The Corporate Sustainability Reporting Directive (CSRD) of the EU is on everyone's lips. This new directive affects companies with more than 250 employees and certain turnover and balance sheet total limits from the current financial year onwards. Smaller companies will also face increasing requirements in subsequent years due to the so-called "trickle-down effect" (the passing on of the new standards within the value chain). One key question is: How can SMEs turn the challenges into opportunities and at the same time score points with sustainability in their customer business?
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Sustainability as the basis for business
Consultants offer extensive training and specialized reporting tools to explain the new regulation to companies. However, this involves an investment of time and money for the individual SME.
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In turn, our experience shows that Many SMEsfollowing the spirit of its founders, sustainable business practices for many yearsn. The new regulation usually brings little new for these companies - apart from increased costs.
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That is why we work with digihub.li and Hübner Management on it, offer simple solutions that integrate seamlessly into SMEs' existing processes. With the help of AI and digital assistants we will Largely automate the creation of sustainability reports. Business figures should be fed directly from the accounting system, social key figures from a digital culture cockpit. This creates a valuable, auditable report with minimal effort and high relevance for customers.
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"Sustainable thinking and management is part of our DNA and the basis of our business."
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This quote comes from one of the discussions with SMEs in Liechtenstein. It illustrates that sustainability and trust are deeply rooted in family-run businesses and do not have to be implemented through regulatory requirements.
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How can SMEs find a solution quickly?
The existing to make sustainable business models visibleis the motto. TOSCA is a proven conceptthat helps to identify challenges and point out solutions. Applied to sustainability measurement, it could read like this:
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- T = Trouble (the symptom)SMEs are facing a wave of new reporting obligations.
- O = Owner (the main stakeholders)The new regulation directly affects larger companies that request additional data from their suppliers.
- S = Success (the success factors): For SMEs, regulation becomes a success factor when a validated, low-cost sustainability report which also helps at the customer interface.
- C = Constraints (the boundary conditions)Here: For example, limited resources at SMEs and the different objectives of the parties involved.
- A = Actors (the helpers): New technologies such as AIthat greatly simplify reporting; accountants who also digitize data collection for sustainability measurement; government agencies that promote digitization projects.
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Would you like to create a digitized, AI-supported sustainability report for your company with little effort? Find out more in a non-binding consultation:
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