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ESG ACCOUNTABILITY

Governments, international organizations and investors increasingly demand consideration of the sustainability of enterprises as a condition for access to investment and to increase the degree of trust. Greater transparency regarding the company's performance in the field of sustainability is becoming an increasingly important topic for other stakeholders - customers, suppliers, end users.

Organizations need to be able to collect, analyze and display data from different sources and according to different standards to ensure that corporate sustainability reporting meets the requirements and relevant standards.

Winding Roads

SUSTAINABILITY AND ACCOUNTABILITY

  • Sustainability monitoring and reporting are key points in the implementation of the ESG strategy. The process includes tracking the performance of activities, measuring results through defined metrics, and reporting regularly to stakeholders. Adapting strategies and action plans based on the information received is also an important aspect. In this way, monitoring and reporting not only serve to track success, but also to improve and adjust strategy.

  • Monitoring and reporting involves actively communicating with stakeholders and analyzing data to identify trends and opportunities for improvement. The process is continuous, with cycles that are updated to ensure up-to-date information and rapid response to emerging changes. This system helps organizations achieve their ESG goals, improve their practices and demonstrate a commitment to sustainability and social responsibility.

  • Sustainability reporting is now mandatory for some categories of companies, and with the adoption of the amendments to the Directive on annual financial statements, consolidated financial statements and related reports of certain types of enterprises, the circle of obliged persons has expanded significantly.

Beleva and Partners

Contact us for a one-hour free consultation.

A company that does not keep up will be left behind and loses its competitive advantage in the business world, while those who do embrace change will constantly benefit from responding to the socioeconomic context and the societal expectations of stakeholders. Innovation and self-actualization prove to be the most effective and rewarding practices for organizations.

Assoc. Dr. Marina Stefanova

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