{"id":3786,"date":"2023-05-03T12:25:33","date_gmt":"2023-05-03T12:25:33","guid":{"rendered":"https:\/\/transform8.de\/how-to-produce-a-good-esg-sustainability-report\/"},"modified":"2024-05-23T12:09:26","modified_gmt":"2024-05-23T12:09:26","slug":"how-to-produce-a-good-esg-sustainability-report","status":"publish","type":"post","link":"https:\/\/hz.digital\/en\/how-to-produce-a-good-esg-sustainability-report\/","title":{"rendered":"How to produce a good ESG sustainability report"},"content":{"rendered":"[vc_row type=&#8221;full_width_content&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; equal_height=&#8221;yes&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_image=&#8221;5226&#8243; bg_position=&#8221;center center&#8221; background_image_loading=&#8221;default&#8221; bg_repeat=&#8221;no-repeat&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;12%&#8221; 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text_align=&#8221;left&#8221; row_position=&#8221;default&#8221; row_position_tablet=&#8221;inherit&#8221; row_position_phone=&#8221;inherit&#8221; overflow=&#8221;visible&#8221; pointer_events=&#8221;all&#8221;][vc_column_inner column_padding=&#8221;padding-1-percent&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; advanced_gradient_angle=&#8221;0&#8243; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; gradient_type=&#8221;default&#8221;][vc_column_text]\n<section class=\"elementor-section elementor-top-section elementor-element elementor-element-afe9aeb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"afe9aeb\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a0d86e2\" data-id=\"a0d86e2\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-element elementor-element-078ea4a elementor-widget elementor-widget-heading\" data-id=\"078ea4a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<h3 class=\"elementor-heading-title elementor-size-default\"><span class=\"TextRun SCXW238383147 BCX8\" lang=\"DE-DE\" xml:lang=\"DE-DE\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW238383147 BCX8\">How to produce a good ESG sustainability report<\/span><\/span><\/h3>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b14ac9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b14ac9\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-418bf015\" data-id=\"418bf015\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-widget-container\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n[\/vc_column_text][vc_column_text]<strong><span class=\"TextRun SCXW161064614 BCX8\" lang=\"DE-DE\" xml:lang=\"DE-DE\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW161064614 BCX8\">T<\/span><span class=\"NormalTextRun SCXW161064614 BCX8\">he<\/span> <span class=\"NormalTextRun SCXW161064614 BCX8\">introduction of the new ESG guidelines<\/span> <span class=\"NormalTextRun SCXW161064614 BCX8\">changed the reporting requirements for many companies.<\/span>I<span class=\"NormalTextRun SCXW161064614 BCX8\">n our last webinar, we explain<\/span> <span class=\"NormalTextRun SCXW161064614 BCX8\">how you can prepare a good ESG sustainability report and what you need to consider.<\/span><span class=\"NormalTextRun SCXW161064614 BCX8\">We have summarized the most important content for you below.<\/span> <\/span> <\/strong><\/p>\n<p><span data-contrast=\"none\">An increasing number of companies recognize the need to address the impact of ongoing climate change on the environment and society. In response to this, the &#8220;Corporate Sustainability Reporting Directive&#8221; (CSRD) was introduced in early 2023. This new guideline aims to ensure that information on sustainability is as important as financial information, thus encouraging sustainable business practices. <\/span><\/p>\n<p><span data-contrast=\"none\">However, there are many aspects to consider in this matter, which is why we, as H&amp;Z.digital GmbH, in collaboration with our partner, Magnolia Consulting GmbH, and Board, hosted a webinar on the topic of ESG reporting. At the webinar, we explained the key fundamentals from a professional perspective and demonstrated hands-on how to create an ESG-compliant sustainability report using Board&#8217;s intelligent planning solution. In case you missed it, or would like to delve deeper into the topic, we have summarized all the key stages of the webinar for you: <\/span><\/p>\n<p><b><span data-contrast=\"none\">1. Who is affected by the new ESG Directive and from when? <\/span><\/b><\/p>\n<p><span data-contrast=\"auto\">All publicly traded companies and those that meet two of the following three criteria: <\/span><\/p>\n<ul>\n<li data-leveltext=\"-\" data-font=\"HK Grotesk\" data-listid=\"2\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Sales revenue &gt; 40 million \u20ac<\/span><\/li>\n<li data-leveltext=\"-\" data-font=\"HK Grotesk\" data-listid=\"2\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Balance sheet total &gt; 20 million \u20ac<\/span><\/li>\n<li data-leveltext=\"-\" data-font=\"HK Grotesk\" data-listid=\"2\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Employees (\u00d8) &gt; 250 <\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Companies that were already subject to the NFRD reporting obligation must implement the new ESG directive from 2024, newly affected large companies from 2025, and publicly traded SMEs from 2026 with adjusted standards. <\/span><\/p>\n<p><b><span data-contrast=\"none\">2. What has to be reported according to ESRS?<\/span><\/b><\/p>\n<p><span data-contrast=\"none\">ESRS stands for European Sustainability Reporting Standard<\/span> <span data-contrast=\"none\">und umfasst viele Bereiche, die innerhalb der Berichterstattungspflicht mit aufgenommen werden m\u00fcssen. A distinction is made between non-sector-specific topics, such as company data on air pollution, and sector-specific topics, which are published later. In addition, there are company-specific topics on reporting obligations, as well as SME standards. <\/span>[\/vc_column_text][vc_column_text][\/vc_column_text][vc_column_text][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/2&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]\n<section class=\"elementor-section elementor-top-section elementor-element elementor-element-afe9aeb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"afe9aeb\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a0d86e2\" data-id=\"a0d86e2\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-element elementor-element-078ea4a elementor-widget elementor-widget-heading\" data-id=\"078ea4a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<p>&nbsp;<\/p>\n<p><strong>3 What are hurdles? <\/strong><\/p>\n<p class=\"elementor-heading-title elementor-size-default\"><span data-contrast=\"none\">The new ESG guidelines will initially require companies to invest time and money, as each company will have to determine individual sustainability indicators in addition to evaluating a lot of new data. Therefore, investments should be made in a suitable data system to make the process of data integration as well as the data preparation of the new KPIs, key figures and data more efficient and easier. In addition, this sensitive information should be securely protected, e.g. by a security system through a suitable tool.<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b14ac9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b14ac9\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-418bf015\" data-id=\"418bf015\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-element elementor-element-ba77417 elementor-widget elementor-widget-text-editor\" data-id=\"ba77417\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p><span data-ccp-props=\"{\"><strong>4.<\/strong> <\/span><b><span data-contrast=\"none\">What requirements should a tool for CSRD and ESRD fulfill?<\/span><\/b><\/p>\n<p><span data-contrast=\"none\">As ESG reporting refers to a company&#8217;s reporting on its ESG performance, the tool should meet certain requirements in order to be able to measure it, such as a good data management. Because the tool should be able to process large amounts of data from different sources, but also enable automated workflows. In addition, it should be integrable into already existing systems and adaptable to the needs of the user. Additional requirements include the ability to conduct data analysis and validate it. <\/span><\/p>\n<p><strong>5. <\/strong><b><span data-contrast=\"none\">Board as a solution for sustainability reports <\/span><\/b><\/p>\n<p><span data-contrast=\"none\">With the Tool Board, all of these requirements can be easily implemented, as it enables the user to quickly and easily integrate data and perform real-time data analysis. In addition, reporting and workflows can be automated and data can be securely protected through role systems. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"none\">If you have any questions or comments on the subject of ESG reporting or H&amp;Z.digital in general, please do not hesitate to contact us: <\/span><a href=\"mailto:info@hz.digital\"><span data-contrast=\"none\">info@hz.digital<\/span><\/a><span data-contrast=\"none\">.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; 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