The EU Corporate Sustainability Reporting Directive (CSRD) was introduced in January 2023 and requires large companies in the EU to disclose how they monitor and manage sustainability-related impacts, risks and opportunities across various environmental, social, and governance) issues.
This will increase a company’s accountability for its impacts on the environment and society, and provide financial institutions with comparable, verified information on sustainability performance.
Preparing for CSRD reporting involves multiple steps to identify a company’s reporting requirements, establish the systems and processes for data collection, prepare the reporting information and write and publish the report.
This will increase a company’s accountability for its impacts on the environment and society, and provide financial institutions with comparable, verified information on sustainability performance that should facilitate allocation of finance to green activities.
Simply Sustainable works with multiple EU-based and non-EU companies in their preparation for the CSRD and we have experience with all steps of the process.
We commonly execute and deliver the double materiality assessment, gap analysis and help companies create governance structures and set targets for their material topics.
Our climate and carbon team helps companies meet all requirements for ESRS E1, from carbon footprint calculations to net-zero target setting and transition planning.
Our risk, reporting and comms team can help you calculate EU Taxonomy alignment and is ready to write and deliver fully CSRD-aligned and audit-ready reports.
When done correctly, preparing for the CSRD helps companies create a clear and focused sustainability strategy and build a robust foundation for delivering this across the business.
Working with our clients, we have seen the complexity and pitfalls of implementing CSRD reporting close-ups. Much depends on the business context, but three common challenges stand out: finding the appropriate level of granularity, creating a robust reporting process and engaging the organisation. Sytze Dijkstra Netherlands Country Manager
