ESG and CSR reporting software
Sustainability reporting is the key challenge of corporate reporting of this decade. Many companies are mandated to report on Environmental, Social and Governance (ESG) aspects for the first time by 2025. The Corporate Sustainability Reporting Directive (CSRD) requires appr. 50.000 companies in the EU to provide detailed sustainability statements as part of a digital management report – and many other international initiatives in the whole world are about to mandate it for non-EU companies as well.
The current European Sustainability Reporting Standard (ESRS) exposure draft, as published by EFRAG defines 178 sector-agnostic disclosure requirements, sector specific disclosure requirements are not yet defined. Those disclosure requirements describe hundreds of single data points and narrative disclosures that must reported in a human-readable report, as well as in a digital and machine-readable format. It includes data points on water and energy consumption, Greenhouse Gas emissions, pollution, biodiversity as well as many social aspects like disclosures on workforce. Policies, targets, and specific action plans will have to be reported in order to see how companies are going to face the challenges of a changing world and climate change.
These are the challenges that arise from the current reporting and publication process, including:
- How to calculate, collect and consolidate the required data points by using solutions from AMANA partners.
- Using disclosure management software to be able to work collaboratively on the sustainability statements.
- Automate the data flow from various sources into management reports in order to eliminate manual and error-prone process as well as to optimize the last-mile reporting process.
- Options how to handle formatting and the production of glossy and ready-to-print reports in Word or InDesign as well as online reports.
- Digital tagging of sustainability and financial statements with the ESRS or ISSB XBRL taxonomy.
- Auditing and publication of the final report.
ESG and CSR software - Disclosure Management SmartNotes
With our Disclosure Management, we enable you to efficiently prepare annual, ESEF, iXBRL and ESG reports in an end-to-end process. Thanks to its certified and generic implementation, AMANA based tagging solutions, like the XBRL Tagger or our disclosure management SmartNotes, can simply load the ESRS XBRL taxonomy for tagging right away. By using direct data interfaces for different ESG data collection and calculation software solutions (e.g. Sphera or LucaNet), combined financial and ESG reporting is enabled quick and easy. The tagging tools allow you to load and tag multiple XBRL taxonomies at the same time, e.g., the ESEF taxonomy and EFRAG/ISSB taxonomy. AMANA XBRL tagging solutions are used by more than 1000 entities across the EU already.
ESG Reporting with AMANA: Automated Data Flow and integrated XBRL Tagging
Due to the published Exposure Draft of the ESRS, the requirements for the preparation of an ESG report have changed. In our webinar, we will discuss the latest challenges and how to implement them.
Referents: Richard Bössen and Philipp Stampfuß
Disclosure Management SmartNotes: End-to-end process to the ESEF and ESG annual report
Our Disclosure Management SmartNotes increases the efficiency in the creation of annual reports and iXBRL reports and helps you to implement the ESEF requirements. Work with SmartNotes from the first data import, through the input of corrections, to the publication of the annual report in a print-ready layout without media discontinuity. Our Disclosure Management System relieves you of the manual work steps so that you can concentrate on essential content.
Referents: Björn Bielesch and Nina Schüller
Testimonials - ESG reports
AMANA supported us in the implementation oft he SmartNotes Disclosure Management System for external reporting. The implementation project and the automated processes were an excellent experience for our team. In our Annual Report all major contents including our Financial Reports as well as the ESG contents (Environment, Social and Governance) oft he report are maintained in SmartNotes. The charts have been built in Excel according tot he Corporate Design standards with automated data feeds. The source system is IBM Cognos with automated connections to numbers in charts, tables and to numbers in the text. The ready-to-publish format from Word eliminated the manual InDesign work and significantly improved the process effiency.
We are using SmartNotes for our Annual Report production process. All contents are maintained in SmartNotes in a ready-to-publish format from Word including the following parts: Financial Report, Remuneration Report, Corporate Governance Report as well as Sustainability Report. The numbers in the tables, charts and texts are interconnected and connected to the source data, they are updated automatically for each data load throughout the report. SmartNotes has significantly helped us to automate the process and reduced the correction efforts.