Report
The new stricter requirements for sustainability reporting, in accordance with the CSRD directive, are a challenge for many companies.
The goal is for all companies within the EU to operate at the same level, allowing investors to easily assess their progress towards a balanced planet. A comprehensive and clear sustainability report can elevate sustainability efforts by integrating them into corporate governance. Our experienced consultants guide you step by step to ensure your reporting meets legal requirements and voluntary frameworks.
Sustainability reporting
We provide advice and expertise to ensure your company’s reporting complies with the new, stricter EU-wide requirements (CSRD and ESRS). We have extensive experience in following and interpreting the new rules now embedded in Swedish law. Today, we help several companies use the right framework in a value-creating way for their specific businesses. We identify what needs to be reported, prepare documentation, quality assure content, and ensure compliance with guidelines and legal requirements. This applies to both first-time reporters and those looking to develop and streamline their reporting.
Our services include workshops, benchmarking, establishing reporting structures and data collection models, and various analyses (including emission calculations, see more under Analyze Current Situation.
We support companies at all stages as needed
- Kick-starting the work
- Training and staffing
- Initial screening to identify relevant frameworks
- Support for conducting stakeholder analyses according to legal requirements
- Assistance with double materiality analyses according to CSRD and GRI requirements
- Conducting gap analyses to assess current sustainability reporting against new legal requirements
- Ongoing support throughout the process of producing a sustainability report that meets auditors’ standards
At 2050, we believe it is crucial that frameworks and guidelines are integrated into the company’s overall strategies and operations. Sustainability efforts should contribute positively to creating good business on a thriving planet.
Double Materiality Analysis (DMA)
A double materiality analysis examines both the company’s impact on sustainability and the financial impact of sustainability on the company. This analysis helps identify the most significant sustainability issues for the business to address and report on. We use company data, stakeholder analyses, and environmental monitoring as a basis. 2050 can assist with all steps required to meet the new, stricter sustainability reporting requirements in accordance with CSRD.
- Impact materiality analysis
Impact analysis is essential for understanding the company’s effect on society and the planet. At 2050, we have extensive knowledge in various sustainability areas and can provide methodology and expertise. Through our network, we can also engage organizations from the non-profit sector and academia.
- Financial materiality analysis.
A financial impact analysis involves understanding how environmental and societal factors financially impact the company. By analyzing risks and opportunities from future changes, businesses gain a better understanding of how to adapt. We offer methodology and expertise to support this process.
Skills development and Communication
To ensure the entire business keeps pace with the sustainability journey, 2050 Consulting offers customized training for management teams, managers, and employees. By staying updated on legislation, we can provide early training to keep different professional groups relevant in the market. We offer training on climate analysis, CSRD, double materiality analysis, TCFD, CBAM, and GRI. We also help our clients navigate how sustainability issues can be communicated.
EU Taxonomy
We support our clients with ongoing advice and reporting in accordance with the EU Taxonomy. We provide educational initiatives, screenings to identify which economic activities are covered by the taxonomy and could contribute to environmental goals, and assistance in proposing activities and measures to increase compliance with the taxonomy.
Global Reporting Initiative (GRI)
The GRI Standards are one of the most widely used frameworks globally, incorporating all aspects of sustainability from social, economic, and environmental perspectives. The framework provides a solid structure for a company’s sustainability efforts and clear, comparable guidelines for reporting. 2050 Consulting can help those who have never reported according to GRI understand how to apply and report the guidelines for their business, and advise those who already report according to GRI. Our assignments can range from full implementation of GRI guidelines, gap analyses against updates to GRI standards, quality assurance of reported information, or linking GRI with other reporting frameworks.
Carbon Disclosure Project (CDP)
CDP promotes transparency and comparability between companies, and more companies are choosing to disclose their sustainability information on CDP’s website. 2050 Consulting can support companies in conducting CDP reporting and in preparing specific information requested by CDP.
Task Force on Climate-related Financial Disclosures (TCFD) and Task Force on Nature-related Financial Disclosures (TNFD)
We support our clients throughout the entire TCFD implementation process. This can include workshops and introductions to climate-related risks, gap analyses against existing work, implementation plans, scenario analyses, follow-ups, or expert advice on reporting.
We see increasing interest in TNFD, the biodiversity counterpart to TCFD, and are monitoring the upcoming framework. For clients who want to be at the forefront of biodiversity, we offer workshops and advisory services, and we also provide training in biodiversity.
Sustainable Finance Disclosure Regulation (SFDR)
The SFDR is an EU regulation aimed at redirecting capital flows from the financial market towards more sustainable financing. One of the primary drivers of the regulation has been to harmonize the reporting of financial institutions and market participants on sustainable investments. We assist companies affected by the SFDR with advice and reporting in accordance with the regulation. This can include training, gap analyses, mapping how and which parts of the business are covered by SFDR, and support in developing a strategy to meet the regulation’s requirements.
CBAM Reporting
All importers of CBAM goods (steel, iron, aluminum, fertilizers, and cement) must report their imports and their climate impact in a specific EU register. At 2050, we have a team that helps companies report quarterly in what is called the CBAM transition register. Importing companies that do not report risk fines. We have extensive experience in analyzing the climate impact of products and can help companies assess the information provided by exporters regarding the climate impact of products, support the reporting process, and provide advice on the regulations.
