experts are eager to explore where your organization stands and how we can provide you with the necessary comfort promptly, at reduced costs, and with fewer risks.