The future is now
As domestical and EU-regulated requirements and demands increase, so do the demands on organisations to understand, use and follow up on the ESG frameworks that they are affected by. It is about understanding and being able to report on how the organisation contributes to a more sustainable development.
Till this date, no common classification system or universal ESG criteria have been formulated. This makes the issue complex, time-consuming and challenging for companies to keep all the work together and achieve uniformity. The path to success in keeping the ESG work together requires a support system that helps businesses today to act now for a better tomorrow.
Reporting that is constantly improving
The Annual Accounts Act
According to the Annual Accounts Act (årsredovisningslagen), sustainability reporting is mandatory for companies based on certain fulfilled criteria. For companies affected, a natural first step may be to identify ESG key figures in the business and how they can be integrated into the management of sustainability risks within relevant processes.
Sustainable Finance Disclosure Regulation (SFDR)
SFDR is primarily aimed towards financial stakeholders and aims to steer capital into sustainable financing. The application date for the directive is the 1st of January 2023, but for companies covered by the directive, the reference period will already start applying from 2022.
Corporate Sustainability Reporting Directive (CSRD)
From 2024, significantly more companies within EU will be subject to stricter requirements for their sustainability reporting through the CSRD directive. The purpose of this initiative is to increase quality of reporting and comparability between companies. The work is currently under development and will be based on different regulations such as the EU taxonomy, the GHG protocol, GRI and TCFD.
From data to action
In order to accelerate your ESG work, systematicity and structure are required in the collection of data as well as the ability to get an overview, act and improve processes. Collecting data in a structured way, identifying and reducing risks, and having a clear activity plan, are benefits that Stratsys' tools and solutions provide. The overview and transparency across the entire organisation's processes are vital to work strategically with sustainability management and make a difference - for real.
Our products supporting ESG work
Stratsys' product for Sustainability Management gives you the right tools to for regulatory compliance, identification of the current state within your organisation, as well as helping you create a long term plan and vision on how you can take your sustainability work to the next level.
Begin your journey with Stratsys today!
Would you like find out more about how our solutions can help your business? Let one of our experts set up a demo tailored specifically to your organisation's needs.