Corporate Sustainability Reporting Directive (“CSRD”)

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CSRD at a glance

The objective of the CSRD is to improve the existing requirements of the EU’s Non-Financial Reporting Directive (NFRD) to better harness the potential of the European Union in transitioning to a fully sustainable and inclusive economic and financial system, in line with the European Green Deal and the UN Sustainable Development Goals.

The CSRD introduces new reporting standards for in-scope companies in the form of European Sustainability Reporting Standards (ESRS). This includes two cross-cutting standards and ten topical standards covering Environmental, Social, and Governance (ESG) areas. Future standards will include those for listed SMEs, a voluntary SME standard, and sector-specific standards, which are currently under development.

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Our CSRD “Comply” Framework

Phase 1: CSRD 'Initiate'

Awareness

We deliver customised training, briefing sessions and workshops tailored to your organisation and internal stakeholder needs.

Scoping

We can conduct a full technical scoping review for your organisation to understand in scope entities across your group structure for CSRD reporting.

As-Is Assessment

We can review, assess and/or perform a gap assessment to existing sustainability governance and reporting structures using the lens of CSRD and ESRS within your organisation.

Our CSRD “Comply” Framework

Phase 2: CSRD 'Ready'

Governance

We can advise on governance process, sustainability due diligence, internal structures and reporting process in order to meet the mandatory reporting requirements set out within ESRS 2: General Disclosures.

Double Materiality

We can conduct a full double materiality assessment and stakeholder engagement process to meet the requirements of CSRD and inform disclosure requirements for your organisation.

Gap Assessment

Following the double materiality assessment we can conduct a full gap analysis to required disclosures as set out under ESRS.

Our CSRD “Comply” Framework

Phase 3: CSRD 'Execute'

Implementation Planning

We can develop an implementation and disclosure action plan following completion of materiality and gap assessments.

Disclosures

During the final stage, we can support your organisation in set up, design and structure of sustainability statements to be included within the annual management report.

Assurance Readiness

We can work with your organisation to ensure audit readiness from a process and disclosure perspective prior to year 1 audit of sustainability statements.