Introducing the ESG Tool: a new platform for sustainable corporate governance

On September 10, more than 120 participants from across the Baltic Sea region joined a webinar introducing the newly launched ESG Tool – a free online platform designed to support sustainable corporate governance. The session was held in English and led by sustainability expert Kadi Ilves.

The discussions revealed why companies are showing strong interest in the ESG Tool:

• Growing market demand and the need to meet ISO certification requirements

• The importance of understanding what to report on, not only how to report

• Added value for small and medium-sized enterprises, as the tool visualizes results directly from their input

The ESG Tool does not produce reports on behalf of companies. Instead, it acts as a guide through the sustainability journey – helping to identify material topics, set targets, and provide structured input for reporting. Companies are encouraged to view the results not only as compliance tools, but as insights that can drive meaningful impact.

A key question raised during the webinar concerned the tool’s alignment with evolving European Sustainability Reporting Standards (ESRS): “The tool is based on the old ESRS. Will it be updated according to the revised ESRS?”

The response confirmed that the methodology is based on a standard risk assessment framework, ensuring consistency and reliability as regulations evolve. Even if ESRS requirements become less detailed, the process of identifying, assessing, and prioritizing ESG issues remains unchanged – meaning that no key topics are overlooked.

Developed in cooperation with partners from Estonia, Latvia, Lithuania, and Finland under the Interreg Baltic Sea Region program, the ESG Tool provides businesses with guidance, structure, and clarity on their path toward sustainability.

For companies determined to future-proof their strategies, the ESG Tool offers a practical framework to navigate the complexities of ESG and transform compliance into long-term value creation.

The recording of the webinar is open for all.
🎥 👉 Watch here.

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