Corporate Sustainability Reporting Directive (CSRD) Consulting
Providing Strategic Advisory and Sustainability Reporting Services
Helping companies meet the EU’s new sustainability legislation
The Corporate Sustainability Reporting Directive (CSRD) is a pivotal EU legislation effective since January 2023, impacting over 50,000 companies operating within or headquartered in the EU.
This directive mandates the disclosure of non-financial data alongside financial information in annual reports, thereby enhancing transparency and accountability in Environmental, Social, and Governance (ESG) performance evaluations.
The goal of the CSRD is to advance towards a decarbonized economy, promote decarbonization opportunities, and recognize proactive organizational efforts.
Your Advantages of CSRD Consulting
- Ensure compliance with evolving EU sustainability regulations
- Get expert insights on best practices for sustainability reporting
- Enhance transparency and accountability in corporate reporting
- Improve stakeholder trust and investor confidence
- Identify and manage sustainability opportunities and risks
- Streamline data collection and reporting processes
CSRD and ESRS at a Glance
The CSRD introduced the European Sustainability Reporting Standards (ESRS), which affected companies must follow when reporting on Environmental, Social, and Governance (ESG) issues. The set of 12 standards covers general requirements and disclosures applicable to all reporting entities - ESRS1 & 2 - along with ESRS E1-E5 for reporting material environmental disclosures, ESRS S1 – S4 for reporting social disclosures, and one standard covering corporate governance - ESRS G1.
ESRS standards have been developed with interoperability across common global reporting frameworks, such as GRI and SASB. The goal of sustainability disclosures is to offer comparable data so investors, the public and other stakeholders can make more informed decisions.
Which companies will be required to report under CSRD?
CSRD will affect roughly 50,000 companies, including those with headquarters outside the EU but with subsidiaries operating within the EU market or substantial business activity within the EU.
A number of factors determine which companies must report under CSRD, including financial thresholds, like annual net revenue, total assets held within the EU, total number of employees, and, for companies listed and trading in a regulated EU market, the amount of debt and equity securities.
Process of CSRD Compliance
Our sustainability and ESG consultants act as strategic partners throughout your CSRD compliance journey, ensuring your organization remains updated and compliant with evolving regulatory standards. From gap assessments to comprehensive reporting, our services are designed to deliver actionable insights and facilitate smooth compliance.
Assess and Identify Gaps
Evaluate current practices, identify CSRD compliance gaps, and outline necessary resources.
Organizations required to report under CSRD
We support a diverse range of organizations committed to supporting a sustainable and decarbonized economy. The CSRD significantly broadens the scope of the Non-Financial Reporting Directive (NFRD) and applies to a wide spectrum of companies. CSRD requirements encompass:
Companies meeting at least two of the following criteria:
- More than 250 employees.
- Net turnover exceeding €40 million
- Total assets exceeding €20 million
Your Trusted Partner for CSRD Consulting
- Our team of experts can help your organization significantly improve its energy efficiency and certify your energy management system to this international standard
- Our team of sustainability and ESG experts offer efficiency, agility, accuracy and responsiveness throughout the sustainability consultation process
- DEKRA is the world’s leading Safety Solutions Provider and has been in the accreditation business for nearly 100 years
- Our internationally recognized DEKRA seal communicates your commitment to sustainability throughout your business and boosts trust among stakeholders