The details and content included in the sustainability report may vary according to the specific needs of the company.
However, 3 areas are to be analyzed when preparing a sustainability report: Governance, Environmental and Social.
Governance
Corporate governance refers to the structure and decision-making processes within the company.
In a sustainability report, the area of governance may include:
- Structure and leadership: Description of Governance structure and strategy for sustainable development in the short, medium and long term.
- Policy Commitment-how the company executes its commitment to responsible business conduct in the areas of due diligence, human rights and corporate welfare, whistleblowing, conflict of interest, data protection and retention, management compensation, and compliance with laws and regulations.
Risk management: how the company identifies and manages business risks, including financial, operational, legal and reputational risks.
How it communicates critical issues and remediates any negative impacts. - Stakeholder approach and involvement.
- Value chain: ways of selecting suppliers based on social and environmental criteria.
Environment
Environmental sustainability concerns the impact of the company’s activities on the environment but also the impact of climate change on the business and the mitigation and adaptation measures the company intends to consider.
They will therefore be accounted for:
- Energy consumption, calculation of CO2 emissions (Scope 1, 2 and 3) and reduction plan;
- Material consumption, percentage of certified and recycled materials, reduction plan;
- Water consumption and reduction plan;
- Waste generation and reduction plan;
- Biodiversity: any significant impacts and their management
Social
Social sustainability focuses on the impacts of the company’s activities on employees and the surrounding community.
The company will then have to report in the area of:
- Employee relationship management: presence of effective and timely communication tools.
- Health and Safety Management;
- Training and education;
- Diversity and equal opportunity; nondiscrimination;
- Community relations: Interaction and collaboration with local communities affected by the company’s activities, including corporate social responsibility programs and community development initiatives.
- Diversity and Inclusion: Promotion of diversity and inclusion within the company, including programs to encourage the participation and advancement of minorities and the disadvantaged.
Good practices in each area will be highlighted.
It is important to know that Capifid does not just prepare the sustainability report, but acts as a consultant who can point out possible new solutions and help implement them.
This is possible because of the long experience gained over the years in a variety of areas.
