In 2024, Kallista Energy carried out a double materiality analysis, an exercise governed by the CSRD that aims to identify, firstly, its positive and negative impacts on the environment and society, and secondly, the risks and opportunities related to these issues. This study, which took place over a six-month period, involved many functions of Kallista Energy (General Management, Finance, Project Development, Operations, Construction, Human Resources, Legal, CSR, Communication, etc.) and made it possible to explore the most important issues for Kallista Energy. The group drew on the expertise of an independent firm to carry out this double materiality analysis. This was based not only on the experience of Kallista Energy employees, who have an excellent understanding of the issues with various stakeholders, but also on extensive bibliographic research, recommendations from rating agencies (MSCi, SASB, S&P Global, etc.) and resources from international databases (SHDB, Encore, etc.).
Following this double materiality analysis, Kallista Energy studied the indicators required as part of the CSRD to identify areas for improvement in its CSR policy.This year, Kallista Energy also decided to freely draw inspiration from the CSRD report structure to enhance the presentation of its CSR report.
- Includes four main sections: General information, Environment, Social and Governance as prescribed by the CSRD;
- Draws on the CSRD thematic standards (ESRS) to address each of these sections: major environmental themes, key stakeholder categories, etc.
- For each material issue important to Kallista Energy, it provides: a presentation of the issue and the main results of the double materiality analysis conducted in 2024, followed by key figures, policies/actions and associated commitments.
The CSRD (Corporate Sustainability Reporting Directive) is a European directive that aims to regulate the non-financial reporting of large companies, i.e. how companies publish information on their consideration of environmental, social and governance (ESG) issues. Even though Kallista Energy was not subject to this regulation in 2024 and may not be subject to this regulation in the future (a proposal is under review to include only companies with more than 1,000 employees within the scope of the regulation), the company has decided to voluntarily adopt this regulation as a guideline (therefore in a simplified framework, without, in particular, an audit).
