ESG communication with a clear focus
From 2024, many companies are faced with new EU requirements when it comes to registration and reporting on sustainability, management, equal treatment, etc. But the new mandatory ESG reporting does not have to be just a cost. It can also be an asset in the continued story about your company.
Communicating about sustainability, management and equal treatment in companies is not about decorating yourself with feathers in green or other colors - or about decorating yourself at all.
It is about conveying the company's values and concrete goals based on these values - and what you do to execute accordingly. It's about honesty, fairness and credibility - and results.
It is not new that companies communicate – of their free will – their efforts to be sustainable, environmentally conscious and CO2-friendly. It is also not new that companies like to communicate which values they navigate by when it comes to management, equal treatment, etc.
The new thing is that it is now mandatory to register and report how the company executes on these parameters. Starting from January 2024, according to the EU directive CSRD (EU Corporate Sustainability Reporting Directive) all larger listed companies must register and report in relation to the standards described in the ESRS - European Sustainability Reporting Standards. In total, the ESRS includes no fewer than 80 information requirements and 800 data points.
In short, many companies in the future will have to prepare to act in a structured and organized manner about their goals and activities within three main areas, which are often simply called ESG:
Environmental: activities regarding climate change, water and sea resources, resource use in general, circular economy, pollution, biodiversity and ecosystems.
Social: Equal treatment, diversity, working conditions and human rights.
Governance: Management relationships, internal control and risk management, business ethics, combating corruption, whistleblower schemes, animal welfare, political influence, etc.
Also relevant for subcontractors
Initially – in 2024 – the new EU regulations only apply to listed companies with +500 employees. But as there are almost 50,000 companies of this seize in Europe, and the large companies will want to ensure that their values and standards in relation to work with ESG also apply to their sub-suppliers down the supply chain, the requirements will also affect the vast number of companies working as subcontractors.
Get in touch
In Kontekst Kommunikation, we help identify your company's ESG identity and core story - in collaboration with key people in the company and possibly also with external partners such as accountants, affiliated climate consultants and others.
You are always welcome to contact us for an initial dialogue about the possibilities. You can also try the checklist below to get a more precise sense of how clear and focused your company is at the moment when it comes to ESG communication.
Contact one of the partners in Kontekst for mere information:
Marie-Louise Arnfast: tlf. 40 56 34 36, mla@kontekstkommunikation.dk
Nana Balle: tlf. 22 95 14 05, nab@kontekstkommunikation.dk
Michael Kirkeby: tlf. 26 72 20 24, mki@kontekstkommunikation.dk