Sustainability Tool Kit
Your road map with the key tools and strategies to dominate the ESG universe.
Our software provides everything you need to put sustainability at the heart of your business.
Companies have a big challenge when it comes to ESG and sustainability. We have therefore created this Kit to guide you along the way, providing you with essential knowledge, from the fundamentals of corporate sustainability to advanced strategies.
Here you will find practical resources and tools that will help you implement and improve the sustainable initiatives in your organisation, converting them into key components of your business strategy.
The Fundamentals of Corporate Sustainability
To start this complex journey, full of technical terminology and concepts that can at times be overwhelming, we have collated various resources that will help you establish the fundamentals.
You will have a solid and complete foundation on which to build and expand your sustainability initiatives, ensuring your alignment with the best practices and up to date standards. The first concepts you should establish clarity on are:
ESG Terms – Terms you should know
What is sustainability – going beyond the concept of sustainable development
First Steps in Sustainability
This part is designed to guide you through the first initial steps towards sustainability, providing you with a solid and practical base to start implementing change in your company:
Step 1: Identify the relevant topics for your company through a double materiality analysis
Step 2: Define your objectives taking into account sustainability indicators (KPIs)
Step 3: Check the sustainability standards that are business specific.
Step 4: Create a sustainability plan taking into account what’s previously been mentioned.
Step 5: Measure your ESG data. For this step a a sustainability software could help you facilitate the subsequent ESG report.
Step 6: Develop your sustainability report and communicate clearly your actions.
Company dependant, you should adapt your standards and rules, below we have therefore aggregated the most important.
Sustainability Legislation and Regulations
Legislation changes continuously, therefore the complexity of corporate sustainability is ever increasing. Here you can find the main regulation affecting your company and by following the links you’ll see resources to help you better understand them.
Regulation
Corporate Sustainability Reporting Directive (CSRD)
Scope
European Union
Companies Affected
European companies of a certain size; Non EU companies with significant activity in the EU
How to Comply
Disclose information regarding sustainability matters affecting the company and its impact on the environment and society
Resources
Corporate Sustainability Due Diligence Directive (CSDDD)
European Union
EU companies with more than 250 employees and/or income of around $43 million; non EU companies with significant income from the EU
Carry out due diligence on impacts linked with the environment, human rights operations and the supply chain; publicly reporting efforts and establishing complaint mechanisms
European Taxonomy
European Union
Large companies of public interest, listed SMEs and financial market participants
Classify economic activities as either sustainable or not, according to the EU Taxonomy.
Green Claims Directive
European Union
All companies generating environmental claims on their products and services in the EU market
The claims should be backed by solid and precise scientific evidence, and verified independently.
Sustainable Finance Disclosure Regulation (SFDR)
European Union
Asset managers and financial market participants with more than 500 employees
Disclose sustainability risk policies and the principal adverse impact of their investment decisions on sustainability factors
SEC Climate-Related Disclosures
USA
All companies registered in the SEC
Disclose information related to the climate, including risks and strategies for mitigation.
Beyond regulation, you will also find different standards to those used for sustainability reports. Here you have the most important. Again you can access the resources via the links.
Standard
Covered Entities
Companies bound by the EU CSRD
Materiality
Supply Chain Report
Yes, Required
Assurance
Required by an independent third party
Interoperability
High alignment with ISSB, SASB, TCFD y GRI
Voluntary, unless a jurisdiction makes it mandatory
Focus on financial materiality
Yes, Required
Not required, but open to assurance
Interoperable with other standards, including TCFD and SASB
Any organisation, small or large, public or private
Focus on double materiality
Yes, Required
Not specified
Interoperable with other standards, different focus to ESRS
Voluntary for all organisations
Focus on financial risks and opportunities related with the climate
Yes, focus on climate risks and opportunities
Not required, but recommended
Widely adopted, base for other standards
Whatever company, with specific industry standards
Focus on financial materiality
Not specifically required
Not required, but open to assurance
Interoperable with other standards, especially TCFD
CDP
Voluntary for companies, cities, states and regions
Focus on environmental impact
Not specifically required
Not required, but is submitted for verification
Frequently used with other standards
Beyond Compliance
The objective of each company should be going beyond mere compliance, by applying continuous improvement. For this, we’ve gathered some additional resources that could prove useful on this path.
Understand ESG risks in order to avoid them.
Understand the function of a CSO (Chief Sustainability Officer).
Discover how to take advantage of sustainable finance.
Don’t limit yourself to emission reduction, shoot for Net Zero.
Obtain a successful ESG audit.
Survive the reporting season.
You can polish off your sustainability focused learnings by listening to our ATALKS with experts or learning from companies themselves with our case studies.
You can also speak with one of our experts analysing your individual case and giving you steps towards sustainability in your company.
