Without an ESG strategy, companies will not receive the necessary green capital.

18 \ 01 \ 2023

Without a sustainability strategy, companies face the risk of losing financing in the coming years. Banks are increasingly scrutinizing whether company projects are sustainable. If companies cannot prove that their activities or projects meet ESG criteria, they will have more difficulty accessing funds. This requirement will affect all companies with over 250 employees starting in 2025, and by 2027, it will also apply to publicly listed small and medium-sized enterprises. However, banks already demand sustainability data, concrete actions, and commitments—and not only banks. To help companies adopt ESG principles, a unique service called ESG Solution+ is being offered jointly by the law firm Císař, Češka, Smutný, the European consulting company Access EU, and the communications agency DFMG.

„This is a completely unique combination of the experience and knowledge of three renowned companies that have been operating in the ESG field for many years. We do not offer abstract concepts or empty consultancy, but a fully understandable and tangible setup of a comprehensive ESG strategy — from initial assessment to obtaining certification and ESG ratings. We create rules for companies so they can properly manage their activities and projects, be environmentally responsible, socially accountable, and well governed,” says Jan Sůra, partner at the law firm Císař, Češka, Smutný.

The goal of properly setting up an ESG strategy for companies is not only to establish business sustainability. It also aims to prevent the risk of losing financing in the absence of a sustainability strategy. Furthermore, it enables continued participation in public tenders, which are increasingly governed by principles of socially and environmentally responsible procurement. Finally, it ensures a competitive advantage on the market by timely fulfilling the legal reporting obligations, including obtaining an ESG certificate that assesses the company’s sustainability with the best possible outcome.

“Our companies’ partnership is absolutely unique in the market. Together, we can offer long-term and proven expertise in compliance, corporate governance, European regulation and policy, as well as marketing and communication. This is a strength and comprehensiveness that has so far been completely absent in ESG strategy solutions on the Czech market. We provide a comprehensive implementation of companies’ ESG strategies and visions with the help of renowned experts and the use of the most up-to-date assessment tools,” says Tomáš Jindříšek, managing partner of DFMG.

About ESG Solution+

The ESG Solution+ service and implementation process consists of four basic steps:

GAP Analysis
The initial analysis identifies the company’s key activities (so-called categorization), followed by an ESG compliance test according to the Sustainability Taxonomy and implementing legal regulations. In a joint discussion with us, the company defines its corporate sustainability priorities. The state of the communication strategy and product communication is also evaluated.

Development of the ESG Strategy
Preparation of a comprehensive sustainability strategy covering all defined company activities. The ESG strategy is developed based on the ESG compliance test results and corporate priorities so that the company can reach its sustainable potential, including compliance with EU and Czech legislation. Best practice measures in line with current international standards are compiled, which the assessed company can apply, along with a proposal for the structural setup of ESG governance (CSO, management, shareholders, ESG Council, organizational structure, responsibilities of departments, etc.) and the drafting of a Sustainability Code for the assessed entity.

Implementation of the ESG Strategy
Execution of the proposed ESG strategy in cooperation with the client across all key areas — from management, products, and employees to appropriately targeted communication of changes within the company. The application of revised internal regulations including the Sustainability Code into the company’s daily processes.

Sustainability Report and ESG Certification
Preparation and provision of follow-up ESG services. In the final step, the company receives a comprehensive report on its sustainability status and an independent ESG certificate documenting its improved sustainability standing, reflecting the company’s maximum potential regarding sustainability and corporate priorities.

The company is also enabled to obtain ongoing ESG consulting, evaluation and implementation of new legislation and trends, preparation for compliance with CSRD obligations, and future communication strategy development.

You can find all information about the product on the ESG Solution+ website.

Mgr. Jan Sůra
Partner and Attorney