Facebook Twitter Instagram Pinterest

Sustainability Reports
and Disclosures

International Reporting Standards and Frameworks in Sustainability Reporting
Ecolithic

CSRD/ESRS Report

The EU has changed the corporate sustainability reporting landscape in the last years and introduced unheard-of reforms in line with the European Green Deal. The Corporate Sustainability Reporting Directive (CSRD) is the name of sustainability reporting that will affect not only European companies but also all economic actors having economic and financial ties with the bloc. The CSRD entered into force in January 2023. EFRAG introduced European Sustainability Reporting Standards (ESRS) in sustainability reporting in the EU. Sustainability reporting in the CSRD/ESRS domain entails deep experience in translating new rules and regulations into actionable insights and outputs.  
Ecolithic meets the regulatory requirements, multi-aspect sustainability analysis considerations, and vast expectations in the CSRD/ESRS realm.
CSRD/ESRS includes brand-new expectations. Double materiality assessments and analyses (DMAs) stay at the top in this regard. Supply chain sustainability, EU Taxonomy reporting, and life cycle analyses (LCAs) are all included in the CSRD reporting. More than one thousand data points and the highly demanding nature of CSRD/ESRS reporting directly address the use of advanced technologies that Ecolithic develops and offers.
Ecolithic deploys three keys in delivering CSRD/ESRS reports: Experience. Technology. Diligence.
Assurance requirements also increase the scrutiny expectations at all levels of CSRD/ESRS reporting.
Ecolithic can deliver more than sustainability reporting in the CSRD/ESRS field: Digitalization. Automatization. Transformation.
Our CSRD/ESRS work includes:
  • Gap analysis
  • Double materiality assessment
  • EU Taxonomy reporting
  • Life cycle analysis (LCA)
  • Automated data collection
  • Audit trail consideration
  • Digital tagging
  • Traning on CSRD/ESRS
  • Transformational reporting approach
The key services that Ecolithic performs are closely tied to one another in CSRD/ESRS reporting: Analysis. Visualization. Reporting.
Ecolithic follows a Transformational Sustainability Reporting (TSR) approach. CSRD/ESRS expects reporting business organizations to transform from business-as-usual to sustainable business models. EcolithicTSR supports business organizations using science-based change management approaches.
Ecolithic can fortify your business with three pillars while delivering sustainability reporting services: Governance. Efficiency. Long-term Value Creation.
Ecolithic fortifies your governance capacity, cuts reporting costs, and increases your long-term value creation capacity.

EU Taxonomy Report

The EU Taxonomy was introduced in 2020 by the EU as a part of its sustainable finance reform and aims to classify enterprise-level economic activities based on their sustainability characteristics. Utilizing the EU Taxonomy Suite supported by EcolithicAI, Ecolithic initially generates your key performance indicators (KPIs), revenue KPI, capital expenditure KPI (Opex KPI), and operating expenses KPI (Opex KPI). Eligibility analysis, alignment analysis, do no significant harm (DNSH), and minimum safeguards are the necessary analyses in this work.Users can either perform one or all of them at the same time. Our EU Taxonomy Suite includes the interpretations of the KPIs and finally generates the full Taxonomy Report.

GRI Report

The GRI Standards are global sustainability standards and have been widely used by many companies worldwide. The GRI sustainability standards are applicable to any organization – large or small, private or public – to understand and report on their impacts on the economy, environment, and people. Ecolithic helps firms in GRI reporting and deploys Ecolithic’s GRI Suite, which EcolithicAI supports. Ecolithic is a proud community member of GRI.

Sustainable Finance & Projects

Ecolithic focuses on sustainable finance reforms in the EU. The Action Plan on Sustainable Finance encapsulates ten interconnected reform areas in sustainable finance. Ecolithic delivers consulting services and technology solutions to implement the reforms introduced with the Action Plan. Ecolithic can deliver sustainable finance training programs and start and manage sustainability transformation projects.

SFDR Disclosures

In connection with the CSRD, the EU has rules and regulations for sustainability-related disclosure in the financial services sector. The Sustainable Finance Disclosure Regulation (SFDR) is the main regulation in this field. SFDR is for asset managers and financial market participants (FMPs) to disclose sustainability information. Ecolithic helps asset managers and financial market participants in their SFDR disclosures. Ecolithic’s SFDR Suite is for this service.

IFRS S1/S2 Disclosures

In June 2023, the new global sustainability standard-setting body under the IFRS Foundation, the International Sustainability Standards Board (ISSB), issued sustainability-related disclosure standards called IFRS S1 and IFRS S2. IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information IFRS S2: Climate-related Disclosures Ecolithic provides services on IFRS S1 and S2 disclosures.

CBAM Report

Introduced in 2023 by the EU, the Carbon Border Adjustment Mechanism (CBAM) aims to reduce and put a fair price on carbon emissions for the products of the following sectors: iron/steel, cement, fertilizers, aluminum, hydrogen, and electricity. When they import products and goods in these sectors, EU-based businesses will submit CBAM reports quarterly and register in the CBAM Transitional Registry. Ecolithic helps EU and non-EU businesses in compliance and reporting responsibilities. Ecolithic’s CBAM Suite generates CBAM reports for business organizations in support of Ecolithic AI.

Ecolithic develops and delivers technology solutions in sustainability and offers business consulting and sustainability reporting services. Ecolithic’s services DO NOT include financial services. / Ecolithic’s products and services DO NOT include any investment advice.
Legal Disclaimer
Ecolithic