This ebook is designed to provide an overview of both the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), which outlines the rules and requirements for companies in sustainability reporting.
The ebook is intended to assist all those impacted by the directive, whether they are executives, middle managers, sustainability officers, IT or finance staff, or members of the ESG team.
Why corporate sustainability reporting is necessary
The best way to manage the challenges CSRD entails
CSRD scope and expectations
How CSRD and ESRS can drive success
The first steps on your CSRD journey
One of the cornerstones of the CSRD is its commitment to the concept of double materiality assessments. Double materiality in sustainability reporting encompasses two perspectives mandated by the Financial Reporting Directive (NFRD).
It examines how sustainability influences a company's performance and market position. It also looks at how the company's actions affect people and the environment. Consider these impacts from both an external and internal perspective. This approach ensures a comprehensive understanding of corporate sustainability efforts
Central to the CSRD's mandate is the adoption of European Sustainability Reporting Standards (ESRS). These standards provide a comprehensive framework for companies to report on their sustainability performance consistently. By adhering to ESRS, businesses can enhance transparency, comparability, and credibility in their sustainability disclosures. From carbon emissions to supply chain ethics, ESRS cover a wide array of sustainability indicators, empowering companies to communicate their efforts effectively.