Page 8 - Sustainability Reports 2021
P. 8

 CONCLUDING COMMENTS BY THE JURY
Edition 2022
8
            We welcome today’s sustainability reporting landscape which is getting towards more harmonisation with the initiatives at Euro- pean and international levels. We see that the upcoming European Directives (CSRD, EU Taxonomy, Due diligence) start to have a real impact on companies, especially on large companies but also indirectly on all SMEs. This is why it is essential to get prepared.
Although the Jury is aware of the high quality of the reports and of the efforts made by the organisations to present their perfor- mance in the wider context of sustainability and a general stra- tegic view of their sustainability, it would like to encourage partic- ipants to keep on striving for further improvements of their reports, particularly in the following areas:
— integrating ESG in governance and strategy;
— clarifying the stakeholder process and linking challenges to
the results of consultations;
— balancing the information provided to avoid “too good news
show”;
— benchmarking with other organisations and sector compar-
ison;
— (further) engaging in external assurance of non-financial infor-
mation.
With the regulatory evolutions, integrating sustainability in their business strategy and risk analysis has become a necessity for (almost all) organisations. However, sustainability is also an opportunity for companies as it enables to :
— identifyareasofgrowthbymeetingnewclient/consumer expectations;
— enhance reputation and meet employees’ expectations to act on social, environmental and governance challenges;
— meet (upcoming) regulatory and reporting requirements.
Pressure to change also comes from all over (media, social media, investors, stakeholders). It is time to (start) act(ing).
The organisations taking part in the Awards are already preparing for the new regulatory requirements regarding sustainability reporting and for increasing expectations from financial institu- tions or investors.
The Jury members congratulate all participating entities and encourage them to keep on establishing quality sustainability reports with clear reference to internationally recognized reporting standards (eg. ESRS, ISSB, GRI, TCFD, IIRC, SASB...).
The Jury would like to stress once again the growing development of integrated or combined reporting and is very proud that some Belgian entities are increasingly moving towards integrated reporting. The Jury congratulates them in particular on their efforts in this respect.
  Winners 2022
(available as from 29.11.2022)
ORGANISOR
Institute of Registered Auditors
Stéphanie Quintart s.quintart@ibr-ire.be
Roby Fele r.fele@ibr-ire.be
www.ibr-ire.be
CONTACT
sustainabilityreports@ibr-ire.be
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