Visma Sustynex: the world’s first cloud native platform for ESG Disclosure based on a GRI taxonomy
Sustainability reporting is becoming more important. New laws and regulations require detailed reporting. Customers and investors are also demanding sustainability disclosures. But preparing this information and sharing it with different stakeholders is time-consuming and labor-intensive. It’s also difficult to audit reports in this field, as most companies don’t follow a single set of standards for non-financial reporting.
To help organizations address this challenge, we launched Visma Sustynex, the world’s first cloud native platform for ESG Disclosure that uses a GRI taxonomy to deliver high data quality and accuracy.
Visma Sustynex’s GRI taxonomy allows organizations to create reports with up to 2,400 different elements in 4 major categories. They go from universal standards on companies’ management approach and general disclosures, to supplier environmental assessments, environmental compliance, impact on biodiversity, water and effluents, occupational health and safety, human rights, non-discrimination in hiring practices, and more.
How does it work?
Visma Sustynex offers four main components:
- A prepare and submit portal for manually entering sustainability reports;
- An API Connector to integrate the platform with ERP, HR and other systems, allowing for automated data collection;
- A receiving portal, which can be used to receive sustainability reports;
- A taxonomy based on GRI standards, which ensures the accuracy and consistency of the data.
The output of the platform is a standardized report. Since the reports are consistent and validated, they can then be used periodically for comparison and benchmarking.
Who is it for?
Reporting parties, such as:
- Companies and organizations that want to disclose their sustainability efforts or file sustainability reports;
- Companies and organizations that need data to improve their sustainability policies;
- Organizations looking to receive reports from different (regional or departmental) offices.
Requesting parties, like:
- Institutional investors, private equity companies, banks and capital providers that want to receive sustainability reports;
- Governments and regulators;
- Industry or trade organizations;
- Companies that want to request disclosure from their suppliers or partners.
Benefits for reporting parties
- Save time and costs in creating an ESG report: retrieve the data from source systems and push it directly into the report.
- Improve the quality of reporting using the underlying taxonomy, which is based on an internationally recognised standard.
- Get real-time data to improve your ESG policies.
- Keep track of changes with easy access to previous reports.
- Attract investors and expand your footprint with qualified ESG data.
- Steer decisions in a timely way and make ESG reporting an operational best practice.
Benefits for requesting parties
- Easily track and benchmark data from multiple reporting parties.
- Get qualified and accurate data that is based on an international standard.
- Spend less time and effort collecting reports.
- Less effort to consolidate data into one report thanks to standardization.
- Get reports in more quickly.
Why Visma Connect?
Visma Connect is the specialist in qualified information exchange. Our team is behind the Dutch taxonomy for financial reporting, which enables every legal entity in the Netherlands to report their financial statements to the chamber of commerce as required by law. Visma Sustynex is the next step in qualified information exchange. We are applying our knowledge of Standard Business Reporting in the sustainability reporting field to make this a more objective, regular and accurate practice.
Lead the change and become a steward for sustainability today! Contact us to find out how Visma Sustynex can help your organisation. Use the contact button below or call us.
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