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This is how you can make ESG reporting easier – meeting new EU requirements
Knowledge company Dib recently launched a sustainability reporting aid that, among other things, makes it easier to meet the EU CSRD Directive. The response has been very positive.
– Isabel Carendi of Dib said it was clear that companies were in great need of guidance on how to use ESG reporting.
The European Union has passed a new regulation on sustainability reporting that aims to increase transparency and standardize companies’ reporting on sustainability issues. The new regulation is called the Corporate Sustainability Reporting Directive (CSRD).
The report itself must contain all the information necessary to be able to understand the consequences of the company’s operations and how they affect the surrounding environment. In the standards that must be followed, there are extensive requirements for the information that must be provided.
The regulations are extensive and often difficult to interpret, and it may take a lot of time or expert help to understand what steps must be taken.
Dib’s ESG solution is cloud-based
Dib’s solution is a cloud-based information database where everything you need for ESG reporting is collected in one place. There are also clear checklists so you can stay compliant by itemizing the information requirements.
– Everything is very new and unpracticed. We have our own internal expertise but also collaborate with many leading experts. Isabel Carendi said that when the CSRD is in force for a while, there will be changes and expert opinions related to the standard.
The database is continuously updated with new standards, relevant regulations and topical articles, clarifying and illustrating the use of ESG in practice.
– There is a useful search function. She said the checklist is interactive, which increases work efficiency and minimizes the risk of errors.
The aid was recently launched simultaneously in Sweden, Norway and Denmark and has been well received.
– She said users see great value in that all information is collected on one platform and they can trust that the content is updated.
It’s time to start working on ESG
The initial idea was that the service would be used by finance departments of large companies and those who deal directly with sustainability reporting. Some time after the launch, it became clear that other parts of the company, such as HR managers and others who deal with sustainability issues in some way, as well as small and medium-sized companies, needed the tool.
The CSRD will be implemented in Swedish law in July 2024, with the requirement gradually coming into force for companies based on net turnover, total assets and number of employees. The largest companies will publish reports for the first time in 2025.
About Dibu Knowledge
DIB stands for Intelligent Library. The company was founded in Norway in the mid-1990s, where they currently have a significant market share. In 2022, they entered the Swedish market. Today, there are about 50 employees in Norway, Sweden and Denmark.
Read more: www.dib.se
This article was produced by Brand Studio in collaboration with Dib Kunnskap and is not an article by Dagens industri
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