ESG Compact Seminar: Understanding the New Reporting Requirements
The three-day in-house ESG reporting training is designed to provide executives and experts in your organization with a comprehensive understanding of the growing global regulatory ESG requirements and equip them with the necessary skills to take them further in practice. The focus will be on new regulations introduced in 2023, such as ESRS and IFRS S1 and S2, which will revolutionize the quality and requirements of ESG reporting. Participants will become familiar with the basic concepts, new standards and methods of ESG reporting and practice their application using ESG software. Through a combination of classroom instruction, discussion, hands-on exercises, and space for personal mentoring (coaching), participants will gain the knowledge and tools to optimize their organization's ESG reporting.
By the end of this training, participants will have gained a solid understanding of ESG reporting practices and how to integrate ESG reporting into the organization's internal control and management systems. You will be able to effectively collect, analyze and report ESG data and use software to unlock the potential of digitization for your own business. In addition, participants will be well prepared to meet the growing expectations of the European Union, IFRS and purchasing requirements.
Learning objectives
- Understand and properly apply various ESG reporting standards
- Learning to focus on what is important and manage demands appropriately
- Basic knowledge for the calculation of a corporate carbon footprint
- Identification of relevant ESG key figures and indicators
- Strategies for data collection and analysis
- Experience with ESG software
Contents
DAY ONE - Challenges
Introduction
- Megatrends and drivers
- Models and practical examples
Green Deals and Growing Global Regulation
- Growing requirements
- Growing legalization: What? For whom? From when?
- EU taxonomy
- Supply chain legislation: EU directive on due diligence for sustainable enterprises (CS3D)
- Understanding the European CO2 Border Tax (CBAM).
Understand ESG reporting standards
- European Sustainability Reporting Standards (ESRS)
- Standards of the Global Reporting Initiative (GRI)
- IFRS standards for the disclosure of sustainability information (IFRS S1 and S2)
- Alignment of standards with TCFD, SASB, CDP and other frameworks.
- Interconnectivity of ISO and CSR management systems
DAY TWO - Implementation
Materiality Analysis
- Introduction Materiality analysis
- (Further) development of the concept of materiality
- Data collection methods
- Data evaluation
Basics of a climate strategy and the key figures required for it
- Environmental analysis
- Business analysis
- Measures planning
- Data collection based on the GHG Protocol: Scope 1, Scope 2, Scope 3
- Data procurement, data quality
- Consolidation for the preliminary corporate carbon footprint
- Identification of transformation paths and measures
- CO2 management and continuous reduction process
DAY THREE - Practical exercises with software & individual coaching
Software for ESG reporting: introducting CSRmanager®.
Exercises on ESRS E1 / GRI 302, 305: Climate change
- Identification of relevant ESG metrics and indicators
- Strategies for collecting and analyzing data
- Energy measurement
- Scope 1 measurement
- Scope 2 measurement
- Scope 3 measurement
Exercises on ESRS E5/ GRI 301, 306: Circular economy
- Identification of relevant ESG metrics and indicators
- Strategies for collecting and analyzing data
- Measurement of material consumption
- Waste measurement
Exercises on ESRS S1 / GRI 401, 403, 405, 406: Own workforce
- Identification of relevant ESG key figures and indicators
- Strategies for collecting and analyzing data
- Measurement of employees
- Diversity measurement
- Health and safety measurement
Coaching dates
- Materiality analysis
- Key figures and report configuration
- Compliance & Guidelines
- Data consolidation
- CO₂ balance for your company
- ESRS 2 Specifications
Consultation hours dates
The last Friday of each month
At a glance
Duration: 24 h
Dates and locations: 3-day seminar (in-house)
Target groups: Management and employees in the (future) area of responsibility of ESG reporting
Cost: on request
Lecturer
Dr. Christopher Wittle
Lecturer
