Be prepared:
With AMANA software to the consistent ESG reporting
The depiction of ecological (environmental), social (social) and governmental (governmental) influences has become increasingly important in recent times and many companies can no longer imagine doing without them. Accordingly, extensive changes in sustainability reporting are imminent. Many companies are obliged to report on environmental, social and governance (ESG) aspects for the first time by 2025. The Corporate Sustainability Reporting Directive (CSRD) requires approximately 50,000 companies in the EU to provide detailed sustainability reports as part of a digital management report - and many other international initiatives around the world are in the process of making this mandatory for non-EU companies as well.
Find the latest information from the current Exposure Draft of the European Sustainability Reporting Standard (ESRS) in our blog post.
Below are the challenges that arise from the current reporting and publication process that can be easily implemented with our solutions:
- How to calculate, collect and consolidate the required data points by using solutions from AMANA partners.
- Using disclosure management software to be able to work collaboratively on the sustainability statements.
- Automate the data flow from various sources into management reports in order to eliminate manual and error-prone process as well as to optimize the last-mile reporting process.
- Options how to handle formatting and the production of glossy and ready-to-print reports in Word or InDesign as well as online reports.
- Digital tagging of sustainability and financial statements with the ESRS or ISSB XBRL taxonomy.
- Auditing and publication of the final report.
ESG and CSR software -
Disclosure Management SmartNotes
Sustainable, digital and flexible: SmartNotes is the optimised software solution for ESG reporting and sustainability reporting. Thanks to the certified and generic implementation, AMANA-based tagging solutions can easily and instantly import the ESRS XBRL taxonomy for tagging. By using direct data interfaces to various ESG data collection and calculation software solutions (e.g. Sphera or LucaNet), combined financial and ESG reporting is made quick and easy.
The leading editorial system SmartNotes is the reliable solution for reports of any kind and thus also for ESG reporting. Through integration, you not only increase transparency, but also improve data quality significantly. This saves time, costs and meets the increasing requirements for sustainability reporting.
ESG webinars
Get an overview of our live and on-demand webinars on ESG reporting and disclosure management.
ESG Partnership
From ESG key figure management to a publishable annual report - easily possible with the new interface from Envoria and AMANA.
ESG News
New EU taxonomy based on the Green Deal. Learn more in our blog post and get a sample Excel sheet.
ESG News
EFRAG publishes ESRS PoC XBRL Taxonomy. In our blog post you will get an overview of the current status of the XBRL taxonomy as well as an assessment by our ESG expert Richard Bössen.
ESG Webinars
Disclosure Management SmartNotes: End-to-end process to the ESEF and ESG annual report
Our Disclosure Management SmartNotes increases the efficiency in the creation of annual reports and iXBRL reports and helps you to implement the ESEF requirements. Work with SmartNotes from the first data import, through the input of corrections, to the publication of the annual report in a print-ready layout without media discontinuity. Our Disclosure Management System relieves you of the manual work steps so that you can concentrate on essential content.
Referents: Björn Bielesch and Nina Schüller
How to solve ESG reporting and publication challenges with AMANA & Envoria
The latest European Sustainability Reporting Standard (ESRS) exposure drafts defining sector-agnostic disclosure requirements were published in November. The new drafts significantly reduce the number of disclosure requirements and data points. However, this reduction should not obscure the burden that continues to be placed on companies. 84 disclosure requirements and 1,144 quantitative and qualitative data points still must be reported.
To ensure reporting in accordance with the ESRS in due time, companies required to disclose ESRS information need to invest time now and set up or optimize their data collection and reporting process.
Together with our partner Envoria, SaaS specialist in sustainability reporting, we summarize the challenges regarding the reporting and publication process, which includes:
● How to understand the regulatory objectives
● How to calculate, collect, and consolidate required data points
● How to work collaboratively on sustainability statements using supportive tools
● How to automate the data flow from various sources into management reports
● How to digitally tag stainability and financial statements with the ESRS or ISSB XBRL taxonomy
● How to handle formatting and the production of glossy and ready-to-print reports
● How to implement the audit and publication of the final report
Referents: Philipp Stampfuß (Managing Director, AMANA) und Sven Schubert (Co-Founder & CEO, Envoria)
Success stories
Meyer Burger
AMANA supported us in the implementation oft he SmartNotes Disclosure Management System for external reporting. The implementation project and the automated processes were an excellent experience for our team. In our Annual Report all major contents including our Financial Reports as well as the ESG contents (Environment, Social and Governance) oft he report are maintained in SmartNotes. The charts have been built in Excel according tot he Corporate Design standards with automated data feeds. The source system is IBM Cognos with automated connections to numbers in charts, tables and to numbers in the text. The ready-to-publish format from Word eliminated the manual InDesign work and significantly improved the process effiency.
Swissquote Bank
We are using SmartNotes for our Annual Report production process. All contents are maintained in SmartNotes in a ready-to-publish format from Word including the following parts: Financial Report, Remuneration Report, Corporate Governance Report as well as Sustainability Report. The numbers in the tables, charts and texts are interconnected and connected to the source data, they are updated automatically for each data load throughout the report. SmartNotes has significantly helped us to automate the process and reduced the correction efforts.