Guide to Sustainability Reporting

What are sustainability reports?

In recent years, regulatory and reporting obligations related to sustainability have increased considerably, affecting numerous companies, directly or indirectly.

A Non-Financial Information Statement (pursuant to Law 11/2018) is a report in which companies provide information about their actions related to the environment, employees, human rights and other issues related to sustainability.

The Corporate Sustainability Reporting Directive (CSRD) aims to put sustainability reporting on a par with financial reporting in terms of volume, sophistication and rigour, ensuring greater data quality, clarity, transparency and comparability for stakeholders.

For affected businesses, preparedness for meeting these requirements is essential.

Santander therefore supports customers by providing this guide on navigating the latest sustainability requirements that may apply to them now or in the future. Regardless of their nature and size, any company will find guidance on the applicable regulations and the steps they should take to address sustainability disclosure requirements.

What will you find in this guide?

In this guide, you will find all the necessary information, practical recommendations and steps to follow for preparing and submitting sustainability reports under the new European reporting regulations (CSRD). We also explain in detail how to prepare and publish the Non-Financial Information Statement (NFIS) in accordance with the current Non-Financial Reporting Directive (NFRD).

The guide is structured into four sections, each dedicated to a group of companies with the necessary information on the requirements that apply to them and when, how and where they should report sustainability information.