Numbers tell a story in business
During the debate, Piotr pointed out that the changes facing Polish entrepreneurs are a global trend that can no longer be reversed. This is demonstrated by the behavior of global investment funds. Companies in which these funds have a significant stake must prepare a so-called strategic outlook, i.e. what changes in the climate mean for a particular business and how we will report on efficiency and capital allocation.
– The increase in the value of assets managed by these funds over the past five years was almost 550%, from $16 to $87 trillion. On a global scale, this means that these changes are not isolated, but a trend. Numbers are there to tell a story, but that story must be consistent with everything else we are telling the market about how we will be competitive, how we will be better, or how we will make money. And it’s just how deeply climate change will be linked to our strategy that must be consistent with all other information provided to the market,” said our CFO during the debate
The European Union strongly supports sustainable and responsible actions by companies. At the end of February 2022, the European Commission submitted a proposal for the Directive on corporate sustainability due diligence. According to experts, these are only the first stages of the “green transformation” and the first sets of obligations for companies.
„There is no other way for businesses that want to grow and strengthen”
What should a good ESG report look like
One of the more important questions asked during the debate was: what should a good ESG report look like.
–A report must contain specific numerical indicators, be accurate, complete, and address the needs of investors, on one hand. On the other hand, the report must also show how the company creates value, what the organizational culture is like, and what practices and actions are taken. The reports must primarily show the true face of the organization and it is not worth glossing over reality, said Maria Ibisz from Deloitte.
Experts also agreed that, thanks to reporting and taxonomy, understood as a set of regulations at the European level, it will be easier for investors to make financial decisions, assess risk, and conditions. According to experts, if we rely on research results among companies that report in an integrated manner, 85% of them indicate that reporting improved decision-making processes and strategic planning for the future.