欧州財務報告諮問グループのイニシアティブ「Friends of EFRAG」へ国内初加盟

　booost technologies Co., Ltd. (Headquarters: Shinagawa, Tokyo; CEO: Hirokazu Aoi; hereafter referred to as "the Company"), which provides the integrated SX platform "Sustainability ERP" (※1) to accelerate corporate Sustainability Transformation (SX) (※2), is pleased to announce that in September 2024, it became the first Japanese company to join the "Friends of EFRAG" initiative. This initiative is led by the European Financial Reporting Advisory Group (EFRAG), a private organization responsible for developing and updating EU sustainability reporting standards and providing recommendations to the European Commission in preparation for compliance with the CSRD (Corporate Sustainability Reporting Directive) and ESRS (European Sustainability Reporting Standards).

 

■Background and Purpose of Joining "Friends of EFRAG

　booost technologies develops and provides the integrated SX platform, "Booost Sustainability Cloud", a Sustainability ERP that automates the collection and aggregation of over 1,200 data points related to environmental, social, and governance (ESG) information in compliance with international reporting standards. This platform enables real-time monitoring of sustainability data.

　Through the provision of Sustainability ERP, we support companies in efficiently collecting and analysing extensive sustainability data on a global scale, including data from suppliers and group companies. This helps streamline information disclosure processes and enhances corporate value based on data-driven insights.

　In recent years, the mandatory disclosure of non-financial information by companies has been accelerating. Particularly in the EU, the implementation of the Corporate Sustainability Reporting Directive (CSRD), a new regulatory framework requiring large corporations to disclose their environmental, social, and governance (ESG) impacts, has made ESG reporting a legal obligation. This marks a significant transformation in the global regulatory environment. While these new regulations pose considerable challenges, they simultaneously present an opportunity to enter in a new era of sustainable capitalism.

　In our commitment to realizing a sustainable society, our company has actively promoted ESG management for Japanese companies operating globally. By joining the "Friends of EFRAG" initiative, we aim to acquire deeper knowledge and expertise in European financial and sustainability reporting standards. We believe this marks a significant step forward in accelerating our clients' compliance with CSRD and ESRS requirements.

 

■Activities

　By becoming the first Japanese company to join the "Friends of EFRAG" initiative, we aim to contribute to strengthening European sustainability reporting practices, enhance corporate value, and build sustainable business models. Additionally, we seek to establish our position as a leading company in ESG disclosure through the following efforts:

• Access to the Latest CSRD/ESRS Information: By receiving direct updates from EFRAG, we will enhance the precision of disclosure processes related to CSRD and ESRS.
• Strengthened Collaboration with EFRAG: Participating in EFRAG-hosted events and engaging with representatives will allow us to build an international network, stay informed about global ESG trends, and invite members of "Friends of EFRAG" to seminars and events, we host. These interactions will facilitate valuable information exchange.

 「Friends of EFRAG」website

 

　Our company develops and provides an integrated SX platform, the Sustainability ERP "booost Sustainability Cloud", which automates the collection and aggregation of sustainability data, covering over 1,200 data points related to environment, society, governance, and more. The platform also enables real-time monitoring. The "booost Sustainability Cloud" is equipped with data governance features suitable for global use, supporting multi-layered approval workflows within organizations, including groups and supply chains. It is designed to accommodate third-party assurance processes and provides comprehensive functionalities to streamline and optimize tasks related to sustainability reporting across different phases. Since its launch, the platform has been adopted by approximately 2,000 companies and over 186,000 locations in more than 80 countries (as of October 2024), mainly by large enterprises. Additionally, we are expanding our sustainability consulting services and supporting businesses in driving sustainability transformation (SX), contributing to enhancing corporate value.

　

＜Company Profile＞
Company Name: booost technologies inc.
Location: Shin-Osaki Kangyo Building 10F, 1-6-4 Osaki, Shinagawa-ku, Tokyo
Established: April 15, 2015
Representative: Hirokazu Aoi, President, and Representative Director
Capital: 100 million yen (as of June 30, 2023)
Development and operation of “boost Sustainability Cloud
Provision of sustainability consulting services
Corporate website: https://booost-tech.com/

 

booost and BOOOST are registered trademarks of booost technologies inc.

(※1) The Sustainability ERP "booost Sustainability Cloud" is an integrated SX platform for managing sustainability information of both the company and its suppliers. It automates the collection and aggregation of sustainability-related data, including more than 1,200 data points related to environment, society, governance, etc., in compliance with international disclosure standards. The platform enables real-time monitoring and features global data governance capabilities, allowing for multi-layered approval workflows within organizations, including those in supply chains. It is designed to accommodate third-party verification and streamline/optimize operations related to sustainability data disclosure, offering comprehensive functions in phases. Since its launch, it has been introduced to approximately 2,000 companies (with over 186,000 sites as of October 2024) across more than 80 countries, mainly large corporations.

(※2) Sustainability Transformation (SX) refers to the synchronization of societal sustainability and corporate sustainability, as well as the necessary business and management transformations to achieve this. "Synchronization" means improving societal sustainability through the provision of long-term value that contributes to social sustainability while enhancing the company's ability to generate long-term, sustainable growth (profitability) and drive further value creation. (Source: Ito Report 3.0)

(※3) CSRD: Corporate Sustainability Reporting Directive, ESRS: European Sustainability Reporting Standards.