Sustainability is a term that is becoming increasingly important in the business world today. This concept focuses on the ability of companies to conduct their activities in a way that minimizes negative impacts on the environment, society, and the economy.
The importance of sustainability is evident in three main areas:
- Economic sustainability involves ensuring the long-term economic success of the company while adhering to ethical principles and minimizing negative impacts on society.
- Social sustainability involves caring for employees, customers, communities, and other stakeholders to maximize their well-being and minimize negative impacts on their lives. Environmental sustainability involves the protection and preservation of the natural environment, minimizing impacts on ecosystems, and reducing greenhouse gas emissions.
- Successful companies recognize that sustainability is key to maintaining long-term success. Therefore, they take actions such as reducing waste and emissions, using renewable energy sources, supporting communities and employees, implementing ethical business practices, and other measures.
Our services: Assessment of DNSH and Climate Impact
We offer expert services in preparing assessments of DNSH compliance and evaluating climate impact for projects supported by the OPTAK program. If you are planning a project under OPTAK and need to ensure it meets all environmental requirements, do not hesitate to contact us. Our services will not only help you secure the necessary funding but also contribute to the sustainable development of your project.
We will help you navigate the complex rules of the CSRD directive on non-financial reporting and prepare for a sustainable future of business.
ESG, short for Environmental, Social, and Governance, represents a set of criteria that analyze a company’s impact on society, the environment, and its transparency and accountability. This methodology is a key tool for shaping sustainable business strategies and effectively achieving corporate goals.
What is monitored within ESG?
- Environment – Climate change, pollution and waste, recycling and principles of the circular economy, water quality and resources, biodiversity and landscape character, environmental protection policies.
- Social – Human resource management, other stakeholders (such as relationships with communities, supplier-customer relations, public awareness, or consumer protection).
- Governance – Management and governance (leadership independence, executive compensation, shareholder rights, corporate culture, business ethics and codes of conduct, tax transparency, anti-corruption and bribery, whistleblowing, risk management, internal controls and audits, compliance).
ESG represents an important step towards more transparent and sustainable business in the Czech Republic. By making ESG factors an integral part of companies’ evaluation and reporting, pressure increases on these companies to improve their performance in environmental, social responsibility, and governance areas.
Until recently, the recommendation of an ESG approach was rather considered as “nice to have”. However, since 2024, the CSRD directive on non-financial reporting has been in force in the Czech Republic, requiring the calculation of ESG scores. This score will then influence how companies are presented to investors and their available credit options. Companies with higher scores will gain advantages in the market. ESG may take slightly different forms in each company and poses different challenges for each company.
Do No Significant Harm (DNSH), also known as the principle of “do not significantly harm”.
DNSH is a new principle adopted with the aim of supporting the implementation of the European Green Deal and is likely to be required for all projects funded by European funds.
The Principle of DNSH
The aim of the DNSH principle is to promote investments in environmentally sustainable economic activities. This will result in limiting financing for activities that significantly harm the environment. For example, activities:
- where raw materials are used inefficiently,
- that generate large amounts of greenhouse gases or waste.
The DNSH principle covers six key areas:
- climate change mitigation,
- adaptation to climate change,
- sustainable use and protection of water and marine resources,
- transition to a circular economy,
- prevention and control of pollution,
- protection and restoration of biodiversity and ecosystems.
This principle will apply throughout the European Union and will affect the provision of public support.
- ESG
-
We will help you navigate the complex rules of the CSRD directive on non-financial reporting and prepare for a sustainable future of business.
ESG, short for Environmental, Social, and Governance, represents a set of criteria that analyze a company’s impact on society, the environment, and its transparency and accountability. This methodology is a key tool for shaping sustainable business strategies and effectively achieving corporate goals.
What is monitored within ESG?
- Environment – Climate change, pollution and waste, recycling and principles of the circular economy, water quality and resources, biodiversity and landscape character, environmental protection policies.
- Social – Human resource management, other stakeholders (such as relationships with communities, supplier-customer relations, public awareness, or consumer protection).
- Governance – Management and governance (leadership independence, executive compensation, shareholder rights, corporate culture, business ethics and codes of conduct, tax transparency, anti-corruption and bribery, whistleblowing, risk management, internal controls and audits, compliance).
ESG represents an important step towards more transparent and sustainable business in the Czech Republic. By making ESG factors an integral part of companies’ evaluation and reporting, pressure increases on these companies to improve their performance in environmental, social responsibility, and governance areas.
Until recently, the recommendation of an ESG approach was rather considered as “nice to have”. However, since 2024, the CSRD directive on non-financial reporting has been in force in the Czech Republic, requiring the calculation of ESG scores. This score will then influence how companies are presented to investors and their available credit options. Companies with higher scores will gain advantages in the market. ESG may take slightly different forms in each company and poses different challenges for each company.
- DNSH - Do No Significant Harm
-
Do No Significant Harm (DNSH), also known as the principle of “do not significantly harm”.
DNSH is a new principle adopted with the aim of supporting the implementation of the European Green Deal and is likely to be required for all projects funded by European funds.
The Principle of DNSH
The aim of the DNSH principle is to promote investments in environmentally sustainable economic activities. This will result in limiting financing for activities that significantly harm the environment. For example, activities:
- where raw materials are used inefficiently,
- that generate large amounts of greenhouse gases or waste.
The DNSH principle covers six key areas:
- climate change mitigation,
- adaptation to climate change,
- sustainable use and protection of water and marine resources,
- transition to a circular economy,
- prevention and control of pollution,
- protection and restoration of biodiversity and ecosystems.
This principle will apply throughout the European Union and will affect the provision of public support.