Greg Burke
Published on:
Jul 9, 2024
The Corporate Sustainability Reporting Directive (CSRD) has introduced new, stringent requirements for businesses across the European Union. Among these is the need to conduct thorough stakeholder engagement as part of double materiality assessments. This involves gathering insights not just from customers, but from staff, suppliers, NGOs, and any other relevant stakeholders.
However, the challenge is clear: traditional methods of stakeholder engagement are time-consuming, costly, and require significant logistical coordination. So how do you balance compliance with efficiency? The answer is Tellet.
Tellet is designed to make stakeholder engagement easy, fast, and very affordable. Unlike traditional methods, which often involve multiple steps and extensive coordination, Tellet automates and simplifies the process. You can reach hundreds of stakeholders simultaneously, gathering rich, detailed insights without the usual hassle.
Double materiality assessments are a key component of CSRD reporting, requiring businesses to consider both financial and non-financial impacts. With Tellet, you can easily gather the necessary input from a wide range of stakeholders, ensuring that your assessments are comprehensive and accurate. The platform’s AI-driven interviews are designed to dig deep, capturing the nuances that are often missed in traditional surveys.
One of the primary concerns with any stakeholder engagement tool is data security. Tellet is built on Azure OpenAI, ensuring that your data is never used to train AI models and remains securely within the European Economic Area (EEA). We are committed to GDPR compliance and are in the process of completing our ISO27001 certification, so you can be confident that your data is handled with the utmost care.
The new CSRD requirements place a heavy burden on businesses, particularly when it comes to engaging with a broad spectrum of stakeholders. The traditional methods are not only slow but can also be prohibitively expensive, making it difficult to gather the necessary insights within the required timeframe.
Tellet changes the game by offering a solution that is both fast and affordable. Our platform enables you to conduct extensive stakeholder interviews in a fraction of the time it would normally take, all while keeping costs down. This means you can focus on what matters—gathering the insights you need to comply with CSRD—without worrying about breaking the bank.
Data protection is more important than ever, especially when dealing with sensitive stakeholder information. Tellet takes this responsibility seriously. We are fully GDPR-compliant, ensuring that all data collected is handled according to the highest standards of privacy and security. Furthermore, our ongoing ISO27001 certification process demonstrates our commitment to maintaining these standards over the long term.
The CSRD introduces a complex set of requirements, but with Tellet, compliance doesn’t have to be a headache. Our platform simplifies stakeholder engagement, making it fast, affordable, and secure. Whether you’re conducting double materiality assessments or broader stakeholder engagement, Tellet is the tool you need to meet your reporting obligations with confidence.
Don’t let CSRD reporting overwhelm you. Let Tellet make the process easy, so you can focus on driving your business forward.
I’m Greg and I’m the co-founder of a new kind of research platform called Tellet. We use AI to conduct and analyse research interviews for faster, deeper and more affordable insights.
Want a free trial? Book a demo with us, or drop me an email – greg@tellet.ai.
