What is ESGlogic?
ESGlogic is a forward-thinking platform designed to support companies on their sustainability journey. Focused on ESG (Environmental, Social, and Governance) consulting, it offers tailored resources and a specialized platform for managing ESG data and compliance. With access to a vast network of over 100 skilled internal and external implementation partners, ESGlogic makes navigating the complexities of sustainability reporting a whole lot easier. Whether it’s tackling the Corporate Sustainability Reporting Directive (CSRD) or diving deep into double materiality assessments, ESGlogic is there every step of the way.
Main Benefits of ESGlogic’s Approach
Here’s what makes ESGlogic stand out:
- Supports compliance with the new CSRD, which broadens ESG disclosure requirements beyond the previous NFRD.
- Offers a comprehensive double materiality assessment to map value chains and climate risks at every location.
- Provides ESGlogic-certified experts to help define material topics tailored to each business.
- Includes ready-to-use Materiality Assessment Grids and survey templates for stakeholder engagement.
- Simplifies data collection with import connectors and integration features compatible with existing company software.
- Centralizes all ESG data on one platform for easier reporting year after year.
- Enables impact assessments aligned with ESRS standards covering climate change, pollution, water resources, biodiversity, and circular economy.
- Facilitates collaboration with auditors through a partner platform, allowing real-time progress monitoring.
- Prepares companies to export regulatory-compliant CSRD reports in XLRS format.
Understanding the Corporate Sustainability Reporting Directive (CSRD)
The CSRD is a game changer in sustainability reporting. It steps up the game from the previous Non-Financial Reporting Directive (NFRD) by demanding more detailed ESG disclosures and expanding the scope to include many more companies. This means businesses need to be more transparent and precise about their environmental and social impacts. ESGlogic helps companies navigate these new waters by offering clear guidance and tools to meet these tougher standards.
Double Materiality Assessment: Why It Matters
Double materiality is at the heart of ESGlogic’s methodology. It’s about understanding not just how sustainability issues affect a company, but also how the company impacts the environment and society. ESGlogic helps businesses map their entire value chain at every location, assessing climate risks and defining material topics with expert support. This dual perspective ensures companies focus on what truly matters, both inside and outside their operations.
Data Collection and Environmental ESRS Data
Collecting the right data can be a headache, but ESGlogic makes it manageable. Starting with a Gap Analysis based on ESRS guidelines, companies can identify exactly which data points are relevant. The platform’s integration features allow seamless data import from existing software, centralizing everything for easier management. Plus, ESGlogic covers environmental ESRS data thoroughly, including impact assessments for climate change, pollution, water resources, biodiversity, and circular economy. This comprehensive approach ensures no stone is left unturned.
Project Impact: Linking to Sustainable Development Goals (SDGs)
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 15: Life on Land (Biodiversity and Ecosystems)
- SDG 6: Clean Water and Sanitation
- SDG 17: Partnerships for the Goals (collaborative networks and expert partnerships)
Frequently Asked Questions About ESGlogic and CSRD
Wondering how ESGlogic fits into the bigger picture? Here’s a quick rundown:
- How does CSRD differ from NFRD? CSRD demands stronger ESG data disclosure, covers more companies, and introduces detailed reporting standards.
- What are EFRAG and ESRS? EFRAG is the European Financial Reporting Advisory Group advising on corporate reporting. ESRS are the European Sustainability Reporting Standards developed by EFRAG, focusing on Environment, Social, and Governance pillars.
- How does ESGlogic help with CSRD compliance? By offering ESG strategy advice, defining double materiality matrices, providing integrated data collection platforms, and assisting in preparing ESG reports.
