ESG Reports and Sustainability Reports: What They Are, Why They Are Important, and What You Need to Know
At a time when sustainability and ethical business practices are becoming increasingly important, environmental, social, and corporate governance (ESG) reports and sustainability reports have become indispensable tools. These reports provide insight into how organizations deal with environmental (Environment), social (Social), and governance (Governance) issues, collectively known as ESG criteria. Let's take a closer look at what these reports are, their importance and the essential elements you need to know.
For whom.
A number of years have already started with companies with a public interest and more than 500 employees. These include banks, insurers and listed companies.
In the coming years, however, more and more companies and therefore sectors will be added to this.
Companies that 2024/2025 must also begin to meet this are those that meet the following 2 of the 3 following criteria:
- More than 250 employees
- Over 40 Million in Sales
- More than 20 million on the balance sheet.
However, companies that do not have to meet these requirements directly are increasingly encouraged to implement these CSRD principles in their operations and to communicate their performance in this area. This can help companies improve their reputation, attract customers and convince investors.
Being prepared for the future
Integrating ESG principles into business strategies is no longer an option, but a necessity. With a digital management system such as ISO2HANDLE, companies can not only comply with current and future regulations, but also take a leading role in sustainability. The use of such advanced systems allows companies to not only report on their sustainability efforts, but also integrate them into every aspect of their operations. This leads to improved business performance, a strong reputation and a positive impact on society and the environment.
