Many large companies are already obliged to report environmental indicators. However, an increasing number of smaller companies are voluntarily reporting information on the environment and sustainability. Voluntary frameworks for sustainability reporting typically cover a wider range of ESG parameters than required by regulations, resulting in a higher level of transparency and relevance.
There are several frameworks for sustainable reporting or reporting of environmental parameters. The most famous or currently most used are:
The Non-Financial Reporting Directive (2014/95/EU) imposes an obligation for companies with more than 500 employees in the area of non-financial information reporting. One of the reporting areas is climate change, where companies should calculate their GHG emissions in line with the GHG Protocol methodology or the ISO 14064-1:2018 standard and, where appropriate, with the Commission Recommendation 179/2013 for common methods on measuring GHG performance following a lifecycle approach (Organisation Environmental Footprint and Product Environmental Footprint).
Global Reporting Initiative standards consists of number of life cycle based environmental data. We have experience of collecting and presenting of these kind of data.
The GHG Protocol is an international standard for reporting greenhouse gas emissions in scope 1 (direct emissions), Scope 2 (indirect energy emissions) and Scope 3 (indirect emissions from the life cycle of an organization and its products) according to the methodology of the World Business Council for Sustainable Development and the World Resource Institute.