ESG, Sustainability and Non-Financial Reporting

Who is the course suitable for:

The training is intended primarily for participants who need to understand ESG reporting requirements, become familiar with the obligations arising from the CSRD directive and ESRS standards, and ensure their successful implementation.

It is suitable for companies preparing for mandatory reporting under the second wave of CSRD, for companies already reporting under the first wave that will transition to the revised ESRS standards, and for organizations seeking to meet the expectations of the market, business partners, banks, and investors. The training is suitable for:

• ESG managers and specialists,

• Professionals in finance, controlling and reporting,

• Compliance, risk management and internal audit specialists,

• Senior executives and strategic managers,

• Representatives of small and medium-sized enterprises seeking to prepare for the requirements of customers, banks or investors.

Course description:

Sustainability reporting requirements are becoming an increasingly important part of corporate governance and communication with investors, customers, business partners, and other stakeholders. The European ESG reporting framework is primarily based on the CSRD directive and the ESRS standards, which define the sustainability information that companies are expected to disclose.

This course provides a practical introduction to ESG reporting, focusing on the application of the latest version of the ESRS reporting standards and voluntary reporting standards (formerly VSME).

Topics covered:

• Overview of sustainability reporting requirements in the EU:
  • Criteria and timeline for large companies (particularly those expected to report under the second wave of CSRD),
  • Voluntary reporting options for SMEs,
  • Reporting requirements and exemptions for subsidiaries of international groups.
• Practical recommendations for the first reporting cycle and subsequent reporting periods based on lessons learned from the first wave of CSRD reporting,
• Common challenges and pitfalls in ESG reporting implementation,
• Introduction to reporting under the EU Taxonomy,
• Understanding the structure of the ESRS standards and practical tips for working with them,
• Requirements of the cross-cutting standards ESRS 1 (General Requirements) and ESRS 2 (General Disclosures),
• Approach to conducting a Double Materiality Assessment (DMA) under simplified requirements, including practical examples of methodology and outputs (impacts, risks, and opportunities),
• Consideration of the value chain in DMA, reporting, and data collection, including limitations applicable to small and medium-sized enterprises,
• Understanding the requirements of environmental, social and governance reporting standards:
  • Environmental: E1 Climate change, E2 Pollution, E3 Water and marine resources, E4 Biodiversity and ecosystems, E5 Resource use and circular economy,
  • Social: S1 Own workforce, S2 Workers in the value chain, S3 Affected communities, S4 Consumers and end-users,
  • Governance: G1 Business conduct.

Course details:

Time: 2 days
Tutor: Radka Nedvědová

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The Taxonomy is an EU regulation aimed at directing private finance towards sustainable activities. It provides a unified classification and definition system for economic activities that are considered sustainable by the EU with regard to the set objectives of the EU. Additionally, it imposes disclosure obligations on companies and groups operating within the EU.

The implementation of taxonomic reporting is a complex discipline that requires thorough knowledge of regulations and related European legislation.

Who is the course suitable for:

This course is intended for anyone involved in creating a taxonomic report within a company's Sustainability Report or auditing it. It is also suitable for those participating in implementing taxonomy into corporate processes. Those who already have knowledge of the taxonomy but wish to learn more about the proposed changes within the Omnibus package will also benefit from this course.

Course description:

In this course, you will learn about the requirements for assessing and reporting economic activities according to the EU taxonomy. We will cover all stages of the process from initial screening of a company's economic activities to writing the taxonomic report. The course also includes the context of the taxonomic regulation within the European sustainability legislation, a detailed introduction to all relevant regulations that constitute the taxonomy, practical exercises, and tips and tricks from practice.

Topics covered:

• Identification of eligible activities,
• Analysis of technical screening criteria,
• Evaluation of compliance with minimum safeguards in the field of human rights,
• Method of creation and calculation of mandatory KPIs for non-financial institutions, 
• Structure of the taxonomy report,
• Proposal for changes in the taxonomy submitted within the Omnibus project.

Course details:

Time: 1 day
Tutor: Lenka Daniševská / Matěj Schánilec

This course runs only in an in-company format.

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European regulation, finance providers and major customers are requesting information on carbon footprint of a company or its products. Join us to learn what are the components of carbon footprint, how to calculate and how to decrease it.

You will learn about the following topics:

• Greenhouse Gas emissions – what are they and how to measure them:
  • Scope 1 (direct emissions),
  • Scope 2 (indirect energy-related emissions) – location vs. market-based method,
  • Scope 3 (other indirect emissions) – downstream, upstream,
• Emission factors, CO2 equivalents,
• Company carbon footprint,
• Product carbon footprint,
• Carbon neutrality vs. Net Zero – offsets and compensations,
• Carbon footprint measurement and reporting standards – GHG Protocol, ISO 14064, ISO 14067, CDP,
• Carbon footprint calculation – phases, boundaries,
• Decarbonisation – SBTi, goals and means of reduction.

Course details: 

Time: 1 day
Tutors: Jana Holková, Jana Neuhäuserová​

This course runs only in an in-company format.

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The double materiality assessment is one of the first and most critical steps in preparing for sustainability (ESG) reporting in accordance with the CSRD directive and the Act on Accounting. It determines which topics the company will include in the mandatory sustainability report. The requirements for this assessment are outlined in the ESRS 1 standard. The process and results of the assessment are among the information that must be disclosed in the sustainability report. A well-conducted and robust analysis provides the foundation for further preparatory steps, while underestimating it can lead to complications in later stages of the reporting process.

Who is the course suitable for:

The course is suitable for those, who will coordinate or collaborate on the preparation of mandatory ESG reporting to meet the requirements of ESG regulations – CSRD and ESRS. It will also meet the needs of auditors, who will provide assurance on the sustainability reports of their clients. The course can be taken independently or in combination with other courses on the ESRS standards.

Course description:

The course will not only introduce you to the ESRS standards' requirements for conducting and reporting on the double materiality analysis, but also provide practical examples of how to approach each phase of the assessment. The methodology details are at each company’s discretion (e.g., the way of scoring the impacts, risks, and opportunities), so it is important to understand different approaches and their implications. The training will also include practical exercises, allowing you to try out the assessment process.

Topics covered:

• Requirements for Double Materiality Assessment:
  • Process according to ESRS 1,
  • Disclosure on process and results according to ESRS 2 requirements,
  • Non-binding implementation guidance and answers to frequently asked questions (EFRAG),
• Key terms:
  • Impact and financial materiality,
  • Impacts (incl. their classification), risks and opportunities,
• Phases of the assessment - step by step approach:
  • Understanding (mapping the context):
    • Own operations,
    • Value chain,
    • Stakeholders,
  • Identification of impacts, risks and opportunities (including practical examples):
    • Sustainability matters covered by ESRS standards,
    • Industry- / sector-specific or company-specific matters, not (yet) addressed by ESRS,
  • Materiality assessment (including practical exercises):
    • Evaluation criteria (characteristics of impacts, risks and opportunities),
    • Possible ways of determining materiality (examples of scoring, scales, calculations),
  • Determining the material topics for sustainability reporting:
    • Setting the materiality threshold (value, matrix),
    • Validation of results (internally, externally),
    • Mapping to the disclosure requirements (what will / will not be covered in the report).

Course details:

Time: 1 day
Tutor: Radka Nedvědová

This course runs only in an in-company format.

Contact us for more details