An ESG report is a document in which a company describes its approach to the environment, social responsibility and governance. Companies most often need it when a customer, bank or investor requires it as a condition for cooperation or financing. Increasingly, however, it is also becoming a tool for building trust and strengthening competitiveness, even without a legal obligation.

No, it is not mandatory for everyone. The legal obligation under the CSRD directive currently applies to large companies that meet both defined conditions on a consolidated basis: more than 1,000 employees and net turnover of more than EUR 450 million. Most small and medium-sized companies are therefore not yet directly subject to this legal obligation.

In practice, however, ESG reporting is often required indirectly. Banks, larger customers and international partners now commonly include it in their supplier requirements or loan conditions.

CSRD, the Corporate Sustainability Reporting Directive, is a European directive that sets mandatory non-financial reporting requirements for large companies.

VSME, the Voluntary Sustainability Reporting Standard for SMEs, is a voluntary standard designed specifically for small and medium-sized enterprises. It is less demanding, but structured to meet market expectations.

ESG report is a general term for any report covering the areas of Environment, Social and Governance. It can be prepared according to various standards, such as VSME, GRI or a company’s own methodology.

For most medium-sized companies in the Czech Republic, the VSME standard is currently the most suitable starting point.

We obtain most of the inputs through structured data collection using our Flagship Platform. You do not need to prepare any complicated documents in advance.

Typically, we will need basic information about the company and access to selected operational data, such as energy consumption, water consumption, waste, employee numbers and similar data. We set up the whole process so that it creates as little burden as possible for your team.

The length of the process differs for every company. In general, we most often see ESG reports completed within 4 to 8 weeks from the start of cooperation.

It depends on the scope of the report, data availability and whether we also prepare a carbon footprint calculation or ESG strategy. For companies that have data readily available and communicate quickly, we can shorten the process.

At the beginning of the cooperation, we always propose a realistic timeline tailored to your company.

Yes. We handle ESG data collection digitally through Flagship Platform with our expert assurance and in line with European standards.

We offer carbon footprint calculation as an optional part of reporting, covering Scope 1, 2 and 3 according to the GHG Protocol methodology.

If you are not sure what scope you need, we will advise you based on your industry and the requirements of your partners.