Sustashift’s unique sustainability reporting tools save tens of thousands of euros
Summary
Sustashift is a recently established startup helping to address this challenge.We developed a software solution with templates guiding the user to respond to all the questions required by the standards. This increases the complexity of reporting, explains Sustashifts founder Verneri Laakkonen.Sustashift resolved the issue by determining the location of each digital mark-up in the model templates. Automation saves companies hundreds of hours of work and tens of thousands of euros each year, notes Laakkonen.Definition of materiality at the core of reportingThe planning of responsibility reporting begins with an impact assessment. The founder, Verneri Laakkonen, LLM, trained some of Finlands biggest companies in sustainability reporting requirements when working at Borenius Attorneys Ltd. He has also conducted materiality assessments and produced content for the sustainability reports of large companies.Few legal experts are familiar with the requirements of the new standards, but we now offer this service, he explains.At present, the company focuses on the Finnish market, but client needs and problems are similar elsewhere in the world too.The Universitys investment gave the courage to develop operationsThe University of Helsinki Funds invested 50,000 in Sustashift as part of the student entrepreneurship programme HELSEED.