parallax background

Benefits of ESG


Environmental, Social, and Governance (ESG) transparency is moving out of the voluntary and into the mandatory for many European companies with the recent passing of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).

However, beyond avoiding penalties for non-compliance, there are numerous other benefits to increasing your focus on ESG. Here’s five of the biggest ones:

Consumers are increasingly reporting interest in sustainable brands and products, with at least 50-60% including sustainability in their top 5 decision-making factors for purchases. Therefore, being a trusted sustainability leader in your industry can give your company a competitive advantage.

However, it is important to avoid greenwashing while advertising your sustainability activities. Not only has the recent proposal for the EU Green Claims Directive codified anti-greenwashing into European law, but there is also a significant reputational risk to being dishonest or misleading in your ESG communication. By using third-party assurance and recognised, reputable frameworks, such as those laid out by the CSRD, you can ensure that you are reporting in a trustworthy manner.

Beyond consumers, other company stakeholders are interested in reading their annual ESG reporting. Investors often use ESG scoring (e.g., EcoVadis or CDP) to assess potential investments and, importantly, their risk. This is particularly beneficial because several frameworks (including CSRD) include a double materiality assessment to assess both your largest impacts on your environment (including stakeholders) and the largest risks to your company.

Likewise, the double materiality assessment can help companies to identify their own risks with regular assessment. This is because the assessment process involves extensive consultation with stakeholders and experts in your field. Many systems focus on both financial and non-financial risks, so this process goes beyond traditional risk assessments to be a more comprehensive management system.

Finally, importantly, going more sustainable can reduce your costs as a company. Setting targets for reducing emissions, for example, can lower your operating costs, particularly if you are in a country with a carbon pricing scheme like a tax. Through continually reporting on your emissions and other impacts annually, you can monitor your progress toward these reductions and your sustainability goals.


There you have it! Five good reasons to start reporting on your Environmental, Social, and Governance activities and policies.

If you need any help understanding the relevant legislation or how to implement ESG into your company, EFF has recently established a consulting service! Our Sustainability Expert will help you understand your reporting requirements, find gaps in reporting, and set up an ESG strategy. Contact us for more information.

parallax background

Do you want to implement ESG in your company?

Not knowing where to start?
Having trouble understanding the relevant legislation?

Marie Gomersall
Sustainability Expert

Clients about EFF

  • We are happy to recommend EFF company thanks to our successful cooperation so far. High quality of performed services, high availability and a wide scope of their offer are of a great value. Their trustworthiness is based on professional business service and efficient communication with a client.
    Agnieszka Strycharz
    Chief Accountant, Monolith Group
  • We have the pleasure to work with Duni EFF within VAT Compliance services, which we can honestly recommend for any company seeking a professional support in tax related problems or similar. We can always count on their reliable advice and prompt answers to all of our questions. Duni EFF experts’ big commitment and individual approach to a client cannot go unnoticed. Their high competence and vast professional knowledge ensure all our needs are met and it facilitates efficient cooperation.
    Małgorzata Łysio
    Administration Specialist,
  • Across the years of working with Duni EFF, we developed a fantastic professional relationship. Their services to us included AR and AP and I have to say, nothing was ever too much or too little for them to help us with. They were very efficient and knowledgeable, you could say I learned a thing or two from them! It was a pleasure to work with them.
    Sophie Thompson
    Payroll Specialist, Cloetta UK
  • Duni EFF are tax professionals in the European Union. In cooperation with them, I especially appreciate the individual approach to each case. In international sales, there are often non-standard situations, from which they always find a way out. Their experts have extensive knowledge and provide it in a very accessible way. Duni EFF is a proven, reliable partner in business.
    Miłosz Wójcik
    Chief Product Officer Nethansa
  • We at Euroflorist are very pleased with EFF's high competence and ability to adapt to our changing needs.
    Per Gränse
    CEO, Euroflorist
  • During our 5-years of cooperation with EFF we have significantly reduced operating costs and improved quality and transparency of our processes. Very positive and somewhat unexpected for us is how fast and smooth implementations have been.
    Hans Petterson
    Finance Director
  • I would strongly recommend the services of EFF. We have transferred a large part of our AP processes to EFF. The transfer was very efficient and unbureaucratic. The employees of EFF are very ambitious, focused and it is a pleasure to work with them. Thus we were able to increase the reliability and quality of our AP with the same number of employees. Through the competence and experience of EFF, at a good value for money, we can concentrate better on our main business.
    Jorg Schulz
    Sales Director
Contact us