As Europe accelerates its measures under the Green Deal, a growing number of companies and organizations will be confronted with new regulations aimed at ensuring the transparency of information concerning their environmental, social, and governance impact (ESG).
According to the draft Corporate Sustainability Reporting Directive (Corporate Sustainability Reporting Directive, CSRD) that has been approved by EU Member States and will now be put to vote in the European Parliament, the reporting obligation will be gradually imposed on successive groups of organisations:
The reporting standards, which are currently in the consultation phase, will be a major challenge for all enterprises they apply to: both the number of disclosed indicators and the requirements for their quality will be set at a very high level.
Pressure on organisations to operate in accordance with sustainability principles will also increase on the part of their business partners who are subject to similar reporting obligations and financial institutions required to disclose the percentage of their investments compliant with the EU green taxonomy.
It will therefore be crucial to identify and quantify relevant information and data, both within the organisation and at its contractors and selected stakeholders. Collecting and analysing it is time-consuming, and many organisations and institutions already require reporting some ESG-related information, such as the carbon footprint. The data presented should be accurate and reliable.
All this makes integrating ESG issues into strategy and operating plans as well as reorganising business processes to align them with sustainability principles in the near future a must for a large group of enterprises. Diagnosing an organisation’s current status and setting it on a path it will pursue in the coming years and decades will determine its market position.
How can we help?
We offer comprehensive support in preparing the organisation to operate in the new reality. Our offer ranges from helping with the initial diagnosis (which regulations will affect your company and how), through proactively integrating sustainability aspects into your company’s strategy and business processes, to supporting you in building a solid transparent ESG report that complies with CSRD requirements. Moreover, in addition to the undoubtedly important legal compliance, thanks to our ongoing collaboration with engineers experienced in corporate energy transformation we will also provide a viable plan for gradually transforming your organisation into a fully environmentally sustainable entity.
ADJUSTMENT TO REGULATIONS
A dedicated knowledge compendium/ workshops
We present all ESG requirements your organisation is or will be subject to.
CRIDO’s diagnosis includes:
Diagnosing regulatory compliance: study and report
We diagnose your organisation’s current compliance with ESG requirements (gap analysis) in 3 dimensions that constitute the foundation of the future mandatory reporting framework.
Supporting the reporting process
We provide comprehensive reporting support, covering both the EU Green Taxonomy and the data required under the new CSRD.
Analysing energy efficiency and carbon footprint
The starting point for any company’s transformation needs be a comprehensive diagnosis of its current status. Before drafting an ESG strategy and action plans, we conduct an analysis of your company’s individual processes in terms of energy consumption and carbon footprint to present opportunities for improvement.
Corporate transformation strategy
For many of our Clients, the next step after conducting analyses related to ESG requirements, energy efficiency, and carbon footprint is to devise a transformation strategy. The scope of the project, involving owners, management, employees, and other stakeholders, includes:
Project management and proposing specific solutions
We provide project management for implementing the transformation strategy.
Using ESG-related banking products
With our high performance standards in ESG areas, in the course of our projects we identify opportunities to obtain more favourable corporate financing terms, in the form of both refinancing existing debt and obtaining new debt on more attractive terms.
Our offer encompasses:
Your message has been sent.