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Sustainability and ESG Reporting: What Awaits Suppliers to Large Companies
· 3 min read
Reporting obligations are trickling down from large corporations to their suppliers. Small businesses are increasingly receiving questionnaires that they must be able to answer using their accounting data.
Where the pressure comes from
Large corporations are required to report the impact across their entire supply chain. Consequently, they demand this data from their suppliers, including small businesses.
What you will need from your accounting records
Energy consumption, transport overviews, supplier structures, and HR metrics. All of this can be extracted from your accounts, provided they are structured properly from the outset.
Prepare before the questionnaire arrives
We recommend setting up analytic accounts for tracked items. The cost is zero, but it will save you weeks of retrospective data searching.
Author: FinTaxo expert team
Operated by: Zaklipso s.r.o.
Czech original: read this article in Czech
This article is general information and does not replace individual tax, accounting or legal advice. Czech legislation changes frequently — verify the current wording or discuss your situation with us before acting on it.
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