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Compact ESG Software for small and medium-sized Enterprises

For companies that want to become ESG ready but don't know where and how to start.
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Get your first ESG report in just 3 steps

1.
keyboard with two hands
Enter your company data
Here you enter general company information or simply select it based on predefined information, such as legal form, industry, number of employees, revenue, etc.
2.
process diagramm
Go through an automated process
You then go through an automated process in 9 steps, which we call a "sprint". These steps build on each other and lead to your first sustainability approach and sustainability report.
3.
report sheet
Download your ESG report
Here you will receive all the data collected in the previous steps in the form of an initial ESG report.

Who is ESGendium intended for?

For small and medium-sized enterprises (SME) that:
1.
Have little or no knowledge of sustainability or ESG
2.
Want to become more sustainable as quickly and cost-effectively as possible without expensive sustainability experts

3.
Understand the complex ESG criteria (environmental, social, governance) and want to implement them easily
4.
Must provide initial ESG information to their stakeholders such as banks, insurers, large corporate clients or investors

5.
Fear risks due to a lack of sustainability information and want to reduce that that risk

6.
Want to take advantage of potential opportunities to become more sustainable and competitive in the market by making the company more sustainable

7.
Want to communicate that they are more sustainable as part of marketing and PR strategy

What is ESGendium's value add?

ESGendium saves 90% of work, time and costs

Without ESGendium

Internal or external sustainability/ESG experts required

ESG setup including an ESG report in 2 - 4 months

  • No rapid response to ESG related stakeholder inquiries e.g. from banks or major customers
  • Lengthy ESG risk analysis

Typical costs for initial ESG setup amount 20,000 to 30,000 € - an ESG report is often times not even included

Ongoing costs

For example, costs for ESG software or internal or external sustainability experts

With ESGendium

Without internal or external sustainability/ESG experts

No prior ESG knowledge required

Initial ESG setup including a basic ESG report in just 2-3 hours

  • Quick response to ESG-related stakeholder inquiries
  • Immediate analysis of ESG opportunities and risks

ESG-Setup for only €990 per year - initial ESG report included

No ongoing costs

Software-based and automated management of ESG data

Sustainable SMEs are also in the interest of stakeholders

More and more stakeholders want to support their corporate customers or partners in becoming more sustainable.
1.
Banks
2.
Insurer
3.
Private Equity
4.
Associations
5.
Chambers of Commerce and Trades
6.
Commerce of Crafts
7.
Municipalities

How does ESGendium work? 

Simple and easy to understand
ESG Sprint
ESG Management
ESG Marathon
Coming soon

The ESG Sprint is an automated process that enables companies to set up an initial sustainability approach in around 2 hours - without any prior knowledge or internal or external sustainability consultants. This sustainability approach is basically a solid foundation that every company needs in order to become holistically sustainable. The sprint helps companies to recognize and implement the following things:

  • The key sustainability and ESG issues for your company 
  • Your relevant stakeholders 
  • Your ESG opportunities & risks 
  • Initial ESG targets and KPIs 
  • A holistic ESG strategy 
  • An initial ESG report 
important topics display in web app

In the "ESG Management" module, the sustainability data recorded in the "ESG Sprint" for the individual steps can be viewed again separately and continuously updated if there are any significant changes in the company, such as a change in the number of employees, new locations, taking out a loan or similar. A new ESG report can then be downloaded in no time at all and made available to stakeholders at any time on request.

In addition, ESGendium informs users of important regulatory changes that may affect companies. This makes internal or external sustainability consultants superfluous or takes a lot of work off their hands. 

dashboard in web app

Now that an initial ESG setup has been created with the "ESG Sprint", the ESG Marathon builds on top of it. It allows to enter comprehensive ESG data and conduct an actual stakeholder survey. 

The purpose of the ESG Marathon is to go into the depths of ESG and to concretize one's own ESG data.

In contrast to the ESG Sprint, the ESG Marathon is, as the name suggests, a continuous and strategic process that leads companies towards a more sustainable orientation. The ESG Marathon also serves as a springboard for the implementation of national or international frameworks, standards or regulations (which, however, are not relevant for most SMEs), such as:

DNK (German Sustainability Code)
German standard for ESG reporting
UN Global Compact
Commitment to comply with 10 international minimum social and environmental standards.
UN SDGs (UN Sustainable Development Goals)
17 goals for sustainable development on an ecological, social and economic level. Selection of individual goals that your company pursues.
GRI (Global Reporting Initiative)
Comprehensive international guideline for the preparation of an ESG report
GHG (Greenhouse Gas Protocol)
International standard framework for recording greenhouse gas emissions (Scope I, II and III).
TCFD (Task Force on Climate-related Financial Disclosures)
The purpose of the TCFD is to appropriately assess and evaluate climate-related risks and opportunities.
EU Taxonomy
Comprehensive EU regulation that includes which activities are to be considered sustainable, which environmental targets should be pursued, which KPIs should be used, etc.
Coming soon
Will be available in stages with additional features from Q2/2024. See frequently asked questions. 

Potential risks for companies that do not have an ESG setup

1.
Loss of major business customers or partners
2.
Poorer credit conditions from banks or no prolongation of loan
3.
Higher insurance rates

4.
Less attractive to potential employees
5.
Negative external impact and reputational damage
6.
Risks due to lack of ESG checks of suppliers
7.
Loss of corporate and retail customers due to increasing competitive pressure

How do enterprises become more sustainable?

How not to do it
👎
Small and medium-sized companies often do not know where and how to deal with the complex topic of "becoming more sustainable" or "ESG". This often leads to them either do nothing at all or postpone "becoming more sustainable" as far as possible because they are supposedly not yet affected by the regulations.

Others take a very actionist and unstructured approach, e.g. by defining superficial behavioral and environmental guidelines, joining initiatives or developing individual, industry-specific certificates, but not covering the full range of ESG.

Once the foundation has been laid incorrectly, it is difficult for companies to start the whole thing all over again afterwards. At the latest when the bank or another stakeholder asks for a structured ESG approach, the companies have to get it right again.
How to do it
👍
For small and medium-sized companies in particular, it is important to address the issue of sustainability and implementation of the ESG criteria in a structured manner. As a result, they are "Becoming more sustainable" while saving time and money.

ESGendium is therefore structured in such a way that our solution enables companies to take an initial rapid approach to sustainability without the need for prior knowledge of ESG criteria or the need for internal/external sustainability experts.

With the help of the "ESG Sprint", companies initially receive a solid and structured sustainability basis that they can implement in their corporate strategy. Once the foundation has been laid, further sustainability development is deepened and continuously continued with the help of the "ESG Marathon".

This structured approach is also implemented in practice by specialist sustainability consultants. As a small or medium-sized company, you are therefore well prepared for both regulatory requirements and inquiries from various stakeholders.

Affordable Prices for SME

How to get started: Get started with the free trial version first. If you like it, you can then switch to the full version.

Try for free

FEATURES

Test free of charge
Run through preselected demo process
View example ESG report
Try for free

990€

per year
Annual billing. Can be canceled annually.

FEATURES

Determine all material sustainability topics
Select relevant stakeholders
Recognizing your own ESG opportunities and risks
Define and optimize your own ESG goals, KPIs and strategy
Additional features, such as the "ESG Marathon". That and other features are still being developed and are expected to be released in Q2/2024. The surcharges for the additional functions such as the ESG Marathon will only be applied when the annual subscription is renewed.
Start now
All prices plus VAT. Currently, each company can be provided with one access. The option of multiple accesses for additional users is under development and is expected to be available from Q2/2024.

Our Team

picture of founder
Wali Manan
Co-Founder & Business Development
Erik Garstka
UX/UI-Designer
founder
Michael Busse
Co-Founder & Product
Jakob Riga
Developer

Our Advisory Board

Prof. Dr. Ulf Moslener
Professor for Sustainable Energy Finance
Frankfurt School of Finance
Prof. Dr. Klaus-Michael Ahrend
CEO
HEAG Holding AG
Britta Lindhorst
Head of European Investment
HQ Capital
Henrik Jondell
CTO
Finoa Digital Asset Custodian

Frequently Asked Questions

We have compiled answers to some of the most frequently asked questions here. If you cannot find what you are looking for, you can contact us directly at any time.
1. What exactly do you get with ESGendium? What value add does it offer to companies?
With the "ESG Sprint" module, ESGendium offers companies an automated process that is also used in practice by sustainability consultants. It helps companies to obtain an initial, general but very structured approach to sustainability and to better understand and correctly implement the topic of ESG in the context of their own company.
2. How do you get started with ESGendium?
Companies can sign-up and create their own company account. Once the account has been created, users are taken to an intro screen that briefly explains how ESGendium is used. The ESG Sprint can then be started directly, which leads to the ESG report.
3. How long does the entire process take to produce a sustainability report?
Once you have registered, you can start the ESG Sprint straight away. This then takes approx. 2-3 hours if you do it all at once. However, this does not necessarily have to be the case. You can start with the ESG Sprint and continue where you left off at any time. The data is automatically saved at the last status and after logging in again, the process can be continued from where you last left off. By way of comparison, experience shows that a similar sustainability approach and first sustainability report takes around 2-3 months with a sustainability consultant.
4. What happens after you have gone through the ESG Sprint and have your sustainability report?
Then congratulations! Because with such a structured sustainability report, you have already taken a first (but big) step towards ESG. Just like with a personal ESG expert, the ESG Sprint provides companies with initial ESG targets, ESG KPIs and initial recommendations for action, which the companies now have on their radar and can use to improve their sustainability performance. In the case of significant changes such as a new number of employees, the opening/closing of new locations, a change in legal form or similar must be updated in the ESG sprint, as this may change individual key topics, a few ESG targets, KPIs or parts of the strategy.Over the course of 2024, the "ESG Marathon" module will be successively developed and made available for use. The ESG Marathon will then go deeper into the individual ESG areas, where specific data such as CO2 values etc. will be requested. The ESG Marathon goes beyond the purely informal basis and requires more concrete data that companies can measure and optimize.
5. Is ESGendium sufficient as a pure software solution for companies that want to become more sustainable? Or do SMEs need an internal or external sustainability/ESG expert after all?
ESGendium is specifically designed for 2 types of small and medium-sized enterprises:1.) For SMEs that have little or no prior knowledge of sustainability and are looking for a solution that helps them become more sustainable in a simple and easy-to-understand way.2.) For SMEs that have undertaken initial activities in the area of sustainability but do not have a structured sustainability approach.ESGendium is absolutely sufficient for these 2 types of SMEs because it takes into account precisely those aspects of ESG-compliant alignment that stakeholders expect from small and medium-sized enterprises. ESGendium largely replaces or supplements the personal sustainability advisor and is basically a digital advisor that goes through exactly the same steps with the companies that a personal ESG advisor would go through with them. The difference is that ESGendium does it digitally and automatically, which speeds up the entire process and saves companies a lot of time and money.
6. Are industry-specific certificates or seals of approval sufficient as proof of sustainability?
No, they are not. It is important to stakeholders that companies understand sustainability in its entirety and integrate it into their overall corporate strategy, i.e. that they pursue a holistic and structured approach to sustainability. This requires companies to be aware of their material sustainability issues, their stakeholders, their ESG opportunities and risks, etc. It is not enough to cover only individual sub-areas of ESG such as greenhouse gas emissions, supply chain or similar.
7. How does ESGendium compare with the alternatives?
With a price of 990 Euros per year, ESGendium is over 90% cheaper than personal sustainability consultants. Sustainability experts usually charge 1,000 - 1,800 euros per day. As the development of a structured sustainability approach usually takes several weeks, the costs add up enormously. In the long term, this is therefore not a solution for small and medium-sized companies. Thanks to digital processes, many complex logics can be automated, which in turn leads to significant time and cost savings. The digitalization of complex processes is nothing new. There are already numerous software solutions that help inexperienced users with complex issues, such as bookkeeping or filing a tax return.
8. What payment options are there and what are the termination options?
Payment can be made by normal bank transfer, or credit card. The payment is yaerly and can be canceled at the end of the annual plan.

Why is it so important for society that small and medium-sized enterprises become more sustainable?
99% of all companies are SMEs, such as craft businesses, service providers, consulting companies, manufacturing companies, trading companies, etc.. And they account for around 60% of the economic output of all companies. This means that social goals such as stopping climate change, preserving biodiversity or improving the human rights situation at suppliers in emerging countries can only be achieved with the help of small and medium-sized enterprises. Both stakeholders and politicians have recognized this. And that is why, after large corporations and larger companies were the first to experience strong sustainability regulation, the focus is now shifting to small and medium- sized enterprises. It is therefore no longer an option for small companies to postpone the start of their own sustainability journey any longer.
Do small and medium-sized companies absolutely have to become sustainable or implement the ESG criteria?
This depends on various factors such as the number of employees, turnover or balance sheet size. In addition to regulatory requirements, various stakeholders such as banks, insurers, major business customers, investors and even the company's own employees are increasingly demanding that companies adopt a credible, more sustainable approach. In order to meet these demands, but also in their own interests (such as avoiding reputational damage or taking advantage of new market opportunities), it also makes sense for small and medium-sized companies to start "becoming more sustainable" as early as possible and to develop a structured ESG approach. Failing to do this or delaying it as much as possible can lead to enormous problems if one of the stakeholders (unexpectedly) asks about the company's sustainability status. In future, banks will also grant loans based on the scope and quality of ESG data. It will then make a significant difference, especially for SMEs, whether they pay 0.2% higher interest over 10 or 15 years or not. The same applies to insurance companies and insurance premiums or the awarding of contracts by large companies that pay attention to the assessment of rating agencies in the area of sustainability (e.g. assessment by EcoVadis).
ESGendium © 2024
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