The FMCG's complex supply chains and end-customer variables pose an accute carbon accounting challenge.
Today's customers want evidence of ethically sourced products and investors and regulators demand a process around ethical practices.
Today's customers are increasingly focussed on E, S and G values. It is of critical importance to make sustainability a competitive advantage.
From the farm to your fork, the food we eat goes through a host of different processes before it’s fit for consumption, and many of these stages have ESG reporting requirements. Sustainable agricultural practices, waste management, public health concerns, and regulatory compliance all play a part in a company’s ESG standing.
Companies that succesfully manage their ESG reporting and improvement will position themselves favourably in the eyes of investors, regulators and consumers. KEY ESG software allows you to store all ESG data in one place, ensuring regulations are adhered to and you have complete control over your ESG narrative.
KEY ESG’s platform ensures fair labour practices are evidenced in response to consumer demands for ethical practices. Identify the metrics that matter to your customers and stakeholders and seamlessly collect, report and improve those aspects of your ESG strategy.
KEY ESG’s platform ensures fair labour practices are evidenced in response to consumer demands for ethical practices. Identify the metrics that matter to your customers and stakeholders and seamlessly collect, report and improve those aspects of your ESG strategy.
Governance can often bring added complications in the food and consumer goods sector, given strict food safety regulations and the increased media interest in consumer brands. Our software simplifies this with a robust compliance tracking and reporting system, ensuring that you demonstrate a governance process and system for measuring that process.
Whether you're a producer, processor, or distributor of food and consumer goods, our ESG software is equipped to address the multifaceted challenges of your industry. Book a demo today to discover how our powerful ESG software can be tailored to your specific company’s needs, helping you not only comply with evolving regulations, but also build a brand that offers investors and consumers a transparent view into your ethical and sustainable operations.
Gabrielle Rubenstein, Co-founder and Managing Partner
Ann Masson, CFO
Caitlin Heffley, Head of Customer Service
The aim of the Corporate Sustainability Reporting Directive (CSRD) is to enhance the transparency, consistency, and comparability of sustainability reporting by certain companies in the European Union. The CSRD builds upon the existing Non-Financial Reporting Directive (NFRD) and seeks to address its limitations by introducing more robust and standardized reporting requirements.
KEY ESG keeps track of global ESG regulatory developments. We have incorporated major ESG regulations such as the SFDR, CSRD, SEC and SRD in our reporting software tool and we help our users measure and report on the metrics they need to disclose to regulators. KEY ESG users can rest assured that we update these metrics as new regulatory requirements or changes to existing requirements are announced.
Double materiality means that companies are required to assess and disclose information about the environmental, social, and governance (ESG) factors that can affect the company (internal impacts) as well as the ESG factors that the company, through its activities, products, and services, affects externally (external impacts).
The Corporate Sustainability Reporting Directive (CSRD) is an updated and expanded version of the existing Non-Financial Reporting Directive (NFRD). The CSRD is an EU legislative initiative that aims to enhance the transparency and comparability of sustainability reporting by companies in the region.
KEY ESG’s software uses ESG measurement methodologies as outlined by standard setters, such as the Global Reporting Initiative (GRI). Importantly, our carbon footprint calculators are all in line with the GHG Protocol.
KEY ESG software integrates the industry standard investor frameworks for ESG reporting. This includes, amongst others, the ESG Data Convergence Initiative and the SFDR (Sustainable Finance Disclosure Regulation). As new regulatory frameworks come into effect, our software will automatically flag updates to users, who can then start using KEY ESG to report under the new rules.
Our focus on industry leading frameworks saves managers time when it comes to reporting, as the market is converging on the topic of ESG measurements.
No. Effectively managing ESG unlocks value for any company, whether private or public. ESG isimportant for all types of organisations, including private companies, non-profits, and governmental bodies.
While ESG factors are often highlighted in the context of investment decisions for publicly traded companies, the principles and practices underlying ESG are broadly applicable and beneficial for any organisation when it comes to risk management, creating long-term value, fostering trust, improving access to capital, regulatory compliance, employee attraction and retention, and market competitiveness.
ESG reporting refers to the process of evaluating and communicating a company's performance based on environmental, social, and governance (ESG) metrics. This process helps companies measure and manage their ESG impact, communicate their sustainability story to stakeholders, and improve their overall sustainability performance.
Listed companies: CSRD will apply to companies which meet any of these criteria:
Large private companies: CSRD will also apply to companies which meet two of the following three criteria: