Brief Description

Sustainability reporting and verification are critical aspects of an organization’s commitment to environmental, social, and governance (ESG) responsibility. They encompass the transparent communication of an organization’s ESG performance and practices, often guided by internationally recognized frameworks such as the Global Reporting Initiative (GRI) Standards, AA1000, regulatory requirements like the European Sustainability Reporting Standards (ESRS), and the Greek Sustainability Code. Verification plays a pivotal role in ensuring the accuracy and credibility of these reports.

Detailed Description

Global Reporting Initiative (GRI) Standards: The GRI Standards are universally acknowledged guidelines for sustainability reporting. They offer a structured framework for organizations to report their ESG impacts, fostering transparency and accountability. Adhering to the GRI Standards allows organizations to convey their sustainability endeavors to stakeholders, align with international best practices, and drive responsible business practices.

AA1000 (AccountAbility): AA1000 is a comprehensive framework for sustainability assurance and stakeholder engagement. It provides organizations with a systematic approach to assess, verify, and enhance the credibility of their sustainability reporting. AA1000 underscores inclusivity, materiality, and responsiveness to stakeholders, enabling organizations to build trust and transparency.

European Sustainability Reporting Standards (ESRS): ESRS, part of the Corporate Sustainability Reporting Directive (CSRD), mandates sustainability reporting for certain European Union (EU) organizations. It sets standardized sustainability reporting practices across the EU, ensuring consistency and comparability in ESG disclosure.

Athens Exchange (ATHEX) ESG Framework: The Athens Exchange (ATHEX) ESG framework plays a pivotal role in advancing sustainability practices within the Greek financial market. It encourages listed companies to disclose their ESG performance, fostering transparency and responsible business practices. ATHEX ESG reporting enhances the credibility of Greek companies’ sustainability efforts and aligns them with international standards.

Greek Sustainability Code:  The Greek Sustainability Code is a national framework that encourages Greek organizations to report on their sustainability performance. It offers guidelines and principles specific to the Greek context, enabling organizations to demonstrate their commitment to ESG responsibility within the Greek business landscape.

Who is it for?

These frameworks and verification processes are applicable to a wide range of organizations and industries globally. They are suitable for:

• Companies committed to transparent and credible sustainability reporting and disclosure.
• Organizations seeking to align with international best practices, regulatory requirements, or stakeholder demands for ESG transparency.
• Entities aiming to build trust with investors, customers, employees, and other stakeholders through third-party verification.

Benefits of Implementation By implementing these frameworks and undergoing third-party verification, organizations can realize various benefits:

• Enhanced Credibility: Third-party verification enhances the credibility and reliability of ESG disclosures and sustainability reports.
• Stakeholder Trust: Verified reports build trust among stakeholders, demonstrating a commitment to transparency and accountability.
• Compliance: Compliance with relevant standards and regulations is ensured, reducing the risk of non-compliance.
• Competitive Advantage: Organizations gain a competitive edge by showcasing their commitment to responsible ESG practices and meeting stakeholder expectations.
• Sustainable Business Practices: Implementation encourages the adoption of more sustainable business practices, contributing to environmental and social responsibility.

Who do I contact for more information?

Customer Service Department Contact Person: Anna Topaltziki Phone: +30 210 5220920, ext. 2064