Sustainability reporting
The foundation of business is changing rapidly, creating new risks and new opportunities.
The stakes are rising for you to provide transparent and reliable information on your strategy and risk performance. Stakeholders expect a clear picture of where you are and where you are heading, and an approach grounded in stakeholder expectations will increase trust as you execute your ESG strategy. We can help companies integrate ESG data within their business and provide transparency on sustainable performance and value.
Insights
Please find our collection of insights on reporting below.
European Sustainability Reporting Standards: Unpacking the Commission’s first draft Delegated Act
In this article, we unpack the main changes proposed by the Commission compared to the version prepared by EFRAG, and highlight what this means for reporting companies.
Are your systems ready for ESG reporting?
Whether your company has held its head high about its green credentials, or kept it in the sand, sustainability is now a standard requirement for business. Pressure for better accountability is growing from four important directions: consumers are rejecting unsustainable brands, so business stakeholders are regarding Purpose as a priority, while emerging talent is choosing employers with congruent values, and governments increasingly expect business to play its part in meeting the Paris Agreement climate change targets.
Setting the standard
The Corporate Sustainability Reporting Directive (CSRD) is EU legislation intended to improve the quality of disclosure on corporate non-financial information to accelerate the transition to a sustainable economy by 2050, and combat greenwashing, by ensuring sustainability data are comparable, relevant and reliable. This will benefit all stakeholders.
The greenwash gambit
It has been hard to miss the recent, high-profile instances of companies exaggerating their green credentials to boost their public image – so called ‘greenwashing’. Of the most recent examples, statements around plastic-free packaging from some heavy polluters in the FMCG space are perhaps the most well known. But many will also have experienced the glossy reports with pictures of smiling children surrounded by nature that told the world how well the company was doing on sustainability, when the reality is proven different.
The Corporate Sustainability Reporting Directive – Latest insights
On 21 April 2021, the European Commission (EC) adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), replacing the EU’s Non-Financial Reporting Directive (NFRD). The CSRD covers all relevant environmental, social and governance (ESG) elements, and aims to increase investments in truly sustainable activities across the European Union. Three-way discussions between the European Parliament, the European Council and the EC finalised the text, which was published on 21 June 2022. In this article, we discuss the most notable changes.
ESG reporting voor verzekeraars
De vraag vanuit de samenleving om verduurzaming van de private sector neemt toe. Daarmee groeit ook de behoefte aan een nieuwe set van standaarden om ESG gerelateerde indicatoren te meten. In dit artikel bespreken we de belangrijkste standaarden en initiatieven voor ESG-rapportages die van toepassing zijn op verzekeraars: SFDR, NFRD, CSRD en de EU-taxonomie.
Zeroing in on ESG performance
As businesses strive for effective ESG strategies by 2050, financial controllers and CFOs are perfectly placed to enhance their companies’ transparency of ESG performance, by enhancing financial reporting frameworks. Deloitte’s ESG Strategy Wheel points the way: setting up for success, establishing boundaries, aligning goals and handling governance.
Three reasons to keep focusing on environmental, social and governance factors
The COVID-19 crisis is changing priorities within organisations. Banks should, however, continue investing in measures across the ESG space, even if regulatory measures on ESG risk reporting are postponed. One important reason: value-based banking, not only benefits society, but also banks.
The importance of ESG Real Estate Data Management
Driven by laws and regulations, ESG strategy and financing requirements, the importance of ESG data management in the real estate industry can no longer be ignored. In order to assure future viability of real estate organisations, effective ESG data management and disclosure is crucial.
A purposeful approach to environmental, social and governance factors
As a responsible purpose-driven organisation, you want to embed ESG factors in the management and assessment of your performance. This enables you to measure your progress and share your purpose journey with your stakeholders. But how do you quantify and measure ESG factors?
Facing Up to Climate Risk
As the world’s climate changes, organizations are facing myriad risks. They are confronted by physical risks, such as those arising from an increase in extreme weather events and rising temperatures, and transition risks that arise from changing regulatory environments, policies, investment decisions and public sentiment. As they are immediate and apparent with real financial impact, both kinds of risk need to be understood and addressed immediately.
ESG in Financial Appraisals
At one end of the spectrum, visibly green businesses will secure finance easily, subject to the usual risk considerations, and at the other, heavily carbonised or ‘black’ industries will find it increasingly difficult to obtain funding at a favourable price. In the grey middle, the field remains open, but with more informed and progressive lenders taking a stance on what passes the ESG acceptability test in the eyes of end consumers and the lender’s investors or depositors.
Let's connect for impact
Andrea Vogel
Consulting | Finance & Performance
Wilbert Pommerel
Partner Risk Advisory | Data & Analytics
Wim Bartels
European Sustainability Senior Partner
Vera Vos-Dekker
Audit Partner
Ymke Roosjen
Senior Manager