Digitally Transforming Corporate Sustainability Reporting

The Situation

A large European steel manufacturer sought to transform its ESG and EHS data management and reporting practices to ensure compliance with the European Union’s Corporate Sustainability Reporting Directive (CSRD) requirements. Challenges the company faced included:

The lack of a comprehensive and standardized approach to collecting, managing, and reporting ESG and EHS data across the organization’s operations.
Limited automation and digitalization of sustainability data management, leading to manual and time-consuming processes.
Insufficient alignment with the European Sustainability Reporting Standards (ESRS) and the need to report on a wide range of environmental, social, and governance topics.
Concerns about the assurance and verification of their sustainability reporting to meet the CSRD's mandatory audit requirements.
A need for a scalable and future-proof solution that could adapt to evolving reporting requirements and stakeholder expectations.

How We Advised

J.S. Held, in partnership with a leading technology provider, leveraged its ESG & EHS Digital Transformation services to develop a comprehensive solution for the client. Key components included:

Implementation of an ESG Data Management Platform providing a centralized repository for sustainability data, enabling automated data ingestion from various sources, data validation, and near-real-time monitoring of key metrics.
Alignment with ESRS to map existing data and reporting processes to specific requirements. The solution covered a wide range of topics, including climate change, pollution, water and marine resources, biodiversity, resource use and circular economy, human rights, equal opportunities, working conditions, and anti-corruption.
Intelligent CSRD Reporting including data validation, error detection, and automated calculations to ensure the accuracy and consistency of the reported information, enabling the client to generate CSRD-compliant reports efficiently.
Establishing robust internal controls, documenting data sources and methodologies, and developing a clear audit trail for Assurance Readiness, providing auditors with secure access to the necessary data and documentation, streamlining verification.
Comprehensive Change Management and Training to ensure the successful adoption of the new ESG and EHS reporting processes, including engaging stakeholders across the organization, developing training materials, and conducting workshops to build internal capacity and ensure a smooth transition to the new system.

By collaborating with J.S. Held, companies can not only meet the immediate requirements of specific sustainability reporting regulations but also establish a robust and adaptable framework for long-term ESG management and disclosure, including regulatory compliance, improved data quality and consistency, enhanced transparency and credibility, operational efficiency, and scalability and futureproofing.

Our approach enables organizations to stay ahead of the curve, build stakeholder trust, and contribute meaningfully to the global effort to address pressing environmental and social challenges.

Key Contact

Daniel Artzer
Senior Business Consultant
ESG & EHS Digital Solutions
+1 720 821 8074
[email protected]

Related Practice Areas

> ESG & EHS Digital Solutions
We provide environmental, health, and safety (EHS); sustainability; and environmental, social, and governance (ESG) advisory and technology services globally. Our team draws on a vast array of experience in a diverse range of fields, including management consulting, regulatory compliance, information technology, and occupational health and safety.

> Sustainability & ESG Services
Our corporate sustainability and environmental, social, and governance (ESG) consulting services are focused on addressing the triple bottom line – people, profit, and planet. Throughout the sustainability / ESG journey, we help business stakeholders shape their goals and strategies, select and implement technologies, enhance operations, mitigate risks, strengthen governance, and become more reputable and sustainable to drive long-term business value.

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J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

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