Companies have within their reach an instrument that accredits the actions implemented to enhance respect for the environment and, at the same time, allows them to differentiate themselves from their competitors.
These are sustainability reports, which have acquired greater relevance in a global context marked by climate change and energy transition. In this sense, it is necessary to demonstrate that a company is truly sustainable, not just to affirm it.
As of January 1, 2024, sustainability reporting becomes mandatory for large public interest companies and, as of January 1, 2025, sustainability reporting will be required for large companies not subject to the non-financial reporting directive. That is, those with more than 250 employees and/or a turnover of 40 million euros and/or with 20 million euros in total assets.
What is a sustainability report?
It is a document in which a company details all the actions that positively impact the social, economic and environmental sphere in a specific period of time. This report scientifically measures the risks and challenges generated by the company's business activity and its impact on the sustainable development of the planet.
What are the most important benefits they bring to a company?
- They demonstrate the application of responsible management and that green whasing is not being practiced in the company's public image.
- They create long-term value.
- Improve social reputation and corporate credibility.
- Avoid possible sanctions due to non-compliance with applicable regulations.
- They generate greater trust and transparency among stakeholders regarding sustainable policies and the quality and safety of the company's products and services.
- They make companies more efficient because they know which actions work and which do not, making it possible to prioritize and evaluate initiatives and align them with the defined KPIs.
Why is a sustainability report an essential tool for companies?
- It documents the actions implemented, the results obtained and identifies the risks associated with its operations for the environment.
- Proposes actions to improve sustainability policies to make them more efficient and thus reduce the impact of its activity.
- Establishes future sustainability challenges.
- It is an extremely important mechanism for communication and interaction with the entire ecosystem surrounding the company's activity: customers, suppliers, shareholders, employees,
public administration, stakeholders, etc. - It is an exercise in transparency with society and a commitment to the environment.
What regulations govern sustainability reporting in Spain?
In Spain, the Corporate Sustainability Reporting Directive (CSDR) 2022/2464 has been in force since the beginning of the year, which amends Regulation (EU) no.
537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU,
What are the most important aspects of the standard?
The standard indicates the way in which companies must report on how they conduct their business. It also sets out the required standardized criteria in line with the European Green Pact, the Sustainable Finance Agenda and the UN Sustainable Development Goals (SDGs).
As a result, the companies concerned, 49,000 across Europe, have to transparently describe their environmental, social and governance impact in their sustainability reports.
sustainability reports.
How do we prepare sustainability reports in GRUPO TREBOL ENERGIA?
We prepare sustainable management reports in such a way that our clients are in a position to know precisely the activities they carry out to comply with the SDGs.
Specifically we focus on:
- Definition of sustainability indicators.
- Diagnosis of the organization.
- Sustainability strategy.
- Data collection and analysis on social and environmental issues.
In GRUPO TREBOL ENERGIA we have extensive experience in the creation of corporate sustainability reports and we can accompany you in the process of their preparation under
the new regulatory requirements.