ESG reporting solutions for ESRS

Speeki is a leader in software for ESG management and reporting. We help define ESG, build ESG and report ESG through our simple-to-use platform combined with our consulting and assurance expertise.

As an ISO-accredited certification body, we are a leader in ESG assurance, providing ESG report assurance, corporate due diligence assurance and ISO certifications for ISO 37001 and ISO 37301.

Our focus at Speeki is to turn your ESG and sustainability initiatives into a valuable business process that creates a competitive advantage for your organisation.

ESG and sustainability are now business imperatives that add value. Real leaders take sustainability seriously.

Customers expect great ESG

  • Your key stakeholders, especially your customers, are already actively expressing their preferences and making decisions. They choose who they want to do business with - and that list is changing very quickly.

  • Every organisation now needs to consider ESG and how to leverage it for their business. It is no longer a 'wait and see' what will come of ESG. Customers and stakeholders want to see action.

  • No one wants to work with companies that disrespect workers, treat race or gender inequitably, pay bribes, pollute the environment or engage in unsustainable practices.

ESG makes better businesses

  • Building ESG will challenge companies to look deep into their purpose, their values and their principles. Doing so helps decide the sort of company you want to be and helps articulate that proposition to the market.

  • Poor integrity, poor workplaces, poor employee relations, a corrupt sales process, engaging in fraud or misleading conduct, is never great for businesses. ESG programmes with a focus on Society and Governance will strengthen your systems and build a stronger brand.

  • Challenging your sustainability practices, carbon usage, waste management and other key areas can reduce cost, and potentially identify key cost saving initiatives that previously may not have been possible.

Drive value in your ESG Brand

  • Leverage ESG to attract more customers through being a 'safe option' and actively showing customers how you manage and embrace ESG.

  • Obtain an independent ESG certification, the best evidence to show the World your commitment and leadership in key ESG areas.

  • ESG Ratings of your programme show where you have done great and where you have room to improve.

  • Leverage is key to prove value to your company and its key stakeholders.

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Mandatory and voluntary reporting is already here

  • The number of countries that require some form of reporting on ESG matters has increased to 80+ countries. The list is growing and will likely top 100+ countries in a year.

  • There are 2,000+ ESG regulations, and 1,500+ Reporting Indicators globally.

  • Some of these regulations are new and some have been around for many years but seen from a different light. ESG is shining a light on old laws that are taking on a new purpose.

  • What is clear is that these areas will continue to develop and will expand significantly.

The topics covered by reporting are significant and increasing. Here are some examples.

  • Swiss public companies, banks and insurance companies with 500 or more employees and at least CHF 20 million in total assets or more than CHF 40 million in turnover, are obliged to report publicly on climate issues.

  • Dutch companies who sell or supply goods/services to Dutch consumers must investigate and report on whether the production of their goods and services has involved child labour. They must also create a plan to prevent child labour within their supply chain if there is any. The law is due to come into effect in mid 2022.

  • Australia ASX Listing Rule 4.10.3, which applies to all companies listed on the ASX, requires companies to annually disclose the extent to which they have followed the recommendations set by the ASX Corporate Governance Council. This includes the establishment and disclosure of a code of conduct to address issues related to the community, pollution and environmental controls and how sustainability considerations have been integrated into the company's risk management process.

  • India produced the 'National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business'. These guidelines contain comprehensive principles to be adopted by companies as part of their business practices and a structured business responsibility reporting format requiring certain specified disclosures, demonstrating the steps taken by companies to implement the said principles.

Build first. Report second.

  • It is wrong to focus everything on reporting. You need to have the data in order to report. There is no quick fix on reporting, because you need to have established programmes first.

  • You cannot build a system to report on every single matter required in every country. You need to build an ESG system that is more general and be able to produce reporting in any format, any time and from any device.

  • Companies need to focus on building programmes and building the data in those programmes. Otherwise, reporting will simply be impossible or be misleading, which could be seen as greenwashing.

  • Poor or inaccurate reporting is becoming an offence in some countries with both criminal or civil liability.

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Build a sustainable future

  • The jury is back and has clearly decided that the planet is suffering and needs active steps to improve the effects of climate change.

  • Establishing solutions for managing the effects of climate change can have direct profitability enhancements when solutions are driven by technology.

  • Your stakeholders including customers, partners, vendors, suppliers and investors demand that companies take their share of responsibility and drive new solutions to manage climate change.

  • Sustainability also means making a longer term view of businesses and how they can contribute to a more 'sustainable' and predictive future.

  • Companies have a choice to be a leader or a follower. Companies with great ESG are leaders.

Build a better community

  • The establishment of CSR practices in the years 2010-2020 established a strong community engagement practice for companies. ESG takes that further to fuel further development and expansion of the community value of ESG.

  • ESG will challenge you to think about supply chains and the massive disruption in 2020-2023 that caused significant corporate distress. ESG may help to direct attention to different or even local markets for sourcing, reducing cost and supporting local markets.

  • The brand value of engaging locally and building strong community links helps to develop goodwill and credits for when challenging times are ahead.

  • Your workplace is most likely local or becoming more local as remote workers return to offices. Good ESG helps to engage, develop and build a community around the workplace which is essential to attract talent in a demanding and ever-decreasing talent pool.

Drive human rights and protections

  • The 'Social' in ESG is growing in its significance and if implemented correctly by companies can help to build staff rapport and reduce turnover.

  • ESG helps to establish strong diversity, equity and inclusion and build a stronger workplace base. The strength of a strong workplace helps establish goodwill and consistency of the talent pool.

  • Social also helps build a stronger supply chain by ensuring protections around human trafficking and modern-day slavery. Great ESG will build a stronger and more compliant supply chain.

  • All employes should have a sense of protection, fairness, equity and the ability to speak up without fear of retaliation. Building that strength across the workforce will build a culture associated with openness, speaking up and feedback.

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Program improvement

ESG reporting through ESRS and other standards requires a common system. Speeki developed a framework known as Engage™ that lets you build once and report many times through many standards.

Speeki uses its own simple framework to help companies manage their ESG and sustainability initiatives. Welcome to Speeki's Engage framework.

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ESG regulations already apply in more than 80 jurisdictions

More than 800 authorities have already implemented ESG reporting obligations in more than 80 jurisdictions, and those numbers are rapidly growing. The time to get focused is now.

There are over 2,700 regulations already in place globally that require over 100 subject areas to be reported on, ranging from labour issues in one country through to carbon reporting in another. The areas are extremely broad and cover a significant part of business.

Reporting may seem challenging, but the larger concern lies in effectively collating the necessary data across your company.

ESG and sustainability is a revenue opportunity, not a cost centre

A recent study by IBM found that 76% of respondents said that ESG is central to their business strategy.

The same study showed that 72% of respondents were approaching ESG as a revenue opportunity rather than a cost centre, and 52% of respondents were more likely to report that ESG efforts have ‘a very great’ impact on profitability.

This study and many others like it show the unique opportunity for companies to leverage ESG and drive profitability.

Top ESG risks investors worry about
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The vast majority of companies lack the data to even consider ESG and sustainability reporting

The IBM study found that almost half of responders identified inadequate data as their organisation’s biggest challenge to advancing its ESG agenda.

Almost three quarters cited an overload of manual data as a challenge, and 70% reported difficulty consolidating or manipulating data as their challenge.

These challenges, combined with the fact that another 70% cited poor transparency in data calculations and 69% reported difficulty in mapping data across brands and geographies, means that without a clear ESG strategy it will be virtually impossible to report ESG to regulators.

Why focus on ESG and sustainability?

Prevent a crisis

ESG is made up of around 20 different areas. The more you identify those areas, understand them and manage them, the less likely it is that an issue will become a crisis. ESG is risk management at its best.

It is (or will be) the law

If you are not already reporting some aspect of your ESG metrics and results, you will be soon. The ever-increasing reporting requirements and regulatory oversight already cover over 2,000 requirements in more than 80 countries.

Better returns

There is a large body of evidence that shows that companies that manage ESG well produce greater returns. ESG makes financial sense, creating more customer engagement, more interest from investors, and more opportunities for cost controls.

Save costs

With a large number of issues falling into ESG and increased oversight by the media, the community and regulators, it is only going to be a matter of time before there is a failure that leads to costly repairs and fines. Building ESG is preventing failures in risk.

Save the planet

Every company and every individual has a role to play in rebuilding and repairing the planet. It is clear that companies that have a strong ESG programme are building their principles on climate change and sustainability.

Reduce turnover of staff

All employees want to work in a safe, equitable workplace that is free from harassment, discrimination and unfair practices. Expectations from new generations of workers are high and the success of developing and maintaining a workplace are part of that future success.

Do you want to be a leader or a laggard in ESG and sustainability?

In today’s business world reactive risk management is no longer a viable strategy – by the time you detect a serious issue, the damage to your business and stakeholder group is usually extensive. Speeki gives you a new set of predictive tools, allowing you to be proactive in your risk management and solving issues as they emerge.

Good ESG management systems

ESG and sustainability are not one function – it takes a group to leverage great ESG and get value for stakeholders

See how customers across a range of business areas are using Speeki to deliver next-generation ESG risk management solutions.

  • For compliance

    Move beyond box-ticking to value creation

  • For ESG

    Supercharge your ESG initiatives and keep protecting your brand

  • For HR

    Companies succeed at ESG because of their people

  • For legal

    Manage risk and regulatory oversight and avoid fines

  • For C-level

    Data is the new oil – transform ESG information into ESG solutions

  • For supply chain

    Achieve supply chain resiliency amid interruptions

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You’re in the best of company

Ramp up your ESG reporting for ESRS and other country-based standards with Speeki

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