SUSTAINABILITY
We promote sustainability aimed at promoting the culture of sustainable development of companies.
Giving priority to sustainability and environmental, social and governance (ESG) issues allows you to optimize production processes, increase corporate reputation, improve economic results and create greater involvement of employees, investors, suppliers and customers and stakeholders more generally .
We help companies in evaluating their compliance with ESG issues, in the implementation and measurement of social and environmental impacts. We support companies in drafting the Sustainability Report or Impact Report, in transforming into Benefit Corporations and in obtaining B Corp certification.
ACTIVITY
ESG Assessment – Analysis and improvement actions
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Analysis of the company's state of the art: initial understanding of the strengths and critical points;
Co-planning and identification of improvement actions and objectives;
Support for the implementation of identified improvement actions;
Assistance in drafting the Sustainability Report.
The preliminary phase of analyzing the state of the art of the company consists in identifying the strengths and critical points, in order to co-design and subsequently implement the identified improvement actions and objectives. The results obtained from this activity are then described and valorised through the Sustainability Report, the reporting and communication document that collects company performance data on environmental, social and governance impacts.
To analyze the performance of your company we use an external and internationally recognized evaluation standard, the B Impact Assessment " BIA ", currently used by over 150 thousand companies around the world. Specifically, the B Impact Assessment is an in-depth company evaluation process that highlights the areas of possible improvement, evaluates the company's business model in a comparable manner with respect to the ability to intervene positively on the major environmental or social challenges as well as measuring the impact of the services offered.
This tool allows companies to evaluate and manage their social and environmental impact through a set of customized questions. It is also accessible to all companies regardless of their sector and size, integrating and aligning with European standards such as GRI, SASB, CDP, allowing them to meet sustainability and transparency requirements.
BENEFIT SOCIETY - Support for transformation
Identification of the common benefit objectives to be pursued;
Modification and adaptation of the company statute;
Identification of the person responsible for impact (internal or external to the company).
Benefit companies represent an evolution of the very concept of a company. While traditional companies exist with the sole purpose of distributing dividends to shareholders, Benefit Companies are the expression of a more evolved paradigm: they integrate into their corporate purpose, in addition to profit objectives, the aim of having a positive impact on people, communities , territories, environment, cultural and social assets and activities and other stakeholders. These are not social enterprises or an evolution of non-profit, but a positive transformation of the dominant models of for-profit business, to make them more adequate to the challenges and opportunities of 21st century markets.
The transformation involves a statutory modification, since Benefit Companies must modify the statute and indicate in their corporate purpose the specific purposes of common benefit that they intend to pursue, in compliance with the provisions that regulate the statutory amendments specific to each type of company (paragraph 379).
Our support consists in conducting an in-depth company evaluation process with the aim of making the Benefit visible, i.e. the intangible value of the social and environmental impact generated, and then identifying the new direction of the business, i.e. specifying the purposes of common benefit that it intends to pursue, which will crystallize with the amendment of the statute.
Furthermore, Benefit Companies must identify one or more Impact Managers, i.e. one or more subjects responsible for the effective pursuit by the company of the objectives of common benefit and are required to comply with publicity and transparency obligations, i.e. they must draw up and attach annually together with the budget file, an Impact Report which highlights the objectives pursued, the methods and actions implemented to achieve the common benefit and the evaluation of the impact generated.
Our consultancy helps companies meet the required regulatory and transparency requirements, we collaborate to collect data and analyze performance and draw up a detailed Impact Report compliant with current regulations. This document not only fulfills transparency obligations, but also represents a valuable tool for communicating the company's commitment to the common good to its stakeholders.
B CORP - Support for obtaining certification
Definition of IBMs (Impact Business Models);
In-depth analysis and support in completing the BIA (B Impact Assessment);
Evidence analysis and review of the BIA;
Assistance in the relationship with the B Lab certification body;
Support for the valorisation of the sustainability results achieved.
Similar to Benefit Corporations, B Corp are companies that voluntarily decide to produce a positive impact in social and environmental terms on their employees, the communities in which they operate, the environment and other interested parties, going beyond the simple objective of generate profit.
Unlike Benefit Corporations, which obtain legal status by amending the Articles of Association, qualification as a B Corp is obtained solely through a certification issued by the non-profit organization B Lab and must meet very rigorous standards of purpose, responsibility and transparency.
Each company can proceed with a self-assessment of its performance through the use of the B Impact Assessment and subsequently, if it obtains a score of at least 80 points on a scale from 0 to 200, it can undergo the B Lab verification. The latter, after having carried out all the necessary investigations to confirm what the company has declared, it will then issue the certification certifying its qualification as a B Corp.
Our service accompanies companies willing to undertake this virtuous path, guiding them towards obtaining certification and facilitating each phase of the process, helping them to implement sustainable strategies and practical suggestions to fill any gaps and improve overall performance .
WHY CHOOSE SUSTAINABILITY?
Access financing
Banking institutions are starting to require, and will increasingly require, companies to report on sustainability performance to access more and more financing;
Facilitated access to public funding and/or national and European tenders;
Access to subsidized credit and more advantageous conditions.
Intercept new consumer orientations
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61% of consumers say they are paying more and more attention to the environmental impact of what they buy;
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54% say they need more information to purchase a sustainable product and 54% believe that it is up to consumers themselves to push companies to develop solutions with a lower environmental impact;
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Companies are expected to behave ethically towards workers and the community (84%), sustainable production (82%) and the choice of suppliers with high sustainability standards (85%).
For legislative compliance | New regulation on Sustainability Reporting in Europe (CSRD)
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From 2024, companies with +500 employees, already subject to the Non-Financial Reporting Directive (NFRD), will have to submit their sustainability reports in 2025;
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From 2025, large companies that are not currently subject to the Non-Financial Reporting Directive, with +250 employees and/or €40 million in turnover and/or €20 million in total assets, will have to submit their reports in 2026;
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From 2027, non-complex credit institutions and captive insurance companies and listed SMEs that fall into at least two of the following size criteria will have to submit their reports in 2027:
- average number of employees between 10 and 250;
- total balance sheet assets: 350 thousand - 20 million euros;
- net revenues: 700 thousand - 40 million euros.
For SMEs listed on the stock exchange, there is an opt-out clause until 2028.
Improve productivity and corporate reputation
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Improvement of competitive advantage and positioning;
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Increased productivity and reduction of costs and waste;
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Better investment attractiveness;
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The KPIs of sustainable companies are on average better than non-sustainable ones in the same market sector;
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Better relations with Stakeholders;
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Companies with a low ESG rating have an average probability of default that is 2 to 5 times higher than that of the most virtuous ones.
OUR WORKS
Impact Report Africome Srl SB
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