Environmental, Social & Governance (ESG)

Sustainability and Corporate Social Responsibility (CSR) are of relevance to nearly all organisations. Once a trend, they have developed to become an important factor in strategic decision-making. The current regulatory environment (CSRD, ESG criteria, Supply Chain Act, EU taxonomy etc.) is showing more and more clearly how closely intertwined (capital) market performance and sustainability factors are. For years, many organisations have taken the approach “Do good and tell the world about it!” and voluntarily reported about the social, economic and environmental (CSR) aspects of their corporate activities.

However, given the recent efforts on European level – the Sustainable Finance Action Plan, the European Green Deal, extension of the scope of the CSR directive – CSR reporting obligations and the related audits of non-financial information are increasingly turning into an obligation for companies.

Against this background, social responsibility of all market players and transparency of non-financial reporting and CSR reporting are becoming more and more the focus of attention. Due to constantly changing legal requirements and the information and audit obligations resulting from this, many companies are faced with new challenges around CSR.

This also entails the question what standards and frameworks should be used for non-financial or sustainability reporting. Moreover, companies are required to continuously deal with further aspects surrounding this issue, such as climate-related indicators in CSR reports, and to class their economic activities within the EU taxonomy.

SUSTAINABILITY REPORTING CONCERNS ALL INDUSTRIES

One thing is certain: companies and municipal suppliers have to face up to the long-term impact of their economic activities and – conversely – to the significance of climate change for their business model.

Nowadays, companies from all industries need to have a strategic sustainability approach that is reflected in their CSR reporting. Finance officers and auditors traditionally rather focus on economic hard facts than on CSR.

But today and in the future it is vital to build a bridge and to align the financial hard facts with the non-financial dimension (CSR) of corporate activities and, thus, with corporate reporting. Moreover, the factors affecting company performance and profitability are changing faster and faster and the changes are more and more fundamental. Risks and opportunities arising from sustainability concern nearly every company and understanding them is therefore becoming more and more crucial to a company’s success.

Sustainability, social responsibility and business success are not mutually exclusive. CSR rather offers a great opportunity to companies and municipal suppliers. Our strength is the implementation and optimisation of CSR reporting structures and the audit of non-financial as well as sustainability reports. Our interdisciplinary Sustainability Services Team will assist you as consultant and auditor in navigating the complexities of sustainability reporting. We begin by preparing a CSR assessment.

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BILD CSR ASSESSMENT EN

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Apart from this, we also cover a wide range of various topics, such as:

SUSTAINABILITY REPORTING

Basic consulting on sustainability reporting, legal requirements and developments in CSR
CSR assessment as a starting point and determination of the status quo
Definition and introduction of a sustainability strategy
Support in /preparation of a materiality assessment
Support in implementing a stakeholder dialogue
Definition of a reporting process and standards
Analysis/optimisation of existing reporting structures and CSR processes
Development of an internal control system for CSR and ESG data
Support in or preparation of sustainability reports (e.g. CSR-RUG (CSR Directive Implementation Act), UN Global Compact, DNK or GRI)
Support in choosing the appropriate sustainability reporting software
Efficiency control and fine-tuning of the implemented measures and processes
Consulting on the EU taxonomy

AUDIT

Audit of the processes relating to the collection of sustainability data
Audit of non-financial (group) statements (CSR-RUG)
Audit of sustainability reports according to national and international standards (e.g. UN Global Compact, DNK, and GRI)

Contact

Contact Person Picture

Christian Maier

Partner

+49 711 7819 147 73

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