The non-financial performance of organizations is increasingly important, particularly in the environmental, social and governance dimensions (Environmental, Social and Governance (ESG)). The preparation of sustainability reports helps organizations identify and manage risks and opportunities, respond to the expectations of stakeholders, and comply with increasingly relevant regulatory requirements.
Um 2022, a European Commission published the Directive 2022/2464, concerning the communication of information on the sustainability of companies, known as Corporate Sustainability Reporting Directive (CSRD), CSRD.
The sustainability report of the organizations covered by the CSRD It must be carried out in accordance with the standards developed by European Financial Reporting Advisory Group (EFRAG): as European Sustainability Reporting Standards (ESRS).
A CONSULT, while a signatory of Charter of Principles and of Journey 2030 do BCSD, Business Council for Sustainable Development, He has long been tackling these issues. ESG as relevant, incorporating them into the objectives and initiatives of their different areas.
In meeting the regulatory requirements described, and because it is part of the value chain of organizations covered by CSRD, a CONSULT he intends to follow the guidelines of ESRS in the preparation of their sustainability reports.
Small and medium-sized enterprises (SMEs) will have the option to use separate and proportional standards proposed by EFRAG. To this end, two exposure drafts were issued: the Voluntary ESRS for non-listed small and medium-sized enterprises (VSME ESRS) and the ESRS for listed small and medium-sized enterprises (ESRS LSME).
Although the CONSULT it is not yet directly covered by the obligations of the CSRD, has adopted, in the structure of the sustainability performance report of 2023, The requirements of the basic module VSME ESRS. This option allows the organization to be progressively prepared for more demanding reporting levels, with greater rigor and consistency.
In parallel, work is underway on the report of 2024, including the analysis of dual materiality of CONSULT, a process A demanding tool that allows identifying the most relevant sustainability topics for the organization and its stakeholders.
The materiality process allows identifying the relevance of non-financial topics for stakeholders and the business. It results from the survey, listening, and cross-checking of external facts and perceptions, collected through direct and indirect sources, regarding social, environmental, and economic topics.
This process identifies and prioritizes material issues that can influence, or be influenced by, the different stakeholders in the short, medium, and long term. This analysis forms the basis for determining the material information to be disclosed in the sustainability report.
The dual materiality considers two complementary dimensions:
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Materiality of impact: material impacts, real or potential, positive or negative, of CONSULT about people or the environment, in the short, medium and long term.
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Financial materiality: significant positive or negative financial effects that may be triggered, or that it is reasonable to expect that they will be triggered, by sustainability issues.
This path allows the CONSULT evolve in a gradual but structured way in its sustainability reporting. Rather than responding to a formal obligation, the goal is to strengthen the ability to measure, manage, and communicate environmental, social, and governance performance with rigor, transparency, and utility for internal management and for stakeholders.