ESG, hoe pak je dat aan?

Environmental, Social & Governance (ESG) is becoming an increasingly important topic. New regulations such as CSRD (Corporate Sustainability Reporting Directive) and new reporting standard such as ESRS (European Sustainability Reporting Standards) are key drivers which increases the importance of a profound ESG structure and reporting.

ESG also brings opportunities since compliance with the new laws and regulations can also yield competitive advantages.

The challenges

Unlike Solvency IFRS, ESG regulations do not prescribe exactly how you should do it. You will have to develop a vision and policy. You will also need to formulate ESG goals and embed these in strategy and business operations. How do you approach this? Where do you start? What can be learned from peers?

ESG Reporting Requirements

The Corporate Sustainability Reporting Directive (CSRD) requires companies of virtually any size to account for their ESG performance.

The reporting requirements (captured in the European Sustainability Reporting Standards), will also be subject to audit.

This means you need to address questions like:

• What exactly must be reported?
• Which KPIs will we measure and report?
• What about the availability of the data?
• Where does the data come from and is the data reliable?
• Who are the owners of the data?
• How to set up the process for collecting the data?
• How to calculate KPIs?
• How to set-up a process for carbon accounting?
• How to ensure auditability of the process?

Our approach

To answer these questions, you need knowledge and expertise of ESG regulations, data collection processes, software solutions, and change management. A scarce combination of expertise.

We offer this mix of expertise through our combined knowledge of ESG regulations, our extensive experience with implementing new regulations, combined with our experience in implementing data processing and reporting solutions.

Based on our experiences, we have developed a practical approach. With this approach, we help insurers to determine the goals for ESG and to set up a risk framework for ESG.

Discover our case studies.

How can we help?

• Make a plan & set up a project for ESG
• Advising and facilitating on ESG goals, using practical examples
• Benchmark: what are the peers doing?
• Translate ambition and goals into KPIs and information requirements
• Advising and supporting on the reporting process, including data collection
• Implement software solution for ESG, for example, CCH Tagetik
• Project- and changemanagement

This way we can support you take concrete steps that help you become and remain compliant. We use our extensive ESG practical experience and our knowledge of insurers to do this.

Why Sofia Consulting?

• With our approach, you get off to a flying start and avoid having to reinvent the wheel
• Combine in-depth ESG expertise with CCH Tagetik.
• Leading role in almost all implementations of CCH Tagetik in the Netherlands and several abroad.

Want to know more?

We regularly organize knowledge sessions on current themes such as ESG. Check our calendar for upcoming events.