How can you include a team building event in your extra-financial reporting ?

The extra-financial report, also known as the Declaration of Extra-Financial Performance (DPEF) in France, is a document that reports on a company’s social, environmental and governance performance. This report gives a clear vision on the initiatives carried out in terms of CSR (corporate social responsibility) for a company. This tool, although not mandatory for all companies, makes it possible to highlight commitments towards more sustainable and responsible practices. Providing information on activities such as team building in this report may be surprising, but these events represent a strategic lever to strengthen employee engagement and promote the company’s social performance. In this article, find out how to include team building in your extra-financial reporting and why it is an asset for your CSR objectives.

The importance of extra-financial reporting for enterprises

According to the Department of Land Use Planning and the Department of Ecological Transition, “the non-financial performance statement must be primarily designed as a tool for guiding the company’s strategy. It also allows the EU to promote its CSR actions and responds to a demand for transparency from stakeholders (public authorities, employees, customers, suppliers, subcontractors, investors, NGOs and citizens).”

Extra-financial reporting is not mandatory for all companies. Some are required to issue a non-financial performance statement.
This is the case for :
Enterprises with more than 500 employees
Companies listed on the stock exchange and whose turnover exceeds 40 million euros
Non-listed companies with a turnover of more than 100 million euros
Tip: to find out what regulations are applicable to your company, the government has set up a simulator !

In short, this type of reporting allows valuing initiatives beyond financial results: ecological commitment, working conditions, diversity, inclusion, employee well- being… It is to be carried out each year, at the end of the accounting year. It can be read by different stakeholders inside and outside the company: employees, shareholders, suppliers, customers…

Team building is a strategic lever for CSR and social performance

Nowadays, the social, social and environmental commitment of companies is essential. Offering activities such as team building to your employees is particularly interested in your CSR approach. Their objective is to offer employees a more fulfilling work environment, a key concept in non-financial reporting. Team buildings improve well-being at work, strengthen employee engagement, motivation and loyalty…
To know: some team buildings can address the challenges of sustainable development, CSR, but also evoke values of solidarity… What to make your employees aware of these major themes for your company and the future !

But then, where and how to integrate the team building outfit in an extra-financial report?

Teams Connect offers committed building teams :

The Eco Escape Game, an activity that sensitizes teams to ecological issues while strengthening team cohesion. It is based on the IPCC report for awareness of environmental issues. It also strengthens the team spirit among participants. In your extra-financial reporting, this activity could be included under the category “Initiatives to reduce the carbon footprint” or “Environmental policies”. Indeed, you can demonstrate your company’s commitment through a unifying event, while sending out a strong message about the importance of preserving the environment..

The Hour of Power activity is perfect to promote solidarity and citizen actions with your teams. This team building sensitizes employees to the problems related to energy poverty. You can therefore mention it in your extra-financial performance statement. This solidarity and re-unifying team building supports social causes, it may appear under the category «social performance» or «solidarity actions».

Do not hesitate to ask for a quote to organize a team building !

You would like to raise awareness among your employees about working conditions, health and safety at work ? A team building is a great way to pass on messages by communicating risks, promoting well-being at work and protecting your employees, drawing attention to the environmental challenges of your sector… A special safety and environment day can be organised and mentioned in your extra-financial reporting.

The benefits of team building

The benefits of team building go far beyond simply improving team cohesion. It contributes to the overall performance of the company, in particular :

• Improved communication : the activities allow a better knowledge of the strengths and weaknesses of the teams, thus facilitating a better cooperation on a daily basis.
• Strengthening motivation : a successful team building will boost the motivation of employees by offering them a moment of relaxation and fun, while involving them in meaningful actions.
• Reduction of turnover : the fact of involving your employees in a collective activity allows to create a common dynamic. Which is good for your employer brand. Employees' commitment to your company will be stronger, which will reduce the turnover rate of your employees.

Team building in an extra-financial reporting : measuring the concrete impacts on employee engagement and productivity

To enhance the team building organization in your statement of extra-financial performance, some key indicators are to follow: participation rate, employee satisfaction, evolution of team cohesion… They will indicate whether the activity has had a positive impact on the life of your company and in particular on the motivation and well-being of employees.You can transcribe these data via quantitative or qualitative elements (with verbatims of the employees, for example).