Corporate Responsibility (ESG) Report
Sutok has extensive experience in preparing Corporate Responsibility, Environmental Responsibility, and ESG reports. The company supports its clients throughout the entire process—from data collection and analysis, to report drafting, and assisting with the presentation of findings to senior management and the board of directors.
Corporate Responsibility Reports, also known as ESG Reports, provide stakeholders with data about the company in three “soft” domains (as opposed to reports that focus on traditional financial metrics such as revenues and profits):
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Environment (E): How the corporation addresses environmental issues and what steps it takes to minimize its environmental impact. Examples include climate change, carbon emissions, air/water/soil pollution, energy efficiency, and waste management.
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Social (S): How the corporation relates to people, including both employees and customers. Examples include customer satisfaction, data protection and privacy, gender diversity and inclusion, integration of employees with disabilities, employee engagement, community relations, and human rights.
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Governance (G): How the corporation complies with laws and regulations. Examples include composition of management and committees, approaches to bribery and corruption, corporate culture, executive compensation, and auditing.
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Why is ESG Important?
Just as we expect an individual to take responsibility for their actions when something goes wrong, we also expect corporations and large companies to act responsibly. For instance, if a factory stores hazardous substances in large tanks and a tank leaks because of poor maintenance, this likely signals insufficient attention to safety and environmental requirements- reflecting the organizational culture. Such incidents may lead investors to avoid the company.
When an individual acknowledges a mistake and takes responsibility, it shows a moral compass and understanding, earning trust and goodwill. Similarly, when a company publishes a transparent and accurate ESG report, it helps investors build trust in the organization. Additionally, ESG criteria allow consumers to make informed decisions about which companies to purchase from.
Ultimately, an ESG report provides clear, measurable objectives- numbers and targets that can be tracked and analyzed.
Who Needs ESG Reporting, and Why?
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Internal mapping of the organization and identifying gaps between set targets and actual performance.
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External benchmarking and comparison with other companies.
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Ongoing dialogue with stakeholders.
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Enhancing employee satisfaction—through diversity, job security, personal development opportunities, and varied career paths.
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Preparation of annual and multi-year plans for continuous improvement.
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Involvement and updating of management and the board, securing their approval for corporate activities in key ESG areas.
What Do You Do with the ESG Report Once Ready?
After all the data has been gathered and consolidated into a comprehensive report, it should be shared as part of the company’s commitment to corporate transparency.
For more information, please contact us at your earliest convenience!