Published on November 14, 2024

kShuttle Joins Friends of EFRAG: Driving ESG Reporting Innovation

As European companies prepare for the new reporting requirements imposed by the CSRD (Corporate Sustainability Reporting Directive), kShuttle is proud to announce its membership of the “Friends of EFRAG” group.

This partnership marks an important step in our commitment to improving sustainability reporting standards and ESG performance management.

By joining the Friends of EFRAG, we are positioning ourselves alongside industry leaders and regulators to contribute to a more transparent and reliable future for ESG and sustainability reporting frameworks in Europe.

What is EFRAG and why is it important?

EFRAG (European Financial Reporting Advisory Group) plays a key role in the development and implementation of sustainability reporting standards in Europe.

Mandated by the European Commission, EFRAG is responsible for drafting and updating CSRD standards, providing companies with clear guidance on how to report on environmental, social and governance (ESG) factors.

This includes guidelines for tracking greenhouse gas emissions, waste management, human rights and corporate governance – indicators that are increasingly mandatory for companies under CSRD.

EFRAG’s mission is to improve transparency and confidence in corporate sustainability reporting, helping investors, regulators and stakeholders to make informed decisions.

By setting consistent and comprehensive standards, EFRAG ensures that European companies align with the EU’s ambitious climate and sustainability goals, thereby contributing to a more sustainable global economy.

Why kShuttle joins Friends of EFRAG

kShuttle’s expertise in sustainable performance management and ESG reporting solutions aligns closely with EFRAG’s mission.

As a member, kShuttle will actively support the development of robust and transparent ESG reporting standards, bringing valuable insights from our experience in designing sustainability information systems (SIS) tailored to evolving regulatory requirements.

Our participation in this initiative allows us to :

Interact directly with EFRAG representatives to provide feedback on sustainability standards and keep abreast of future regulatory changes.
Collaborate with other industry leaders and competitors to share best practices and insights in ESG performance management.
Reinforce our visibility as an authority in sustainable reporting, demonstrating our commitment to supporting companies in their sustainability journey and in their compliance with CSRD requirements.

Supporting companies in the transition to Sustainability Information Systems (SIS)

At kShuttle, we understand the challenges companies face in adapting to new regulatory requirements.

The CSRD requires detailed and accurate reporting of ESG indicators, necessitating a transition to comprehensive sustainability IS capable of managing, tracking and reporting data seamlessly.

Our solutions are designed to support companies in this transition, providing tools for efficient data collection, compliance monitoring and real-time reporting, to meet the high standards set by EFRAG and CSRD.

By becoming a member of the Friends of EFRAG, kShuttle reinforces its commitment to helping organizations across Europe comply with ever-changing ESG regulations, while promoting sustainable performance.

We believe that sustainability reporting must go beyond compliance: it must enable companies to effectively measure and manage their environmental and social impact.

Looking to the future: a commitment to sustainable growth and transparency

kShuttle’s partnership with EFRAG is more than just a membership: it’s a commitment to shaping a sustainable future for European companies.

As regulatory standards evolve, kShuttle will continue to develop innovative ESG solutions to help companies meet the requirements of CSRD and beyond.

To find out more about how kShuttle’s solutions can help your organization achieve sustainable performance and comply with the latest ESG reporting requirements, discover our solutions.

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