Achieving successful and practical sustainability reporting with phiyond

Sustainability metrics remain vital for businesses. At phiyond, we help companies recognise these metrics as strategic tools to guide their transformation. Reporting on transformation successes should be done in a clear and standardised way. Rather than viewing sustainability reporting requirements as an administrative burden, we see them as a valuable means to measure and compare business performance. The advantages of consistent reporting for both equity and debt investors are undeniable. While sustainability reporting can be complex, it also unlocks new business opportunities.

phiyond supports businesses in meeting legal and industry standards while effectively communicating the associated opportunities, both internally and externally. Current regulations are evolving, driven by the European Commission’s Omnibus Package and Germany’s coalition agreement. However, the direction is already clear, and there’s no reason to delay action when it comes to transparency. We provide assistance with compliance under the Corporate Sustainability Reporting Directive (CSRD), the Voluntary Reporting Standard for SMEs (VSME), the EU Taxonomy, the European Supply Chain Directive (CSDDD), and the proposed International Corporate Responsibility Act (formerly the German Supply Chain Due Diligence Act [LkSG]).

Beyond compliance, phiyond offers training and internal change management to ensure employees are fully engaged, strategies and visions are embedded across the organisation, and goals are continuously reviewed and achieved.
 

Practical Sustainability Reporting

The requirements for sustainability reporting are more demanding than ever. To support businesses in managing complex reporting obligations, we follow a practical, modular process tailored to the unique needs of your organisation:

1. CSRD/VSME Readiness Check: Conducting a gap analysis of your existing reporting practices against legal or standardised requirements, followed by the development of a clear implementation plan.
2. Double Materiality Assessment: Identifying and assessing Impacts, Risks, and Opportunities (IROs).
3. Sustainability Strategy Development: Creating a framework for implementing CSRD or VSME standards while unlocking new opportunities through the transformation of your business model.
4. Data Collection and Analysis: Building a robust foundation for sustainability reporting and strategy, based on essential ESG Key Performance Indicators (KPIs) aligned with ESRS-KPIs and informed by the materiality assessment.
5. Governance: Establishing effective corporate processes and defining clear responsibilities.
6. ESG Reporting: Producing a credible sustainability report that complies with ESG regulations, such as CSRD-ESRS.

At phiyond, we provide end-to-end support to ensure your sustainability report is professional, credible, and fully compliant. Through our partnerships with auditors, we can also arrange external audits, ensuring your report meets the requirements of CSRD-ESRS, VSME, and other reporting frameworks.