It is becoming increasingly important for companies to address their corporate responsibility towards both society and the environment, to develop concepts and strategies which they report on in the public eye.

For companies, addressing their own responsibility along their entire value chain is becoming more and more vital - also with regard to their own future viability. That is why they are developing sustainability strategies and reporting on their activities in a structured manner. Important stakeholders such as customers, financial market participants (see also Carbon Disclosure Project - CDP) and legislators are increasingly demanding this transparency, as for example since 2017 through the CSR Directive Implementation Act (CSR-RUG).

As sustainability aspects are progressively evolving from non-financial to financial risks for the reasons mentioned above, the financial market is paying more attention to ESG (environmental, social, governance) criteria when making investment decisions. In particular, investors and insurers want to know whether companies' business activities are exposed to higher risks in the medium and long term as a result of climate change. This is reflected, for example, in the steadily increasing number of companies responding to CDP questionnaires or reporting on the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). Regulatory pressure is also continuously increasing: In order to finance the transformation process, an important set of instruments was created with the Sustainable Finance Package as a measure of the EU Green Deal, and here in particular with the Taxonomy Regulation. This also results in new reporting and transparency obligations for large companies and financial market participants.

Furthermore, the EU has presented a significantly stricter draft of the European sustainability reporting obligation (EU CSRD - Corporate Sustainability Reporting Directive) with the Sustainable Finance April Package 2021. The issue of supply chain transparency and responsibility is also increasingly coming into focus: German legislators have introduced the Supply Chain Compliance Obligations Act (Lieferkettensorgfaltspflichtengesetz), which will come into force in 2023. A Europe-wide equivalent is currently being coordinated.

Sustainability-related reporting requirements are diverse and currently growing rapidly. We help you keep your bearings as to which requirements are relevant to you, when and in what form, what you need to do to comply, and how you can embed sustainability into your corporate strategy. We are convinced that this is THE cornerstone of long-term success.

CSR Reporting

FutureCamp helps you not only in fulfilling your obligation to report, but in establishing the topic of sustainability in your processes and your corporate culture.

Since the 2017 financial year, large, capital market-oriented companies in the EU have been required by the Non-Financial Reporting Directive (NFRD) to submit an annual non-financial statement. In Germany, this is implemented by the CSR Directive Implementation Act.

In April 2021, the EU presented a draft revision of the NFRD to extend the reporting obligation as part of the "EU Sustainable Finance April 2021 package" - a measure of the EU Green Deal. If the EU Commission's proposal for the Corporate Sustainability Reporting Directive (CSRD) is implemented in national law, all large companies with more than 250 employees and total assets of more than 20 million Euro or sales of more than 40 million Euro would be affected, regardless of capital market orientation. This would increase the number of affected companies in Germany by a factor of approximately twenty. The content to be reported will also be significantly expanded and the qualitative requirements will increase.

In addition, the EU Sustainable Finance Taxonomy will result in extended reporting requirements for companies from 2022. Furthermore, the Non-Financial Reporting Directive is currently under review. This process is also very likely to result in new requirements. Due to the strong focus on the topic of "climate", voluntary climate-relevant reporting formats, such as the CDP or the requirements of the Taskforce on Climate-related Financial Disclosures (TCFD), can be very helpful in implementing the obligations.

FutureCamp supports you in the following tasks:

  • Identifying and meeting regulatory requirements
  • Development of sustainability strategies with derivation of targets, key figures and measures
  • Organizational anchoring of sustainability
  • Preparation of sustainability reports according to common standards (e.g. Global Reporting Initiative - GRI SRS, German Sustainability Code - DNK) and support of upstream processes such as
    • Stakeholder participation
    • Materiality analyses (also taking into account the United Nations Sustainable Development Goals, SDGs)
    • Defining key performance indicators, data queries
    • Introduction of a CSR management system
  • Coordinating external service providers e.g. communication agencies, translators
  • Support in audit processes
  • Participating in common sustainability assessments such as ISS-ESG.
  • Preparing and conducting supplier assessments and audits, e.g. EcoVadis, NQC.

FutureCamp is an official training partner for the German Sustainability Code and regularly holds events in this context.

In order to live up to our own sustainability standards and also to report transparently on progress and potential for improvement, we have regularly published a declaration of conformity with the German Sustainability Code (DNK) since 2016. Accordingly, our declaration for the 2020 reporting year can be viewed publicly on the DNK website following its review by the DNK office.

"Through CSR Reporting, you have already gained experience with the GRI standards or the DNK and established processes for reporting in your company. You have thus initiated a continuous improvement process in the direction of sustainability. In addition, you have deepened the knowledge of your own value chain and thus obtained important information on where potential risks for your company might lie. Now it is time to take another step on the way to an integrated sustainability strategy. Use the positive effects of your structured sustainability reporting and any synergies that may have arisen to give your company a head start and make it fit for the future."

Hannah Powarcinsky has been advising private-sector companies ranging from DAX-listed corporations to SMEs as well as public-sector clients for FutureCamp since 2011. As Head of Sustainability Services, she is primarily responsible for the business unit "Sustainability". As an experienced project manager, she has extensive experience in the fields of sustainability strategy and reporting, climate strategy, carbon footprinting and climate neutrality. This also includes the content design and implementation of workshops and training courses in the aforementioned areas.

FutureCamp has supported Covestro since 2016 in its annual sustainability reporting in accordance with GRI standards, its successful participation in CDP, and the preparation of its first comprehensive TCFD report.

"FutureCamp provided us with very competent support. Ms. Gruß and your team worked intensively on our content and provided valuable advice that contributed to a substantial improvement of our sustainability reporting."
Vice President Corporate Sustainability of Covestro, Dr. Bischof

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Sorgfaltspflichten in der Lieferkette

englisch Nicht nur die Nachhaltigkeitseffekte der eigenen Unternehmenstätigkeiten sind zunehmend Bestandteil regulatorischer Transparenzanforderungen, sondern darüber hinaus auch die Auswirkungen in der Lieferkette.