Mastering ESG with BIC - The Complete Guide to ESG Management and CSRD Compliance

Excerpt

1. Understanding ESG and CSRD
   ESG is a set of criteria used to evaluate a company’s operations and long-term sustainability. Instead of focusing on financial metrics alone, shareholders and Stakeholders, including investors, regulators, and customers, can use these criteria to assess a company's ethical and environmental impact as well as operational performance. The three constituents of ESG are…
    
2. Practical guide to effective ESG management
   Given the significance of the new EU-directive and its tight timeline, companies of all sizes should start preparing to implement it sooner rather than later. To create a CSRD-compliant report, you will need to go through the following steps…
    
3. CSRD-compliant reporting
   The CSRD and ESRS are naturally connected. While the directive sets clear requirements and obligations for reporting on ESG-related topics, the reporting standards provide the framework and methodology to meet those requirements. Under the new law, businesses are required to disclose information in the following areas…
    
4. Structure and key components of your report
   To create a clear and strong sustainability statement, prioritize and rank ESG topics based on their strategic importance to your business and stakeholders. According to the ESRS, a sustainability statement consists of four parts, listed in this order…
    
5. Leveraging technology for ESG management & reporting
    Managing and reporting on sustainability is a significant business task that demands considerable effort and coordination. Companies, regulators, standard setters, and auditors will have to invest substantial resources to prepare for the implementation of the new EU directive – in a short timeframe. However,…
    

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