Partners in sustainability: P3 Logistic Parks & Encon

CSRD compliance requires external sustainability expertise

P3 Logistic Parks, a leading owner and manager of logistics properties in Europe, faced a significant challenge: complying with the new Corporate Sustainability Reporting Directive (CSRD). This EU directive requires large companies to produce comprehensive and standardised sustainability reports. Although P3 met the criteria, the internal team lacked the specific knowledge and capacity to fully translate the complex legislation and regulations into practical actions. Without a full-time sustainability manager, there was a risk that the organisation would not meet the CSRD deadlines on time or in full.

Tailored support for CSRD compliance

Encon was engaged to support P3 with a bespoke workflow that fully integrates with the CSRD process that P3 had set up in collaboration with an external consultant. Our approach included:

• Attending workshops and meetings as a confidential advisor and trustee for the P3 team.
• Acting as an independent internal sounding board, providing advice and guidance during internal decision-making processes.
• Reviewing analyses, documents and deliverables from the external consultant to ensure quality and completeness.
• Ad-hoc support via telephone, email or video calls for quick queries and practical assistance.
• Support with the request for proposals for the assurance process and the auditor.

Through this approach, Encon became an integral part of the P3 team, providing the company with the necessary expertise and capacity without the need to appoint a full-time sustainability manager.

Compliance, capital advantage, competitive strength and future value

Thanks to the collaboration with Encon, P3 Logistic Parks realised concrete benefits:

• Access to capital and better financing terms: Transparent sustainability reporting increases attractiveness to sustainability funds.
• Competitive advantage and market opportunities: Clear and reliable sustainability reports strengthen brand value and customer loyalty.
• Long-term value creation: P3 is now better prepared for future regulations, climate change and societal expectations.

With Encon’s expert support, P3 Logistic Parks can confidently comply with the CSRD, whilst the team continues to focus on the core of their logistics property business.