Sustainability reporting – CSR Bootiq

Our sustainability consultants have both internationally recognised sustainability reporting certifications and significant experience in the field, gained while working along companies operating in sectors such as retail, manufacturing, energy, technology, pharma, transportation, construction, logistics.

In terms of reporting methodologies used with our clients, these include the GRI Standards, Sustainable Development Goals (SDGs), CDP, UN Global Compact and internal reporting frameworks. As of 2023, we offer reporting services in accordance with the European Sustainability Reporting Standards (ESRS).

For a sustainability report to meet the requirements of the GRI Standards and be externally assured, the document must include accurate data and information, in line with the sustainability context, comparable and verifiable, aligned with the business strategy, policies and procedures applicable both internally and across the company’s value chain.

The interest of different stakeholder in sustainability impacts is growing. Therefore, proper assessment and transparency is the best option for companies that want to respond to such expectations. A sustainability reporting process is not only a legal obligation for certain companies, but also a useful exercise for suppliers offering products or services to companies that are subject to such legislation.

Relevant legislation

Sustainability reporting is now regulated by a European directive known as CSR-D, adopted by the European Parliament and the European Council at the end of 2022. Under this Directive, the entities covered are:

The GRI Standards and sustainability reporting

Reporting is a complex process, closely linked to business strategy and risk management. To enable investors, public authorities and civil society to make meaningful comparisons between various companies and their performance, the Global Reporting Initiative (GRI) has developed the GRI Standards.

As of 1 January 2023, the GRI Standards in use are GRI1:2021, GRI2:2021 and GRI3:2021.

How can we help?

For a sustainability report to be in accordance with the GRI and/or the European Sustainability Reporting Standards (ESRS) and to be externally assured, the document must include accurate data and information, anchored in the sustainability context, comparable and verifiable, aligned with the strategy, policies and procedures applicable both within the company and across its value chain.

The sustainability reporting process is annual, and fully aligned with the financial reporting. The main areas where we can support you are:

• assistance in formulating the terms of reference for the procurement of specialised consultancy services, available only if we are not involved in the reporting process or
• identifying significant impacts;
• materiality analysis (double materiality);
• formulation of strategic sustainability objectives and identification of relevant indicators;
• dialogue with stakeholders (employees, investors, authorities, suppliers/distributors, NGOs, experts, partner companies or sub-contractors);
• analysis of risks and opportunities and identification of relevant issues resulting from the stakeholder dialogue;
• drafting the report;
• external assurance (mandatory service for companies reporting under CSR-D), available only if we are not involved in the reporting process;
• training modules for staff involved in the reporting process (courses, workshops);
• assessment of the readiness of the company to prepare the first report meeting the new legal requirements.