Sustainability reporting provides a complete overview of your company's CO2 emissions and demonstrates how you can easily become greener and more sustainable.
Sustainability reporting is a process where organizations evaluate and communicate their impact on society and the environment, as well as their efforts to promote sustainable practices.
With increasing focus on environment and climate, many businesses and enterprises face requirements to document their environmental impact in accordance with the directive. The Transparency Act and carbon accounting are examples of such requirements. The Transparency Act is increasingly required of more companies to ensure transparency in reporting.
Having clear carbon accounting (or environmental accounting) is not just a way to comply with these requirements; it also provides an opportunity to define sustainability goals and work concretely towards them.
The accounting plays a crucial role in sustainability reporting, offering a measurement tool for continuous improvement in small and large enterprises.
Carbon accounting provides a detailed overview of your company's CO2 emissions from the past year, highlighting the importance of environmental efforts and resource utilization.
By being transparent about strong sustainability practices, your company can appear attractive to major clients.
Requirements for public procurement are becoming increasingly stringent. When your company is Eco-Lighthouse certified, its market position and brand are strengthened.
For many businesses, sustainability reporting has evolved from a voluntary practice to an indispensable part of corporate governance, especially for new companies. In this article from Energihuset, we will examine why sustainability reporting is crucial, whether it is legally mandated, and which enterprises must implement it in Norway.
With Energihuset's tool, you receive a report ready for publication on your website, in your annual report, or for clients and suppliers. You can also get guidance for improvement on each reported emission point, in accordance with the Accounting Act. Through our reports, we provide you with the keys to transform your business to become greener and more sustainable.
We have listed the questions we are most frequently asked regarding sustainability reporting.
Sustainability reporting is a structured and detailed presentation of how an enterprise impacts the environment, society, and economy. The report includes information on environmental impact, such as CO2 emissions, resource consumption, and waste management, as well as measures for sustainable development and fulfillment of corporate social responsibility. The purpose is to foster transparency and accountability towards stakeholders, while simultaneously strengthening the company's sustainability strategy and competitiveness.
Requirements vary depending on the enterprise's size, industry, and geographical location. Starting from the financial year 2024, new sustainability reporting requirements will be introduced in Norway, based on the EU's Corporate Sustainability Reporting Directive (CSRD). These requirements apply to various types of undertakings and will be implemented incrementally over several years.
Phased implementation of the reporting obligation:
Financial year 2024 (reporting in 2025):
Financial year 2025 (reporting in 2026):
Financial year 2026 (reporting in 2027):
The main requirements for sustainability reporting:
It helps improve the company's environmental profile, strengthens its market position, and is often necessary to comply with regulatory requirements and customer expectations regarding sustainability.
Sustainability reporting provides better insight into risks, helps companies reduce costs, improve their reputation, comply with legal requirements, and attract both customers and investors who value sustainability.
A sustainability report may include information on the company's environmental impact (such as emissions and waste), social aspects (such as working environment and community engagement), and economic responsibility (such as transparency and ethical business practices).
Reporting identifies sustainability-related risks, such as climate change or social challenges, and helps companies anticipate and manage these risks before they negatively impact business operations.
By identifying areas for improvement, companies can save money on energy, reduce waste, and optimize resource utilization, which can lead to reduced operating costs.
By identifying and reporting greenhouse gas emissions, your company can implement effective measures to reduce emissions, enhance sustainability, and comply with sustainability reporting requirements.
Yes, we provide advice and guidance on how to effectively implement the identified sustainability measures.
The EU's Corporate Sustainability Reporting Directive (CSRD) mandates companies, including small enterprises, to prepare their sustainability reports with the same quality and priority as their financial reporting. CSRD aims to contribute to the transition towards a sustainable and inclusive economic and financial system, in accordance with the European Green Deal and the UN Sustainable Development Goals.
We would be delighted to hear from you.
Skip to content
