Project name: Advisory Support for Tekstilpromet Group – Carbon Footprint Analysis and Sustainability Reporting in Line with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS)
Client: Tekstilpromet d.d.
Period: 12/2024 – 4/2025
Location: Croatia
In 2024, Oikon provided comprehensive advisory support to Tekstilpromet Group—comprising Tekstilpromet d.d. and Galeb d.d.—through two key sustainability projects: a full-scope carbon footprint analysis and the preparation of the Group’s first sustainability report aligned with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).
The carbon footprint analysis was conducted for the entire Group and covered all three categories of greenhouse gas (GHG) emissions in accordance with the GHG Protocol: direct emissions under Scope 1, indirect emissions from purchased energy under Scope 2, and other indirect emissions related to value chain activities under Scope 3. The analysis was based on the operational control approach and included emissions from textile manufacturing processes, space heating, company vehicle usage, electricity and heat consumption, and a wide range of Scope 3 categories such as purchased goods and services, transportation, waste, business travel, and product end-of-life treatment. Methodologies applied included HRN EN ISO 14064-1:2018, ISO/TR 14069, and the latest IPCC AR6 global warming potentials, ensuring precision and traceability across all emission data sources.
Parallelly, a consolidated sustainability report for 2024 was prepared and published as part of the Group’s Annual Consolidated and Audited Report. The report was developed through a structured, value chain-based approach that involved mapping key interaction points across both companies’ business models—retail, wholesale, and manufacturing. The process included ESG impact assessments, stakeholder mapping, double materiality analysis, and identification of key risks and opportunities in line with ESRS requirements. Special attention was given to the Group’s procurement and distribution practices, and all disclosures under ESRS E1, S1, and S4 were included despite the Group having fewer than 750 employees, reflecting a high level of voluntary transparency.
The project also ensured alignment with EU Taxonomy requirements, with analysis of the share of eligible and aligned activities in revenue, capital, and operational expenditures. Data collection was carried out through structured questionnaires, internal documentation, and regular consultations with company representatives. The final report underwent a limited assurance procedure with the Group’s external auditors.
Together, these two interconnected initiatives established a solid foundation for Tekstilpromet Group’s long-term climate strategy and sustainability governance, providing actionable insights for future decarbonization measures and improved ESG reporting.
The implementation of this project contributes to the following Sustainable Development Goals (SDGs):
