Lucanet's ESG report 2024: Transparency beyond regulatory requirements

Regulatory changes in 2025 altered the CSRD (Corporate Sustainability Reporting Directive) reporting landscape, placing Lucanet Group below the mandatory reporting threshold following the EU's Omnibus initiative. Rather than reducing our disclosure commitments, we have chosen to voluntarily adopt EFRAG´s VSME (Voluntary sustainability reporting standard for non-listed micro, small and medium enterprises) standard. Therefore, Lucanet decided to report for the fiscal year 2024 according to Basic Module and Comprehensive Module, the most thorough level of voluntary reporting under VSME.

This decision reflects our belief that transparency drives accountability. As regulatory frameworks evolve, our commitment to sustainability disclosure remains constant. This report maintains the material sustainability topics from our Double materiality assessment, systematically transferring them from CSRD framework to VSME. Through voluntary adoption of this standard, we demonstrate that accountability drives our ESG performance - not regulatory requirements.

Our 2024 report provides an overview of our progress across climate action, workforce development, and governance excellence. Serving as a trusted partner to 6.000+ customers across 50 countries, we recognize that our credibility as a global leading provider of Office of the CFO software solutions is directly linked to the integrity of our own ESG practices and operations.
 

Download the ESG report 2024

Key achievements in 2024

Our 2024 performance demonstrates measurable progress across our ESG priorities, validated through independent third-party assessment, and aligned with internationally recognized frameworks. This progress was supported by continued investment in our workforce, which grew 16% across 14 countries.
 

Digital trust as competitive advantage

Lucanet was awarded the CyberVadis Gold Certificate in Cybersecurity Assessment for 2024, achieving a "Mature" rating with a score of 936/1000. This recognition places us in the highest tier of cybersecurity maturity globally, directly supporting our customers' confidence in our CFO Solution Platform. As a certified Cloud provider, we follow the highest industry standards to safeguard customer information. The certificate is publicly available at our TrustCenter.

 

Independent ESG validation achieved

With the achievement of EcoVadis Sustainability Rating, Lucanet positions itself in the top 37% of assessed companies within the IT services sector. This assessment evaluated our performance across Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, providing independent validation of our ESG management systems and demonstrating our commitment to responsible business practices across our global operations.

 

Science-based climate targets ready for validation

We completed our Science-based Targets in 2024 and submitted them for official validation in 2025. These targets establish specific emission reduction pathways aligned with climate science. In 2024, we reduced our Scope 1 GHG emissions from 71.75 to 52.00 tCO₂e, a 27% reduction. Our SaaS delivery model inherently reduces infrastructure footprint compared to on-premise alternatives, supporting customer sustainability objectives.

 

Building responsible innovation capabilities

In 2024, Lucanet established crucial foundations for artificial intelligence adoption across both our product portfolio and operational capabilities, creating frameworks that enable responsible innovation. We made significant progress embedding AI capabilities into our solutions through comprehensive experimentation and research initiatives.

These foundations positioned us for accelerated AI adoption in 2025, where we continued implementing structured approaches to AI integration while maintaining our commitment to responsible innovation.

 

Our commitment to voluntary reporting

The shift from mandatory to voluntary reporting could have been an opportunity to reduce disclosure. Instead, we've adopted VSME's most comprehensive option to maintain sustainability reporting standards. We systematically transferred four material sustainability topics identified through our Double materiality assessment to the VSME framework.

This approach aligns with our product philosophy. Our Disclosure Management, Tax Compliance, Consolidation, and ESG Reporting solutions deliver accurate, auditable data that support business decisions. Applying the same standards to our own reporting reinforces the credibility of the solutions we provide.

Looking ahead

Our priorities for the coming period include ongoing development of our ESG data management capabilities, continued enhancement of our cybersecurity posture, and ongoing development of our people through targeted initiatives. We remain focused on delivering consistent, measurable progress through transparent, independently verifiable reporting. We're committed to sharing what we learn from our own sustainability journey to support the businesses we serve.

 

About this report

Following the EU's Omnibus Initiative, Lucanet Group falls below the revised thresholds for mandatory CSRD reporting. We have voluntarily adopted the VSME (Voluntary Simplified Minimum European) standard, specifically selecting Option B: Basic Module and Comprehensive Module. This report covers fiscal year 2024 and was created within Lucanet’s ESG reporting and Disclosure Management solutions.