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Consultancy services for non-financial and sustainability reporting

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What is a Non-Financial Report?

The Non-Financial Report or Declaration is a document that contains information about an organization's economic, social, and environmental performance.

It is also known as a Sustainability Report. The implementation of this report or declaration is regulated by MPF Order No. 1938 / 2016 which transposes the EU Directive 95/2014 at national level.

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For who is applicable?

Reporting non-financial information is for all type of organizations.

Sustainability is an area of increasing interest, and the focus of organizations in this direction is essential. The report brings benefits both in the short and long term.
Moreover, starting with 2018, public interest entities that exceed an average of 500 employees are required by default to prepare such a report for the previous financial year.

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Why is it important?

The Sustainability Report presents general view of all non-financial issues of an organization.

In this way, internal and external stakeholders can have an easy access to information on how the organization is managing environmental, employees, human rights aspects and the anti-corruption and bribery matters. The Report facilitates a better understanding of the company philosophy, demonstrating transparency and creating a unitary image, both internally and externally.

Analysis

We determine the sustainability context specific to the organization and the sector in which it operates.

Using specific tools, our consultants carry out a complex research activity by collecting and interpreting data relevant for the elaboration of the Report.
The results represent an important basis for the second stage - Stakeholder Consultation.

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Stakeholder consultation process

The stakeholder consultation process is a very important step ensuring a relevant content of the Report.

Using our methodologies we ensure the development of a coherent process for identifying and prioritizing all stakeholders’ categories that may be relevant to an organization.

We ensure an efficient planning of stakeholder consultation actions using specific tools and methodologies.

Depending on each company, the consultation process can be organized at the level of each department or business line level or at general level.

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Non-financial information Materiality Matrix

In the realization of the Materiality Matrix, our consultants are taking into consideration both the organization specifics and the sector particularities.

Establishing the materiality level and presenting the most important non-financial topics in a Materiality Matrix is a process by which data collected are analyzed based on specific variables.

The materiality levels are expressed by two values: one representing the level of influence of the stakeholders on the non-financial aspects, and the second is the impact of the company on the environment, society and economy from the perspective of each non-financial aspect.

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Non-financial KPIs

At this stage, we identify together with each organization the key performance indicators specific to its activities, correlated with the sustainable development objectives assumed and in accordance with the reported methodology adopted.

For organizations interested in achieving a high level of sustainability performance, we develop management systems that enable them to continuously monitor the progress they make on each sustainable development goal.

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Data collection process

In order to ensure a high level of quality and reliability of the Non-Financial Report, we develop and use tools enabling the collection, verification and validation of the necessary information.

We implement this activity with the support of the organization after establishing the legislative requirements, the reporting standard or methodology, the non-financial aspects resulting from the materiality analysis, as well as the key performance indicators.

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Report realization and communication

Non-financial reports target different categories of stakeholders, each with different expectations.

For this reason, we set up effective report structures that allow an easy navigation, whether the report will be a print, an interactive PDF, or a web page.

In writing the Report, we are committed to use a terminology that allows information to be transmitted in a clear way to all stakeholder categories.
We analyze global reporting trends proposing the realization and implementation of modern graphical concepts that facilitate the transmission of the desired message.