Sustainability Reporting Guidelines
Questions to answer in preperation of upcoming regulations
Why to create a report on sustainability?
If you absolved our Sustainability in Practice management course or follow the regulatory developments in line with the European Green Deal, you may have noticed the increased importance given to non-financial reporting.
Therefore, together with our strategic partner Centre For Sustainablity And Excellence (CSE), we have developed Sustainability Reporting Guidelines specific to the yachting sector. These guidelines will prepare you with the questions relevant to our industry, will help you to understand where you stand in the preparation for official reporting, and will be a practical tool to help to focus on the relevant topics.
Even if currently required only for larger companies, the target group is being widened. Furthermore, addressing non-financial reporting is beneficial for your company’s sustainability endeavours and for engagement with your stakeholders.
Elaborating on three contexts
The Sustainability Reporting Guidelines inform you which information and data on your organisation to collect to get an overview of your current sustainability performance. This could result in an internal sustainability report, to begin with,and will also help you understand which of this information will be mandatory to disclose publicly for EU-based companies with >250 employees shortly.
Currently, this is stipulated in Directive 2014/95/EU (NFRD), demanding the publication of information concerning: environmental matters, social matters and treatment of employees, respect for human rights, anti-corruption and bribery, and diversity on company boards
Based on these themes we created three contexts with questions you can answer to prepare yourself.