CSG Group
Czechoslovak Group (CSG) is a global industrial and technology group based in the heart of Europe, building on the heritage of Czechoslovak industry.
Transparency and Disclosure of Information
At Czechoslovak Group, we believe that open communication and transparency are the cornerstones of trust and success, ensuring all stakeholders have access to clear, accurate, and timely information.
Our approach
Regulatory Compliance
Corporate Sustainability Reporting Directive (CSRD)
In alignment with the evolving regulatory landscape and the forthcoming requirements of the Corporate Sustainability Reporting Directive (CSRD), we anticipate that starting from 2025 our non-financial data will be audited by an independent auditor.
EU Taxonomy
In alignment with the evolving regulatory landscape and the forthcoming requirements of the Corporate Sustainability Reporting Directive (CSRD), we anticipate that starting from 2025 our non-financial data will be audited by an independent auditor.
Materiality Assessment
SASB
We have undertaken a comprehensive analysis of our portfolio based on the industry-specific SASB (Sustainability Accounting Standards Board) Standards, a framework that provides industry-specific benchmarks for reporting sustainable and socially responsible business practices.
Key Issues Identified
We have defined seven key sets of materiality issues that are critical for our businesses: Energy Management, Materials Sourcing & Efficiency, Product Design & Lifecycle Management, Data Security, Business Ethics. Product Quality & Safety and Waste & Hazardous Materials Management.
Explanation of Stakeholder Analysis Methodology
Through a process of stakeholder mapping, we have identified a diverse and comprehensive set of stakeholders as those most relevant and integral to our sustainability efforts. This identification process is crucial for understanding the varied needs, expectations, and impacts of those engaged with or affected by the Group’s activities. The process has included using the Power Interest Grid and consequent classification of stakeholder groups according to their relevance.
Stakeholder Engagement
We place paramount importance on the fostering of strong, transparent, and communicative relationships with our stakeholders. Recognizing that stakeholder engagement is pivotal to the success of our sustainability initiatives, we actively seek feedback and insights to shape our sustainability strategy, mission, and roadmap. This approach reflects a deep understanding of the fact that sustainable progress cannot be achieved in isolation: it requires the active participation and support of a broad spectrum of stakeholders.
Strategic approach
The Group’s strategic approach to stakeholder engagement ensures that efforts and resources are allocated efficiently, fostering the relationships that are crucial for advancing its sustainability agenda. By understanding and responding appropriately to the varying levels of stakeholder interest and impact, the Group leaves itself better positioned to achieve its sustainability goals while maintaining robust and constructive stakeholder relations.
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