Fraunhofer Institute for Production Technology IPTThe rules for preparing a sustainability report in Germany have so far primarily applied to large companies. Small and medium-sized companies are still excluded from the reporting obligation, but more and more companies are becoming subject to the reporting obligation due to EU directives. It is therefore advisable to act as a pioneer at an early stage and make a voluntary commitment.
Sustainability Report
Objective
Our experts developed a sustainability report based on the GRI standard for a German medium-sized company in the forging industry. The report was to consist of a main report and a management summary for different target groups as well as a basis for internal controlling.
Approach
As a first step, we worked with the client to develop a consistent understanding of sustainability that complies with the guidelines of the international GRI standard. We also identified and defined fields of action in the area of environmental sustainability.
In the second step, we analyzed sustainability initiatives that had already been implemented, including a review of standards and regulations. This analysis included the assessment of opportunities and risks arising from the business-relevant impact of society and the environment on the company.
Outcome
Based on the analyses carried out, we have prepared a sustainability report for the public and the company's employees. This report serves as the basis for annually updated reporting.
In addition, we have developed a data-supported basis for controlling that integrates sustainability-related key figures in the economic, environmental and social dimensions. This has created an above-average basis for the client to provide relevant information to investors.