Page 8 - TRENDS EDITION 2023
P. 8

 Edition 2023
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                      CONCLUDING COMMENTS BY THE JURY
      We appreciate the current state of sustainability reporting, noting its progress towards greater alignment with European and inter- national initiatives. The impending impact of European Directives (CSRD, EU Taxonomy, Due diligence) is evident, particularly affecting large companies and indirectly influencing all SMEs. Therefore, proactive preparation is deemed essential.
While acknowledging the commendable quality of submitted reports and the sincere efforts of organisations to present their sustainability performance within a broader strategic context, the Jury urges participants to persist in enhancing their reports. Specifically, the focus should be on:
— integrating ESG into governance and strategy,
— clarifying the stakeholder process and linking challenges to
consultation results,
— balancing information to avoid presenting an overly positive
image,
— benchmarking with other organisations and sector compari-
sons, and
— actively engaging in external assurance of non-financial infor-
mation.
In light of regulatory changes, integrating sustainability into busi- ness strategy and risk analysis is now imperative for almost all organisations. Yet, sustainability also offers opportunities, enabling companies to identify growth areas, enhance reputation, and meet expectations regarding social, environmental, and governance challenges.
Amid pressures from various sources such as the media, social media, investors, and stakeholders, it is crucial for organisations to act promptly. Participants in the Awards are already gearing up for new regulatory requirements in sustainability reporting and heightened expectations from financial institutions and investors.
The Jury extends congratulations to all participating entities and encourages them to continue producing high-quality sustaina- bility reports aligned with internationally recognized reporting standards (e.g., ESRS, ISSB, GRI, TCFD, IIRC, SASB).
Furthermore, the Jury emphasizes the increasing adoption of integrated or combined reporting and expresses pride in the growing number of Belgian entities moving in this direction. Special recognition is given to those entities for their commend- able efforts in this regard.
  Winners 2023
(available as from 29.11.2023)
ORGANISER
Institute of Registered Auditors
Stéphanie Quintart s.quintart@ibr­ire.be
Evy De Wit e.dewit@ibr­ire.be
Roby Fele r.fele@ibr­ire.be
www.ibr­ire.be
CONTACT
sustainabilityreports@ibr­ire.be
       FOLLOW US ON LINKED IN
www.sustainabilityreports.be
 




































































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