ESG data preparation

Our service portfolio will guide you through the process of data preparation and analysis, data collection and consolidation, and the creation of an auditable data foundation – the Sophia ESG Data Framework, including the implementation of the comprehensive sustainability and ESG platform – IBM Envizi.

Unique features of the Sophia ESG Data Framework:

• Advanced methodology for ESG data preparation and analysis
  - Data identification, collection methodology setup, data granularity, required outputs
• Integration with source systems and files
• Automated ESG data ingestion
• Auditability
• Ready-to-use data model for data population
• Technology-agnostic solution (Microsoft, Oracle, IBM...)
• Available as a standalone database or as an extension of existing DWH and other systems
• Potential to expand ESG data into other areas and integrate with other reporting domains

Phases

1. ESG analysis & strategy
2. Data foundation preparation
3. Comprehensive ESG management & reporting

Timeline

• From 2025 (for the 2024 fiscal year): Under CSRD for companies already subject to the previous NFRD directive.
• From 2026 (for the 2025 fiscal year): Under CSRD for companies meeting at least 2 of the 3 following criteria:
  - Over 250 employees
  - Annual turnover exceeding €50M
  -Total assets exceeding €25M
• From 2027 (for the 2026 fiscal year): For all listed small and medium-sized enterprises (SMEs), small and non-complex credit institutions, and captive insurance companies.
• From 2029 (for the 2028 fiscal year): For third-country (non-EU) companies with a net turnover in the EU exceeding €150M and a local subsidiary or branch meeting specific turnover thresholds.

IBM Envizi is a comprehensive platform for sustainability and ESG data, analytics, and insights. With more than 14 years on the market and implementations in 150 countries worldwide, it simplifies the collection, consolidation, management, and analysis of sustainability data, enabling goal setting and tracking. It features a robust reporting environment for monitoring over 500 sustainability data types and supports management, monitoring, and decision-making throughout the entire ESG process. With integrated ESG reporting frameworks, it guides you through the complete creation of your ESG report, capturing all your needs across the entire ESG lifecycle.

Key features of IBM Envizi:

• Collection and tracking of carbon footprint, environmental indicators, and Social and Governance metrics
• Comprehensive ESG reporting and disclosure
• Monitoring of sustainability commitments and goals
• Native workflow system and collaborative tools
• Integrated environment for supply chain data collection
• Support for major ESG standards, including ESRS
• Fully auditable solution from data inputs to the final report