4 reasons why sustainability reporting is crucial for your SME
Read here why sustainability data is important for your SME and how VSME reporting can play a role in this.
Imagine: a client asks if your company has a sustainability report. You immediately feel pressure. Where do you even begin? And why would you invest time in collecting sustainability data? The answer is simple: sustainability data isn't an administrative burden. It makes your company future-proof. In this blog post, you'll discover 4 reasons why collecting sustainability data is crucial and how you can get started, today.
1. ESG Data for access to capital
Investors and financiers are increasingly looking at ESG (Environmental, Social, and Governance) data. Transparency about your sustainability performance increases trust and access to financing. Companies with their data in order are more attractive to funds and financiers.
Using spreadsheets for this kind of sustainability data can be risky. Switching to ESG platforms helps with accuracy and efficiency but also keeps data safer, protecting businesses from cyber threats and compliance issues. Eevery is a preferred solution for SMEs looking to embrace sustainable practices.
2. Sustainability Reporting for client questions
The CSRD (Corporate Sustainability Reporting Directive) requires large companies to provide comprehensive reporting. These companies will ask their suppliers, often SMEs, for information on ESG policy and sustainable development goals. By collecting data now, you proactively respond to these questions and avoid being left behind later.
3. Sustainability Report for trust
Transparency is a powerful marketing tool. Companies that publish their sustainability reports gain the trust of customers and partners. It strengthens your brand and demonstrates that you are taking responsibility. In a market where sustainability is becoming increasingly important, this is a differentiating factor. While not mandatory, the VSME Standard provides a structured way for companies to report on key ESG issues, including: Environment (including CO₂ emissions), Social impact, Governance.
4. Sustainable Development Goals to provide insight
Sustainable Development Goals (SDGs) are strategic development goals aimed at a sustainable and inclusive world. For companies, they serve as a compass for corporate social responsibility (CSR) and help them define goals based on one of these clear themes.
Sharing these goals, and thus your sustainability data, facilitates collaboration. If you provide insight into your impact, partners can see overlaps in themes or production locations. This leads to joint initiatives that save costs and increase impact. This, in turn, makes it easier to collaborate within the supply chain.
VSME Reporting for your SME
Data provides insight. It shows where you're performing well and where there are areas for improvement. This helps you make informed decisions and develop more sustainable products and processes. Companies with high data quality respond more quickly to market changes and seize innovation opportunities. Reporting in line with the VSME standards gives you a strategic advantage. Click here to know more about the 7 benefits of VSME reporting.
Eevery helps you simplify this process. We offer VSME reports for your SME. Affordable for every entrepreneur. Ready to share with customers, investors, or your own team. Take a look at our VSME Reporting tool here.
Get started easily?
Learn more about how sustainability data can strengthen your SME. Request a demo today.
