2024 – a year of double materiality analysis. Non-financial reporting of the Capital Group of Grupa Kęty S.A.

The new Corporate Sustainability Reporting Directive [CSRD] extends the scope of the previously binding Non-Financial Reporting Directive [NFRD] and introduces more detailed reporting standards. Finally, it is going to cover nearly 50,000 European companies, including 3,000 from Poland. The Capital Group of Grupa Kęty S.A. will follow already in 2024.

The adopted European Single Reporting Format [ESRS] determine information to be reported. This makes it more than 100 indicators (over 1,000 information points) in the environmental, social and governance areas to be reported. However, not all of them are obligatory. What factors will predetermine their choice? It's the identification of key sustainable development aspects. With regard to a specific company, it will be possible based on the double materiality analysis specified in the CSRD. In accordance with the Directive, companies subject to ESG reporting will have to take into account both the impact materiality and the financial materiality as a basis for the identification of major issues to be reported in the area of sustainable development.

Conducting the double materiality analysis is not an easy task - it requires the involvement of stakeholders throughout the supply chain: customers, suppliers, investors, employees, Management Board, or even media, public institutions or NGOs in some cases. The process covers the collection and processing of data and further the data analysis and drawing conclusions.

The Capital Group of Grupa Kęty S.A. has already implemented the double materiality project and soon the process of engaging the stakeholders will start. You will receive questionnaires to help you identify the key sustainable development issues, which in turn will prepare the Group for the reporting process.