Uvod

  • Introduction

    An image representing ESG

    Environmental, Social and Governance - ESG has become a new buzzword, predominantly used in connection to the business world. 

    E - stands for environmental, S – stands for social and G - stands for governance. 

    Companies are now asked to report on their environmental impact, their impact on society as well as disclose how they are governed. This so-called non-financial reporting has become equal to annual financial reporting. Investors, governments, as well as the public wants to hold the companies accountable for their activities and therefore ESG reporting is an essential tool to achieve this. 

    ESG is thus a great opportunity for Social Enterprises to show and disseminate their positive social and/or environmental impact and to build up new connections with large companies, which would like to improve their ESG score and make a more positive impact via collaborations with social enterprises.

  • Environmental impact "E"

    Activities like burning fuels, discharging chemicals, and changing arable land to industrial space affects air, water, and soil, and may harm biodiversity and ecosystems. Collectively, we call these with environmental impacts.

    A structured approach to assess and address them comprehensively as a company is offered by EU taxonomy and ESRS standards. These frameworks require large companies to report on five key areas:

    1. Climate change
    2. Pollution
    3. Water & marine resources
    4. Biodiversity
    5. Circular economy

    The unit addresses the topics separately and presents information on the environmental impacts associated with them.