CSRD and ESG Reporting: Your First Report
November 14, 2023
How to start?
Conduct an internal audit identifying key ESG aspects of your company’s operations!
The first step is to carry out an audit to understand the impact of the company on the environment and society. Examples of areas to audit include energy consumption (e.g., lighting, computer equipment), gender equality and diversity policy (e.g., training programs, recruitment policy), and employment practices (e.g., working conditions, wages). These may also be areas specific to the activity. For example:
- A breeding company can significantly affect the natural environment and water consumption.
- An agricultural producer may affect ecosystems by using fertilizers.
- An IT company may focus on its practices related to the protection of personal data and cybersecurity.
- A manufacturing company may analyze its processes in the context of greenhouse gas emissions and the use of natural resources.
The conclusions from the audit will help determine which ESG areas are key to the given enterprise.
Set goals
Based on the audit results, SMEs can set specific ESG goals. Action examples include reducing energy consumption through the installation of energy-saving bulbs, implementing diversity and inclusion policies, such as creating project teams diverse in terms of gender, age, experience, and fair management practices, such as transparent communication with employees and fair working conditions. It is important that the goals are realistic and tailored to the specifics and capabilities of the company.
Integrate ESG with everyday routines
With set goals, SMEs can now integrate ESG practices into their daily business operations. Small companies can start with simple actions. Examples include choosing eco-friendly materials in the production process, implementing ethical marketing principles, such as avoiding misleading advertisements, and adopting sustainable purchasing policies by choosing suppliers with ecological certifications.
Manage the everyday routines
Managing ESG in a small company requires the involvement of all employees. Training staff in ESG, regular team meetings on ESG goals progress, and incorporating these goals into the performance evaluation system are examples of how to achieve this. Support yourself with tools. Available resources for SMEs include online tools for tracking and reporting ESG, training in best ESG practices, and specialist advice. Examples are platforms for monitoring energy consumption, a webinar on implementing diversity and inclusion policies, or consultations with sustainable development experts.
Rome wasn’t built in a day
Initiating ESG efforts is a crucial step for small and medium-sized enterprises (SMEs), opening doors to sustainable development and a stronger market position.
Our company focuses on providing a tool for efficient ESG management, designed to support firms at every stage of their ESG journey. It offers an intuitive interface, accessible analyses, and customization options to fit your company’s unique needs.
Additionally, we understand that external support may be necessary at times, and we can recommend trusted partners and sustainability experts to provide specialized services and advice.
Investing in ESG is an investment in your company’s future, and our tool empowers you to manage ESG practices effectively for business development and a better future.