The sustainability report is the main tool available to companies to communicate, on a voluntary basis, their performance or impact in environmental, social and corporate governance matters. The information included in the sustainability report is relevant for both internal and external stakeholders (customers, suppliers and/or potential investors).
One of the most effective tools for communicating the commitment to responsible and sustainable development are Sustainability Reports, where organisations report on their development in economic, social and environmental terms (triple reporting). The most widely accepted international reporting standard for the preparation of Sustainability Reports is that proposed by the Global Reporting Initiative (GRI), which defines basic principles and content for the preparation of Sustainability Reports, based on a common framework for all organisations that wish to report on these issues, and proposes a series of indicators in the economic, social and environmental spheres.
A Sustainability Report should provide a balanced and reasonable picture of sustainability performance, presenting results obtained within the corresponding reporting period, taking into account the commitments, strategy and approach adopted by the organisation. It is an essential tool for all companies committed to sustainability and the environment.
In an era of great transparency, hyper connectivity and pursue of purpose, there is stakeholders’ ever-rising demand for more and better communication regarding the sustainability practices, initiatives and performance of companies and organizations. A reader friendly sustainability report that meets rigorous recognised standards and conveys the right message about an organization to its shareholders, is the one that achieves its purpose.
In order to survive and grow in an increasingly competitive and accountable business environment, organizations are required to report not only on their financial performance, but also their non-financial performance through sustainability or ESG (environmental, social and governance) reporting.
A sustainability report is a valuable business tool that allows companies and organizations to present their economic, environmental and social impacts, while providing links of how their values and governance model dictate and influence strategy decisions, business performance and sustainability commitments. A good sustainability report is based on a sound sustainability strategy integrated with core business objectives and it demonstrates how companies create value for both the business and society.
To better understand a company’s long-term performance and its prospects for value creation and sustainability, we need to move to globally consistent and assured non-financial reporting that is as robust as financial reporting.
Everyone in the corporate reporting ecosystem – companies, investors, policymakers and other stakeholders – has a role to play in making this a success. To this end, harmonization and the development of comprehensive standards for sustainability reporting that meet the information needs of stakeholders will be possible.
Sustainability reporting is a well-established tool for transparently communicating a company’s impact, performance and efforts to stakeholders. The importance of sustainability reporting has increased because regulatory compliance has become a key factor.
Reporting is also a useful management tool for determining the status quo of one’s sustainability performance, and we recommend that companies consider the increasingly stringent regulatory requirements when making their long-term decisions.
EURO-FUNDING, EXPERTS IN SUSTAINABILITY REPORTING
At Euro-Funding we are experts in selecting the focus of your sustainability report. We take care of creating the structure, calculating the indicators and drafting the report to ensure that legal obligations are met.
INTERNAL
EXTERNAL
Our experts support you with professional advice in preparing a sustainability report in accordance with the relevant guidelines by understanding the current and proposed reporting standards at both network and territory level.
We prepare reports that comply with current reporting standards (e.g. NFRD, GRI Universal Standards and upcoming ones (e.g. CSRD and the respective ESRS – European Sustainability Reporting Standards).
Our goal is not only to provide you with a customized and standard-compliant report, but also to take care of creating the structure, calculating the indicators and drafting the report to ensure compliance with legal obligations.
In order to elaborate and detail a sustainability report, it is necessary to follow a series of guidelines to carry it out:
From Euro-Funding we collaborate in obtaining these grants aimed at promoting the eco-design of new products, improving waste management, and promoting digitisation in our country. These grants aim to promote major initiatives that favour the transformation of the Spanish economy towards a circular production model that is more sustainable, efficient
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The energy audit is an in-depth study of a building with the aim of revealing a number of energy saving and efficiency opportunities for the company. Ampliar información Environmental Aids Carbon footprint Life cycle analysis Energy audit Circular Economy Grants Environmental risk Management systems Sustainability Report Sustainability Plan ESG advice
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