NON-FINANCIAL REPORTING AND RATING

according to GRI standards


Non-financial reporting helps management, investors, consumers and other stakeholders to assess a company's non-financial performance. It reveals strengths and uniqueness, differentiates it from the competition and points to the company's long-term vision.

The obligation of non-financial reporting is established by Directive 2014/95 / EU on non-financial reporting, which was unanimously adopted by all 28 EU Member States in 2014. This regulation transposes the Accounting Act into Czech law.

Our specialization is non-financial reporting according to GRI standards, which is the world's most widespread and most frequently used framework for creating separate non-financial reports. The GRI report will help you set company principles in accordance with a responsible company leading to long-term financial success.

ADVANTAGES and USAGE of non-financial report


  • increases corporate credibility with partners and end customers
  • strengthens competitive advantage
  • increases the attractiveness of investors
  • creates the attractiveness of the employer
  • builds reputation and transparency
  • highlights the company's strengths and maps risks
  • improves management systems and long-term goal setting
  • co-creates a sustainable vision and strategy
  • engages stakeholders
  • meets the mandatory requirements of customers, especially from multinational companies
  • GRI standards are globally recognized
  • is a relevant source of information for internal and external communication

CONTENT and STRUCTURE of a reportu


  • basic principles of functioning of the organization
  • list of strategic company goals, its fulfillment and stakeholder engagement
  • materiality matrix in terms of economic, social and environmental impacts
  • mapping of resources and a plan for their use in the long term
  • key performance and impact indicators (KPIs), their measurement and evaluation
  • description of the company's CSR policy
  • legal requirements according to the Accounting Act (see below)

CREATION of a REPORT - how we work


  1. scan of materiality, risks and impacts
  2. identification of areas and targets for improvement
  3. KPIs settings
  4. compilation of a non-financial report


          The report can be supplemented by: 

  • market comparison / benchmarking
  • roadmap of change and action plan
  • conceptual sustainable strategy
  • facilitated internal workshops for strategy creation and fulfillment of individual KPIs  

Amendment to the Accounting Act: Disclosure of non-financial information

By implementing the regulation issued by the European Commission in 2014, certain companies are required to report non-financial information for the accounting period beginning on or after 1 January 2017.

Scope

Pursuant to Section 32 f of the Accounting Act, an accounting entity presenting non-financial information means:

a) a large entity that is a company and is also a public interest entity if, at the balance sheet date, it exceeds the criterion of an average of 500 employees during the accounting period,

(b) a consolidating entity of a large group of entities that is also a public-interest entity if, at the balance sheet date, it exceeds the criterion of an average of 500 employees during the financial year on a consolidated basis.

Mandatory areas

1. An entity presenting non-financial information shall provide non-financial information to the extent necessary to understand the development of the entity or group, its performance and position and the effects of its operations, including non-financial information relating to at least:

  • the environment,
  • social and employment,
  • respect for human rights and
  • fight against corruption and bribery.

2. The non-financial information referred to in paragraph 1 shall be structured as follows:

  • a brief description of the entity's business model showing non-financial information or groups,
  • a description of the arrangements that the non-financial disclosure entity or group applies in relation to those matters, including due diligence procedures; if no measure is applied to any of these matters, a justification shall be given as to why the measure does not apply to the matter in question,
  • a description of the results of these measures,
  • a description of the main risks associated with those matters associated with the entity's disclosure of the non-financial information or group, including, where appropriate and appropriate, its business relationships, products or services that could have adverse effects in those areas and the manner in which the non-financial disclosure entity or group manages those risks;
  • non-financial key performance indicators that relate to the relevant business activity.

The obligations under paragraphs 1 to 6 need not be met by a consolidated entity disclosing non-financial information if the non-financial information is disclosed in the consolidated annual report or in a separate report of the consolidating entity. This also applies to a consolidating entity presenting non-financial information that is itself a consolidated entity.