Not all companies are yet prepared for comprehensive ESG reporting. Some are waiting and watching the developments of the requirements in which form they must disclose their non-financial issues in the future. This is even though the EU and Switzerland have been defining and publishing corresponding requirements for months:
EU
- Focus on ESG, double materiality (inside-out and outside-in)
- Valid from:
- 1.1.24: companies Non Financial Reporting Directive (NFRD)
- 1.1.25: companies with more than 250 employees
- 1.1.26: Listed SMEs and international groups with turnover > EUR 150 million. Also concerns Swiss groups with subsidiaries in the EU that fulfil this condition.
- The total number of affected companies in Europe is estimated at over 50,000
- Assurance required
- Output: Machine-readable format iXBRL
Switzerland
- Focus on climate, double materiality (inside-out and outside-in)
- Valid from financial year 2023
- The total number of large companies affected is based on the criteria > 500 employees, 20 million total assets or 40 million CHF turnover
- No assurance required
- Output: To be published at least in internationally disseminated formats readable by both humans and machines and on the website, with the machine-readable format to be published from reporting year 2024.
In Switzerland, the new regulation requires a separate sustainability report in addition to the annual report — at a minimum, this is a separate chapter in the annual report. In addition to the content-related topics, this also requires procedural and technical preparation.
Before you start designing and producing your ESG report, be aware of the requirements of your investors regarding ESG performance of companies. Investors increasingly want to build more sustainable portfolios and have adjusted their voting behavior to do so. Therefore, start your ESG reporting by defining your ESG objectives and developing processes to capture investor-relevant data. With ns.publish and ns.wow, you have a free choice for this, because our reporting solutions process non-financial and financial data easily and efficiently and generate your ESG report automatically in all desired output formats (PDF, HTML and/or XBRL) and with professional design standards. So, use any pre-system for data collection to capture your ESG metrics in line with common reporting standards and frameworks.
Arrange an ESG reporting workshop with us and find out:
- Whether you as a company are affected by the new regulations.
- Which requirements of the EU regulation you must fulfil.
- Which requirements of the federal regulation you must fulfil.
- What the timeline looks like regarding regulatory requirements and when their implementation must take place.
- How to integrate data collection and consolidation into our reporting solution.
- How we provide handouts for a variety of systems.
- In which output channels the content can be published (HTML and PDF and XBRL).
Book your free consultation appointment now and get to know successful ESG reporting implementations of our customers.
Book your free consultation appointment now and get to know successful ESG reporting implementations of our customers.