Our cloud platform able to capture data, process them and create comprehensive reports according to the actual ESG standards. The platform entirely covers reporting of Scope 1, 2 & 3, the science-based targets as well as the reporting standards in the field such as GRI, IFRS, etc. Our report covers the entire spectrum of industries involved in the process such as EFRAG (European Financial Reporting Advisory Group). Doe to the modern technology implemented for trust and traceability such as Blockchain Technology, the platform is completely auditable. The platform can use different sources of data that makes it adapted to any digital maturity of the reporting company as well as for the companies belonging to ecosystems- and the business ecosystem is fundamentally important for sustaining sustainability policies.
The controlling system is a real time approach that shows instantaneous pictures and trends in carbon emissions. Beside the reporting part, the controlling module is playing an important role in setting up the sustainability strategic framework for companies and policy makers. For these reasons, companies have adopted sustainability management control tools (SMCTs) that, on the one hand, are geared towards measuring and communicating the social, environmental and financial performances needed to improve management, direct employee behavior and support decision-making processes. On the other hand, they improve the reliability of sustainability disclosures, allowing smoother and more effective communication between the company and outside world, thus facilitating stakeholders’ engagement. Briefly, Enterteq controlling module provides a continuous measurement of the reporting company’s trends in carbon emission KPIs for a rational support of the decision-making framework and for the professional creation of normative spaces within the organizational structure.
That revolution is being led by the IFRS Foundation, the body that oversees the work of the International Accounting Standards Board (IASB) in setting financial reporting requirements for most companies in the world, across more than 140 jurisdictions. (In the U.S., these requirements are set by the Financial Accounting Standards Board, or FASB). This past September, the IFRS Foundation proposed and put in practice the creation of a parallel Sustainability Standards Board (SSB). The IFRs Foundation is well-placed to make this proposal. That’s because of its expertise in the standard- setting process, its legitimacy in the corporate and investor community, and its support from regulators all over the world. If its proposal is adopted, investors and other stakeholders will suddenly have a much clearer view of any company’s sustainability performance—just as they do its financial performance. Most companies already issue sustainability reports, of course, but these are divorced from their financial reports, making it difficult to see the relationship between financial performance and sustainability performance. The SSB would make it possible for the ideal of integrated reporting to be realized. And the FASB would be able to build on this work in the United States. The carbon emission is becoming a reporting currency. Accounting approaches the new trends in sustainability reporting conceptualized by some well-known thinkers and practitioners.
For many companies, the topic of sustainability is at the forefront of business agendas. Consumers and stakeholders are demanding greater accountability from organizations, and the regulatory environment is becoming increasingly stringent. However, pursuing the environmental, social, and governance impacts of business is often met with tension. Leaders now need to manage the misconception within business that meetingsustainability goals means compromising profits. In their seminal work Balanced Scorecard, Robert Kaplan and David Norton opened a thinking framework for designing strategic management models. Enterteq’s experts capture the logic of Balanced Scorecard and create a specific framework for GHG emission policies and standards. The module covers capture all the policy KPIs by designing the logical relationships among them.
