Enhancing ESRS Reporting with Efficient Software Solution
Reporting on ESRS and CSRD poses significant challenges and confusion for companies. These challenges include understanding the implications of reporting, conducting a double materiality assessment, bridging knowledge gaps, and addressing resource allocation and planning discrepancies based on company size. At the same time, ESRS reporting encompasses several key components, including quantitative data, qualitative data, file management, and external data collection from stakeholders or suppliers.Therefore, it’s important to have a proactive approach alongside a software solution to help navigate the reporting process effectively and to ensure a seamless reporting experience.
Position Green offers a full-cycle ESRS software solution that enables users to report quantitative data with ease, facilitating climate accounting through automated calculations and pre-loaded emission factors. This feature minimizes the risk of human errors and eliminates the need for manual search and retrieval of relevant data.
Additionally, the software offers robust tools to handle qualitative text in a structured manner. Companies can report and gather data from various departments within the organization, ensuring centralized and organized information flow. Instead of relying on scattered emails or shared documents, the software provides a cohesive framework for managing qualitative data efficiently.
Store and access essential documents
One useful aspect of ESRS reporting is the ability to have all policy documents, proofs, and certifications in one place. Position Green’s ESG software ensures that users can store, access and refer to all these essential documents within the software, simplifying the auditing and quality assurance experience by having the necessary proofs connected to each relevant disclosure. This centralised approach streamlines the reporting process and ensures that companies have all their ESG information readily available for analysis and assurance.
Streamlined and consolidated data collection
Users can upload relevant documents to support their responses to specific questions or provide evidence of compliance. The software also offers the capability to gather external data by sending out surveys or inviting stakeholders to participate in the reporting process. This functionality reduces the reliance on sharing internal systems or struggling with information exchange through emails, ensuring a more streamlined and secure data collection process. Every step taken within the software is traceable and transparent, facilitating better accountability and auditability.
Furthermore, Position Green’s ESG software allows companies to report throughout the year, enabling timely updates and adjustments. Historical data can also be incorporated for comparison and trend analysis. The software’s data visualization and analysis features further enhance the reporting cycle by offering valuable insights and aiding in data-driven decision-making.
ESG software combined with human expertise
When considering software solutions for ESRS reporting, it’s important to make sure it’s up to date with the evolving standards. Position Green’s ESG experts work closely with product development to ensure that the software is of the highest quality, incorporating years of experience and industry knowledge.
Moreover, the software is designed to seamlessly integrate with existing systems, including financial softwares or HR systems as well as other standards and frameworks such as the EU Taxonomy or the GHG (Greenhouse Gas) Protocol. This flexibility enables organisations to leverage their current investments while benefiting from the features and functionalitie
The financial materiality scoring methodology embedded in the software is based on ESRS requirements as well as best practice and expertise from Position Green’s in-house advisors. It consists of the following criteria:
An assured software solution
Even if you are not required to publish a report until 2026 or 2028, tracking and gathering the relevant data does take time and we strongly advise to already get started. Users can input their existing data, such as Greenhouse Gas Protocol information and policy documents, and begin structuring their data collection plans. The software provides reporting templates based on the current drafts, giving organisations a head start in their preparation. Regardless of any future changes or tweaks in the final draft, we will accommodate the evolving requirements.
