A sustainable and responsible business is a future success story
The EU's Corporate Sustainability Reporting Directive (CSRD) will require all companies with more than 250 employees and all listed companies to report on sustainability in line with the new EU sustainability reporting standard from 2023. Sustainability reporting is also referred to as ESG (Environmental, social, governance) reporting. The EU taxonomy also sets increasingly strong targets for promoting responsible business.
For large companies, sustainability reporting is already commonplace but for smaller operators, sustainability reporting is still in many places a new concept, yet sustainability reporting and carbon footprint measurement are fully achievable for small companies and there are also tools available to promote sustainability. support and assistance.
SMEs also need to develop their responsibility at least as much as large companies in the supply chain, requiring them to report more narrowly on their responsibility.
A sustainability report or a smaller-scale sustainability plan is concrete proof to customers, partners and financiers that the company is committed to the principles of responsible business.
Both the sustainability measures and the carbon footprint report provide a strategic direction for business towards sustainability.
The responsibility report contributes to:
Supports the company's strategy
Process-based monitoring of energy consumption and emissions
Preparing for unexpected expenditure
Satisfied and motivated customers, employees and stakeholders
Increase the interest of responsible investors and partners
Prepare for future law changes
An open and developing company also attracts investors and helps with project financing and internationalisation.
The idea of openness and transparency is an integral part of responsibility. In a responsible company, all parties are committed to maintaining and developing the company and its environment, with the most significant responsibility naturally resting with the company's management and board.
A responsibility plan is concrete proof to banks, investors, customers and employees that a company is committed to the future.
Corporate responsibility is a path, not a destination
Sustainability reporting starts with a material impact assessment to identify the most significant environmental, economic and socio-cultural areas that the company affects. These most relevant or significant impacts are at the heart of all sustainability reporting and are based on the UN Sustainable Development Goals.
These will be used to define objectives and measures that will contribute to the growth and development of the company's sustainable business. As part of sustainability reporting, a company can calculate its own carbon footprint or apply for an environmental certification scheme, in which case its responsible activities are audited by an external auditor and the company receives a formal accredited certificate.
Responsible business is fundamentally based on a new paradigm in which the business profit of a company is built on responsible business practices. Thus, development is continuous and permanent, and it is better to talk about a path of sustainability, where needs and changes constantly evolve into new needs and changes.
Sustainability reporting is based on GRI reporting standards and requires a quantitative format. For smaller companies that are not covered by sustainability reporting, sustainability can mean developing a sustainability plan and rolling it into the overall company strategy.
Our expert services include:
- Preparing an accountability plan
- Setting targets and indicators
- Calculating your carbon footprint
- Applying for environmental certification
The carbon footprint of a company
Create a competitive advantage and calculate the carbon footprint of your company or individual product
We will calculate the carbon footprint of your product or your company using different methods depending on your company's sector and whether you are calculating the carbon footprint of your product or your company (report). The base standard is either the GHG Protocol way of calculating GHG emissions (direct scope 1 and indirect scope 2 and 3 emissions) or the ISO 14064 standard for product calculations.
It is speculated that calculating the carbon footprint of a product will become as common as size information or care instructions on the product. So be ahead of the curve and calculate the carbon footprint of your product now to create a competitive advantage for your business.
Calculating your carbon footprint is worth starting today. Calculate the carbon footprint for a single product or for your entire product portfolio.
Why is it worth calculating your company's carbon footprint?
Without knowing where to start, it is also difficult to set targets or measures.
The carbon footprint is calculated for the selected baseline year, which is used to calculate emissions for both direct (scope 1) and indirect (scope 2 and 3) emissions.
The report, which provides clear conclusions, supports and builds on the energy certificate, but is much more accurate and calculates the emissions from energy, heating and water used according to the emission factors in force. The carbon footprint report calculated by Polarfox also takes into account scope 3 emissions such as waste management, procurement, logistics and project emissions.
Once a company's carbon footprint has been calculated, it is aligned with the rest of the company's strategy. A carbon footprint or emissions report allows a company to be a leader and to tie all decision-making more strongly to minimising emissions and responsible business practices.
Responsible companies also attract responsible employees and customers.
At best, a company with an excellent carbon footprint can use it in a variety of ways in its marketing and sales.
Companies with a carbon footprint, including a sustainability report, have a strong grip and vision for the future, and also the opportunity for better bank finance and sustainable development projects to be financed.
The carbon footprint report adds up the totality of the individual aspects of the company and provides clear conclusions on the use of different energy sources and alternatives, both in terms of emissions and energy savings.
Energy solutions can typically reduce the carbon footprint, which also reduces the cost of using a company's buildings. A typical example of this is the provision of charging points for electric cars in the workplace yard.
