Is it mandatory to generate and submit your company's EINF?

In recent years, due to a vague initial experience and associated only with listed companies, it has generated a large number of doubts about:

• Should I make my EINF public?
• Will I have to audit it?
• How do I collect and calculate the data required by law?

Did you know that the law covers areas such as the fight against corruption and bribery, social criteria in your purchasing policy, human rights or the impact the company has on local development and goes far beyond areas that are the order of the day such as climate change, circular economy or biodiversity?

In our experience it is important to get advice for companies to optimize their resources and to be able to verify their reports without bumps in the road. Mainly:

• Know in detail and point by point the information that the law 11/2018 requests. Diagnose which of that documentation is easy to collect or is already being collected and which will have to be collected.
• This stage is crucial and represents a primordial added effort for the start-up of the project.
• The next point is to collect all the information/documentation for the entire reporting period, both what we already know and have at hand, as well as new and more complex information. Here it is important to incorporate in the project the positions involved by areas and provide the corporate tools available.
• Once the information-documentation has been obtained, we have to generate an agile and friendly report, since it will be a report that must be published and reviewed by different stakeholders.
• Last but not least, the report will be audited by an independent third party, so we must coordinate in time with the selected entity the necessary dates for a correct formulation and approval of accounts.