Sustainability reporting (ESG)
Our service offering includes comprehensive advice in ESG implementation and reporting.
ESG, in simple words, means managing a company in a socially responsible way, ensuring sustainable development through implementing rules, regulations and long-term goals set for the environment (E), social affairs (S) and organizational governance (G).
ESG factors are becoming increasingly important in companies and investment evaluation, and stakeholders are placing more emphasis on companies' attitudes towards environmental, social and governance issues. They also have a real impact on business, as they often become a criterion based on which investors and customers make their decisions, and financial institutions provide financing. Therefore, stakeholders expect consistent and reliable data by which they will be able to assess the company in terms of ESG.
There is no doubt that sustainable operations can be an opportunity for an enterprise and bring specific benefits, such as easier access to more favorable financing, real savings through effective management of ESG areas and an increase in revenues, e.g. through appropriate management of customer relationships.
Partner
Statutory Auditor
Partner
ACCA
Defining important areas, implementing an appropriate strategy in the ESG area, defining key indicators and methods of monitoring the implementation of a specific strategy, allocating roles and responsibilities to management and staff, adapting processes and collecting reliable and complete data regarding ESG impact - these are just some of the tasks that should be considered when implementing ESG in organization.
Additional task will concern implementation of non-financial reporting processes, which will apply to an increasing number of entities after CSRD (Corporate Sustainability Reporting Directive) was enforced. A properly prepared report on non-financial information should transparently and completely present the impact of the company's activities on the environment, social issues and compliance with the principles of organizational governance.
The implementation of the regulatory package covering sustainable development imposed new obligations on market participants and enterprises regarding the disclosure of non-financial information in ESG areas that will affect the operating model and results of a given business.
As part of our consulting activities, we provide substantive support in implementing ESG-related strategies and processes. As an independent auditor, we are ready to provide non-financial information verification services in order to provide you with comprehensive services as an auditor of non-financial information.
Nexia Pro Audit was once again recognized in the ‘Pro Bono activity’ category in 2023
