Ensure compliance with enhanced standards for sustainable development, climate action, and social responsibility, set to impact large companies from fiscal year 2024, with the first reports due in 2025.
Why the CSRD?
The European Commission adopted the CSRD in late 2022. The rules will start applying between 2024 and 2028. CSRD mandates transparency in Scope 3 emissions reporting.
It also promotes the integration of sustainability and financial reporting, highlighting how environmental performance directly influences financial viability.
These proposed standards include the mandate to consider double materiality – how a company both impacts and is impacted by climate change.
Summary Results
[{"id":1,"name":"Verification of Reporting Entities","text":"<div class=\"container mx-auto text-center leading-relaxed\">Assessment of your company’s eligibility under CSRD, considering size, type, and market activities.</div>","disabled":false},{"id":2,"name":"Compliance with Reporting Requirements","text":"<div class=\"container mx-auto text-center leading-relaxed\">Evaluation of adherence to CSRD reporting standards, focusing on ESG disclosures.</div>","disabled":false},{"id":3,"name":"Accuracy and Completeness of Information","text":"<div class=\"container mx-auto text-center leading-relaxed\">Analysis of the thoroughness and accuracy of your sustainability reporting.</div>","disabled":false},{"id":4,"name":"Materiality Assessment","text":"<div class=\"container mx-auto text-center leading-relaxed\">Review of how your company identifies and reports material sustainability aspects.</div>","disabled":false},{"id":5,"name":"Consistency with International Standards","text":"<div class=\"container mx-auto text-center leading-relaxed\">Examination of alignment with global frameworks like GRI, TCFD, or ISSB.</div>","disabled":false},{"id":6,"name":"Stakeholder Engagement and Transparency","text":"<div class=\"container mx-auto text-center leading-relaxed\">Inspection of stakeholder engagement processes and transparency in reporting.</div>","disabled":false},{"id":7,"name":"Third-Party Verification and Assurance","text":"<div class=\"container mx-auto text-center leading-relaxed\">Verification of independent third-party assurance of your sustainability reports.</div>","disabled":false},{"id":8,"name":"Forward-Looking Information","text":"<div class=\"container mx-auto text-center leading-relaxed\">Scrutiny of future-oriented sustainability disclosures, including strategies and targets.</div>","disabled":false},{"id":9,"name":"Digital Reporting and Accessibility","text":"<div class=\"container mx-auto text-center leading-relaxed\">Ensuring digital compliance and accessibility of your sustainability information.</div>","disabled":false},{"id":10,"name":"Integration with Financial Reporting","text":"<div class=\"container mx-auto text-center leading-relaxed\">Assessment of how sustainability information integrates with financial reporting.</div>","disabled":false}]