FAQs

Frequently asked questions

We have compiled the most important questions about our product and services for you. If you can't find an answer here, please contact us directly - we'll be happy to help you!

All

How does WAVES simplify the CSRD reporting process for companies?

WAVES provides a user-friendly platform that automates and simplifies the entire sustainability reporting process, from data collection to report creation.

CSRD

What is the difference between the Non-Financial Reporting Directive (NFRD) and the CSRD?

The CSRD expands the NFRD's requirements by including more detailed reporting and a broader group of companies, including SMEs.

CSRD

What requirements does the CSRD impose on companies regarding sustainability reporting?

Companies must report comprehensively on their sustainability strategies and their impact on the environment, society, and corporate governance.

CSRD

Why is it important to calculate the carbon footprint of products?

Calculating the product carbon footprint helps companies understand their environmental impact and set reduction targets for their product lines.

Carbon Footprints

How does WAVES calculate a company's carbon footprint?

WAVES calculates the corporate carbon footprint based on emissions from energy consumption, logistics, and other relevant areas using TÜV-certified methods.

Carbon Footprints

What role does the carbon footprint play in a company's sustainability strategy?

The carbon footprint helps measure a company's ecological impact and is crucial for compliance with environmental regulations and communicating sustainability goals.

Carbon Footprints

How can a company reduce its carbon footprint?

Companies can reduce their carbon footprint by improving energy efficiency, using sustainable materials, and optimizing emissions from the transport sector.

Carbon Footprints

How does the WAVES platform help companies reduce transport emissions?

The WAVES platform provides detailed emissions reports and optimized recommendations for reducing emissions in logistics and transport.

Transport Emissionen

What data is required to calculate transport emissions accurately?

WAVES requires data on vehicle types, quantities transported, distances traveled, fuel used, and respective emission factors.

Transport Emissionen

Why are transport emissions important for businesses?

Transport emissions are crucial as they significantly impact a company's overall CO₂ output and need to be tracked for compliance with environmental regulations in many countries.

Transport Emissionen

What does demand forecasting mean?

Demand forecasting is the process of predicting future demand in order to efficiently plan production, purchasing and logistics.

Demand Forecasting

How does WAVES help with the EU taxonomy?

WAVES assesses the compliance of business activities with the EU taxonomy and prepares corresponding reports for the CSRD.

EU Taxonomie

What is the EU taxonomy?

The EU taxonomy is a classification system that defines which economic activities are considered ecologically sustainable.

EU Taxonomie

How does WAVES help companies comply with CSRD requirements?

WAVES provides a complete solution for CSRD-compliant calculation and reporting of all relevant ESG data, including CO₂ emissions and other indicators.

CSRD

What is the Corporate Sustainability Reporting Directive (CSRD) and who is affected?

The CSRD requires companies in the EU to provide detailed sustainability reports if they exceed certain employee or financial thresholds, such as more than 250 employees.

CSRD

How does WAVES support the calculation of carbon footprints?

WAVES offers tools to calculate both the corporate carbon footprint and the product carbon footprint — fully verifiable and CSRD-compliant.

Carbon Footprints

What is a carbon footprint and how is it measured?

A carbon footprint measures the total amount of greenhouse gases directly or indirectly caused by a product, company, or activity.

Carbon Footprints

How does WAVES assist in calculating CO₂ emissions in the transport sector?

WAVES calculates transport emissions automatically using TÜV-certified methods based on real shipment, route, and vehicle data.

Transport Emissionen

What are transport emissions and how do they occur?

Transport emissions refer to CO₂ emissions generated by the movement of goods and services – including by trucks, ships, or airplanes.

Transport Emissionen

Why should a company use WAVES SMP?

CSRD (Corporate Sustainability Reporting Directive) imposed or proactively promoted through our own sustainability management and appropriate measures within the company. In the EU, companies of a certain size are already required to prepare sustainability reports and publish information on the impact of their economic activities on the environment, society and governance.

Using SMP therefore offers many advantages:

Companies that use SMP to support a more sustainable corporate orientation receive transparency through relevant sustainability indicators.
They can increase their energy efficiency, CO₂ and thus save money.
Recent studies have shown that sustainability measures can also improve a company's net profit by up to 8%.
Prices for energy and CO₂-Emissions will continue to rise, and the EU climate targets were further tightened in 2021. Laws such as the Supply Chain Act in Germany came into force in January 2023, the CSRD on 01.01.2024.
With SMP, a company is ideally positioned to meet future challenges in the area of sustainability.
Customers who use logistics services no longer only choose their transport company based on the criteria of “price” and “duration,” but also on how sustainably the transport and logistics company operates.
More and more consumers value sustainability and careful use of resources and demand the same from companies. The SMP serves thanks to TÜV-certified calculations as a pioneer for companies in order to be able to present themselves credibly and verifiably as a sustainable player in terms of public image.
Compliance: SMP is safe to use and covers all current standards.

Sustainability-Management-Plattform

What is the WAVES SMP and what features does it have?

The multi-award winning Sustainability Management Platform (SMP) from WAVES is a software tool that helps companies manage their sustainability and report their sustainability indicators. The TÜV-certified calculation of CO, for example₂-Emissions creates transparency and enables companies to measure and reduce the negative impact of their economic activities on the environment and society and report their sustainability efforts to stakeholders such as investors, banks, authorities, customers or business partners. Effective sustainability measures for companies can be derived from the meaningful analyses, which are based on real data in the SMP dashboard. The tool can also calculate intermodal transport chains (truck, ship, train, plane) and the corporate carbon footprint of office and production sites. Reporting under the CSRD (Corporate Sustainability Reporting Directive) in conjunction with the EU taxonomy can also be supported on a tool-based basis using the software and a proprietary solution. The aim of the platform is to map all relevant ESG indicators in ONE platform and to make the sustainability effects of a company's economic activities transparent and manageable, to report on them and to enable the circular economy in the long term.

Sustainability-Management-Plattform

What is the EU taxonomy and who does it affect?

Uniform classification system for environmentally sustainable management introduced, which provides investors, banks and other institutions with guidance on allocating resources to sustainable investments.

The regulation requires certain companies to inform how their turnover, operating expenditure (OpEx) and capital expenditure (CapEx) are in relation to the six environmental objectives set out in the EU taxonomy:
1. Climate protection
2. Adapting to climate change
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Preventing and reducing environmental pollution
6. Protecting and Restoring Biodiversity and Ecosystems
‍
‍What information must companies disclose?
‍Companies that are subject to the taxonomy reporting requirement must provide three KPIs in particular with regard to their economic activities:

Share of taxonomy-compliant revenue in total turnover
Share of taxonomy-compliant operating expenditure in total operating expenditure
Share of taxonomy-compliant capital expenditure in total capital expenditure

In order for the revenue, CapEx and OpEx associated with an economic activity to be classified as sustainable in accordance with the EU taxonomy, the economic activity must meet the following 3 criteria:

It must make a significant contribution to one of the above 6 environmental goals
It must not significantly impair one of the other five environmental goals (DNSH/Do No Significant Harm Criterion)
It must not violate minimum social standards (minimum safeguards)

‍Which companies fall under the EU taxonomy reporting requirement?
‍In principle, all companies that fall under the Non-Financial Reporting Directive are also required to disclose information on the compliance of their economic activities with the EU taxonomy. Financial market players and corporations with more than 500 employees and a balance sheet total of more than 25 million euros or a turnover of more than 50 million euros are required to report. The number of companies subject to reporting requirements will be gradually expanded over the next few years.

Sustainability-Management-Plattform

Was ist die CSRD und wen betrifft sie?

The year 2024 marks a decisive turning point for companies when it comes to sustainability reporting. With the CSRD (Corporate Sustainability Reporting Directive) The existing requirements for non-financial reporting will be significantly expanded. All companies established in the EU (with the exception of micro-enterprises) are covered by the new reporting requirement. In addition, all non-capital market-oriented companies are subject to the CSRD if they meet two of the following three criteria: Balance sheet total > 25 million EuroNettoRevenue > 50 million euroNumber of employees > 250 This means that around 50,000 companies in the EU are affected by the directive, around 15,000.In addition, the CSRD also affects third-country companies with a turnover of at least 150 million euros in the EU whose subsidiaries are the above size meet criteria or whose branches achieve a turnover of more than 50 million euros. The aim of the CSRD is to increase the accountability of European companies over sustainability aspects and with ESRS (European Sustainability Reporting Standards) to introduce binding reporting standards at EU level for the first time. Greater quantification of report content using appropriate indicators in the areas of environment, social and governance should also strengthen the measurability and comparability of information. In order to make it easier for stakeholders such as banks and investors to access sustainability information, this should be a mandatory part of the financial management report in the future. In doing so, the EU wants to gradually give sustainability reporting the same status that traditional financial reporting already has. In order to ensure the credibility and reliability of published information and to prove that it meets the requirements of the Directive, sustainability reporting, as well as financial reporting, must be audited by an independent external body.

Sustainability-Management-Plattform

Was ist die CSRD und wen betrifft sie?

Sustainability-Management-Plattform

What is the EU taxonomy and who does it affect?

Share of taxonomy-compliant revenue in total turnover
Share of taxonomy-compliant operating expenditure in total operating expenditure
Share of taxonomy-compliant capital expenditure in total capital expenditure

It must make a significant contribution to one of the above 6 environmental goals
It must not significantly impair one of the other five environmental goals (DNSH/Do No Significant Harm Criterion)
It must not violate minimum social standards (minimum safeguards)

Sustainability-Management-Plattform

What is the WAVES SMP and what features does it have?

Sustainability-Management-Plattform

Why should a company use WAVES SMP?

Companies that use SMP to support a more sustainable corporate orientation receive transparency through relevant sustainability indicators.
They can increase their energy efficiency, CO₂ and thus save money.
Recent studies have shown that sustainability measures can also improve a company's net profit by up to 8%.
Prices for energy and CO₂-Emissions will continue to rise, and the EU climate targets were further tightened in 2021. Laws such as the Supply Chain Act in Germany came into force in January 2023, the CSRD on 01.01.2024.
With SMP, a company is ideally positioned to meet future challenges in the area of sustainability.
Customers who use logistics services no longer only choose their transport company based on the criteria of “price” and “duration,” but also on how sustainably the transport and logistics company operates.
More and more consumers value sustainability and careful use of resources and demand the same from companies. The SMP serves thanks to TÜV-certified calculations as a pioneer for companies in order to be able to present themselves credibly and verifiably as a sustainable player in terms of public image.
Compliance: SMP is safe to use and covers all current standards.

Sustainability-Management-Plattform

How does WAVES assist in calculating CO₂ emissions in the transport sector?

WAVES calculates transport emissions automatically using TÜV-certified methods based on real shipment, route, and vehicle data.

Transport Emissionen

How does the WAVES platform help companies reduce transport emissions?

The WAVES platform provides detailed emissions reports and optimized recommendations for reducing emissions in logistics and transport.

Transport Emissionen

What are transport emissions and how do they occur?

Transport emissions refer to CO₂ emissions generated by the movement of goods and services – including by trucks, ships, or airplanes.

Transport Emissionen

What data is required to calculate transport emissions accurately?

WAVES requires data on vehicle types, quantities transported, distances traveled, fuel used, and respective emission factors.

Transport Emissionen

Why are transport emissions important for businesses?

Transport emissions are crucial as they significantly impact a company's overall CO₂ output and need to be tracked for compliance with environmental regulations in many countries.

Transport Emissionen

How can a company reduce its carbon footprint?

Companies can reduce their carbon footprint by improving energy efficiency, using sustainable materials, and optimizing emissions from the transport sector.

Carbon Footprints

How does WAVES calculate a company's carbon footprint?

WAVES calculates the corporate carbon footprint based on emissions from energy consumption, logistics, and other relevant areas using TÜV-certified methods.

Carbon Footprints

How does WAVES support the calculation of carbon footprints?

WAVES offers tools to calculate both the corporate carbon footprint and the product carbon footprint — fully verifiable and CSRD-compliant.

Carbon Footprints

What is a carbon footprint and how is it measured?

A carbon footprint measures the total amount of greenhouse gases directly or indirectly caused by a product, company, or activity.

Carbon Footprints

What role does the carbon footprint play in a company's sustainability strategy?

The carbon footprint helps measure a company's ecological impact and is crucial for compliance with environmental regulations and communicating sustainability goals.

Carbon Footprints

Why is it important to calculate the carbon footprint of products?

Calculating the product carbon footprint helps companies understand their environmental impact and set reduction targets for their product lines.

Carbon Footprints

How does WAVES help companies comply with CSRD requirements?

WAVES provides a complete solution for CSRD-compliant calculation and reporting of all relevant ESG data, including CO₂ emissions and other indicators.

CSRD

How does WAVES simplify the CSRD reporting process for companies?

WAVES provides a user-friendly platform that automates and simplifies the entire sustainability reporting process, from data collection to report creation.

CSRD

What is the Corporate Sustainability Reporting Directive (CSRD) and who is affected?

The CSRD requires companies in the EU to provide detailed sustainability reports if they exceed certain employee or financial thresholds, such as more than 250 employees.

CSRD

What is the difference between the Non-Financial Reporting Directive (NFRD) and the CSRD?

The CSRD expands the NFRD's requirements by including more detailed reporting and a broader group of companies, including SMEs.

CSRD

What requirements does the CSRD impose on companies regarding sustainability reporting?

Companies must report comprehensively on their sustainability strategies and their impact on the environment, society, and corporate governance.

CSRD

How does WAVES help with the EU taxonomy?

WAVES assesses the compliance of business activities with the EU taxonomy and prepares corresponding reports for the CSRD.

EU Taxonomie

What is the EU taxonomy?

The EU taxonomy is a classification system that defines which economic activities are considered ecologically sustainable.

EU Taxonomie

What does demand forecasting mean?

Demand forecasting is the process of predicting future demand in order to efficiently plan production, purchasing and logistics.

Demand Forecasting

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Frequently asked questions

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