KRC® guarantees the governance, reliability, and accuracy of the data collected, as well as the transparency, traceability, and verifiability of the various phases of the reporting process.
CONTEXT
The VSME Standard simplifies the integration of ESG practices, making them accessible and less burdensome. This new standard supports ESG reporting for SMEs, responding to market needs and reducing uncoordinated data requests.
KRC® allows for the configuration of the Organization's context. In the regulatory context, the reporting principles are fully digitized in a navigable structure that constitutes a methodological, training, and organizational support guide.
DOUBLE MATERIALITY ANALYSIS ELIMINATED
ADM remains a useful activity for developing a sustainable development strategy; the reasons are to understand sustainability impacts, identify financial risks, and discover new opportunities. In KRC®, it is managed in a simplified manner and is optional.
SUSTAINABILITY INFORMATION MANAGEMENT
KRC® supports the collection of data, indicators, information, and monitoring against defined targets. Data acquisition can be performed in various ways: direct data entry into dedicated fields; import from files/tables; or integration with applications through a series of KRC® connectors that enable data acquisition.
PRODUCTION OF BASIC AND COMPLETE MODULES
KRC®, through the Master Document function, allows the drafting of two documents:
- Base Module: includes essential data on energy, emissions, biodiversity, resource use, working conditions, and governance.
- Complete Module: explores topics such as climate risks, human rights and gender diversity on boards.
With this modular structure, the Standard adapts to the different capabilities of SMEs, allowing for progressive adoption.
PRODUCTION OF SUSTAINABILITY INFORMATION FROM SMEs TO BANKS
The Coordination Table on Sustainable Finance promoted by the Ministry of Economy and Finance (MEF) has developed a Standardized Model for Sustainability Dialogue between SMEs and Banks (December 2024 post-consultation).
The Model with the 40 Sustainability Information Items has been digitized in KRC® and the relevant Modules have been analyzed for compliance with VSME requirements. Furthermore, they have been aligned with ESRS reporting standards. These alignments allow for partial use of existing compilation tables and efficient and consistent data maintenance.
THE ADVANTAGES OF DIGITALIZING THE SUSTAINABILITY STRATEGY AND REPORTING SYSTEM
The digitalization of the voluntary standard's sustainability reporting process simplifies the integration of ESG practices, making them accessible and less burdensome.