ESG

“Artificial intelligence” sees ESG as a “challenge”, we will help you overcome this challenge through our verification of ESG reports.

ESG through the eyes of “artificial intelligence”

ESG reporting refers to the obligation of companies and financial institutions to publish information about their performance in the area of environmental, social and governance responsibility. This kind of reporting has become an integral part of the European Union’s efforts to achieve sustainable development and the fight against climate change. The European Union has adopted new directives that set obligations for companies and financial institutions regarding ESG reporting. These directives entered into force in 2021.

Under the new guidelines, companies with more than 500 employees are required to disclose information about their ESG performance. This obligation also applies to companies that are publicly traded on stock exchanges within the European Union. These companies must disclose information about their ESG policies and the results of their measures in this area.

ESG reporting includes, for example, information on reducing greenhouse gas emissions, measures to improve air quality, reducing energy and water consumption, measures to prevent corruption and respect for human rights. This information is intended to help investors and consumers understand how companies are responsible and how they contribute to sustainable development.

ESG reporting therefore represents a new challenge for companies and financial institutions within the European Union. It forces them to be more transparent and accountable to the public. Companies must ensure that their information is accurate and up-to-date in order to provide investors with relevant information for making investment decisions. This kind of reporting presents an opportunity for companies to prove themselves responsible and sustainable and to improve their ESG performance.