ESG & Integrated Reporting
ESG & Integrated Reporting is more than a buzzword; it's a priority for every CFO. But how do you future-proof your approach? And how can you turn sustainability into strategic advantage?
What is ESG & Integrated Reporting?
ESG & Integrated Reporting goes beyond sustainability reports. It combines financial and non-financial data, with a focus on environment, social policy and governance. This provides a complete and transparent picture of your organization. It is not only important for social responsibility and shareholder value, but is increasingly becoming a must-have for stakeholders such as investors and government.
Why is ESG & Integrated Reporting important?
The world of ESG Reporting is in flux; legislation and international standards are constantly evolving. Yet finance professionals can take timely action. For example, the Corporate Sustainability Reporting Directive (CSRD) not only imposes a duty on companies to report on their sustainability performance, it also requires auditor approval on these reports. Our partner Intire offers an EU Regulation Scan for quick insight into the impact of future legislation.
What technology do you need?
During the reporting process, collected data are enriched with explanations and merged with financial reports - hence the term "integrated reporting. Specific 'disclosure management' tools are deployed for this purpose. Standard solutions or starter packages are often available that contain the appropriate content. Commonly used technologies are:
- CCH Tagetik
- OneStream
- Fluence Technologies
- Oracle
ESG & Integrated Reporting in a broader perspective
This topic is only one facet of Statutory & Regulatory Reporting. Other important topics include Financial Consolidation, Lease Accounting and Tax Accounting & Reporting. Together they provide organizations with the tools they need for their reporting requirements.
