ElitTalk

ElitTalk: ESG Reporting vs Financial Reporting

Elitmind Season 3 Episode 5

In this insightful episode of ElitTalk, hosts Sylwia Pawlaczyk and Jakub Bilski dive deep into the evolving world of ESG (Environmental, Social, and Governance) reporting, comparing it with traditional financial reporting. As businesses face growing demands for transparency and sustainability, understanding the differences and intersections between these two reporting frameworks becomes crucial.

Jakub Bilski, with his extensive experience in reporting, shares his perspective on how ESG reporting extends beyond mere financial performance to encompass a broader range of qualitative factors, from environmental impact to social responsibility. The discussion highlights the challenges organizations face in adapting to rapidly changing regulations like the CSRD and EFRA guidelines, and how technology—particularly tools like Microsoft Sustainability Manager and Microsoft Fabric—can streamline data collection and ensure accuracy.

Tune in to learn how ESG reporting is set to evolve, potentially becoming as standardized and integral as financial reporting, and why integrating both processes can offer a more holistic view of a company's performance. Whether you're navigating the complexities of ESG or looking to enhance your organization's reporting capabilities, this episode is packed with valuable insights and practical advice.