Client:
A Ukrainian agri-holding organisation listed on the London Stock Exchange
Our role:
Conducting a double materiality assessment and performing a comprehensive gap analysis of current reporting processes. Developing and supporting the implementation of a sustainability reporting action plan. Assessment of data quality for upcoming assurance processes.
Country:
Ukraine
Setting the scene
Our client faced a significant challenge: the upcoming Corporate Sustainability Reporting Directive (CSRD) compliance deadline in 2028. While our client had previously produced a voluntary sustainability report, the mandatory CSRD standards represent a substantial leap in complexity, demanding deep knowledge of sustainability reporting.
Compliance also necessitated a fundamental shift in the client's internal processes to align with the new sustainability benchmarks. Understanding the scale of this task, our client engaged PwC Ukraine early in the process. Our team’s main challenge was the size and complexity of our client. With operations spanning across Ukraine and the Balkans and a diverse range of business activities — from land cultivation and feed production to poultry farming, animal husbandry, meat processing, and biogas complexes — the holding is a highly vertically integrated group.
How we helped
Firstly, we assisted in double materiality analysis. Secondly, we conducted a comprehensive CSRD readiness assessment, meticulously evaluating our client's existing operations and reporting capabilities against the stringent requirements of the European Sustainability Reporting Standards (ESRS). This included a detailed gap analysis, identifying specific areas where the client was not compliant, and we took a deep dive into internal processes for certain areas. Based on this assessment, we developed a tailored action plan, outlining concrete steps and timelines for achieving full ESRS reporting readiness.
Additionally, we supported the Group in preparing for EU Taxonomy disclosures – advising on the appropriate approach, technical criteria, and approach to the disclosures. Beyond the immediate reporting requirements, we helped lay the foundations for internal sustainability governance by growing knowledge within our client’s teams.
“With the rise of comprehensive sustainability regulations in the EU and Ukraine, we are committed to helping Ukrainian businesses adopt new standards and incorporate a sustainability-minded approach to doing business. The focus has shifted. While financial reporting remains essential, businesses are now increasingly assessed on their Environmental, Social, and Governance (ESG) performance, as a key indicator of long-term value.”
Anna Parokinna, Partner, Sustainability Leader, PwC UkraineImpact and potential
This project has the potential to create a ripple effect, driving positive change across the Ukrainian agricultural landscape and beyond. By equipping one of Ukraine's largest agri-holdings, a major player in the European market, with the tools and strategies for CSRD compliance, we're enabling them to pursue their ambitious goals in the sustainability course of the project.
We identified critical areas that had previously been overlooked. By aligning with CSRD requirements, the client not only streamlined their reporting processes but also created a framework for deeper engagement with suppliers on ESG matters. By raising ESG awareness across its value chain, our client is fostering a culture of sustainability that will extend beyond its operations, leading to more responsible practices across the industry.
Contact us
