New requirements for sustainability reporting
ESG reporting is one of the biggest changes in reporting procedures in recent times. The new requirements for ESG reporting come into effect from 2024 and are intended to support a sustainable transition in terms of both environmental, social, and corporate governance issues.
With VIS Performance, all data relevant to your ESG report is automatically collected from various sources. With multi-user access, several users can analyze, input data, and comment on the report simultaneously.
Automate your ESG reporting with VIS Performance:
- Automatic data collection across source systems
- Direct data input into the software
- Forecasts for emissions based on activities
- Multi-user access
- Auto-generated reports based on official templates, created in collaboration with the auditing firm Roesgaard
- External data sharing with partners in the VIS2Go Cloud
What the ESG reporting should include
ESG stands for Environment, Social and Governance.
For large companies (accounting class C large and D), the Accounting Act already requires that the management report includes a statement on social responsibility. If your company has internal policies on social responsibility, these must be accounted for.
Starting in 2024, all large companies must report on their work with sustainable transition. As something new, social issues such as diversity, inclusion, and CSR initiatives must be included in the reporting.
Environment
CO2 emissions, energy consumption, water and air pollution, waste management, and energy efficiency.
Social
Workplace accidents, sick leave, gender diversity, education and training, and employee satisfaction.
Governance
Salary differences, composition of the board, GDPR, management relations, as well as ethics and anti-corruption policies.
ESG reporting in VIS Performance
DATA COLLECTION
All data that can be collected from source systems is automatically retrieved. Manual data can be entered directly into the software, so all data is gathered in one place.
SCOPE 1
Direct emissions
Emissions that are directly caused by your own activities (such as burning of oil and gasoline).
SCOPE 2
Indirect emissions
Emissions through the energy you purchase (such as electricity and district heating).
SCOPE 3
Emissions in the value chain
Emissions associated with the products and services you use throughout the value chain.
CALCULATION
VIS performs all necessary calculations based on official standards.
GHG-Protokollen
The internationally recognized and most widely used standard for calculating CO2 emissions. Recommended, among others, by the European Commission. The purpose is to ensure uniform reporting across industries.
Forbrug
Liters of diesel, kWh, and m3.
RESULTS
All data is visualized in dashboards and customized reports.
Example of ESG reporting
An example of ESG reporting could be a company reporting on energy efficiency and the use of wind and solar energy.
Environment
- CO2-emissions
- Energy efficiency
- Use of renewable energy
- Waste management and recycling
- Use of chemicals and their impact on the environment
Social
- Work-related practices, including wages and working hours
- Diversity and inclusion
- CSR initiatives and community contributions
- Human rights policies and procedures
Governance
- Management structure and procedures
- Corruption and compliance policies
- Share ownership and voting access
- Reporting and Disclosure Practices
Publication of
ESG report
The ESG report may be publicly available on the company website or through third-party reporting sources.
Discover VIS Performance in action
Request a demo and experience how VIS Performance automates, streamlines and innovates financial and strategic processes in your organization.
ESG reporting in VIS Performance
VIS Performance is the perfect tool for data collection. VIS Performance automatically collects data from all relevant data sources, while manual data input can be added from many different users simultaneously – directly in the software.
With ESG reporting in VIS Performance, it’s easy to collect large amounts of data across sources, which can then be fine-tuned and adapted to official ESG reporting guidelines. It’s also possible to add text and comments directly in the software, so you have all the information and data for the ESG report in one place.
The report can easily be exported to visual dashboards in the cloud and PDF files.
- Time-saving and efficient streamlining of ESG reporting
- Valid data is automatically collected
- Automatic calculation of emissions
- Data sharing with external collaborators
- Auto-generated reports
more than an esg tool
Automate all financial processes
With VIS Performance, all data is centralized in one place across source systems. With journaled write-back functionality, employees across the organization can access and add data directly in the software, so all data is gathered in one place from where they can work together and increase the efficiency and performance of the company.
ELIMINATE SPREADSHEETS
One solution for all users
- No user management - low data security when sharing
- Difficult to version control
- Lack of overview on progress
- Time-consuming process
- Complicated consolidation and elimination
- High risk of manual errors
- User management - high data security
- Version control
- Overview on progress
- Time saving and efficient
- Easy to consolidate, budget and forecast
- Locked forms - high security
Request a demo
Save time and improve accuracy with VIS Performance. Discover our platform by filling in your information.
discover our solution:
- Budgeting and forecasting
- Monthly Reporting
- Consolidation
- Sales & Operations Planning
- Customized dashboards
- Return on investment
Solid customer base
Our customers are the core of our business, and they have been since the very beginning in 1993.
