Corporate Sustainability Reporting Directive services
Expert advisory and platform solutions to prepare for the Corporate Sustainability Reporting Directive (“CSRD”).
- Legal counsel
- Training
- Assessments
- Implementation
- Reporting
The EU CSRD will require many companies to start reporting on their sustainability efforts.
We can provide CSRD support from start to finish, through a collection of advisory and platform solutions.
CSRD phasing is planned as follows:
2023
CSRD came into force
2025
Companies already subject to NFRD. Reporting over FY24.
2026
All large companies meeting 2 or 3 requirements: 250+ employees; €50M+ revenue; €25M+ total assets. Reporting over FY25.
2027
Listed SMEs meeting 2 or 3 requirements: +10 employees; €0.7M+ revenue; €0.35M+ total assets. Reporting over FY26.
2029
All non-EU companies with €150M+ revenue in EU for each of the past 2 consecutive FYs and at least 1 large (see 2026) or listed subsidiary in EU with €50M+ revenue Reporting over FY28.
Timeline for company CSRD alignment
Preparing for the CSRD is a complex, multi-year undertaking. We recommend you follow this timeline:
Reporting in 2026 over 2025
Stage 1:
Preparation: 3-6 months
Preparation
|
Legal entity scoping |
Determining the applicability of CSRD requirements can be complex and is likely to necessitate careful review with early involvement of legal counsel. |
|
Training |
Training is needed for key internal stakeholders to understand the basics of the CSRD, timelines, reporting requirements, and implications for the business and to get adequate company engagement. |
|
Double materiality assessment |
Determine which sustainability topics and sub-topics are deemed as material and should be reported on. Materiality is be determined by looking at both impact and financial materiality. |
|
Gap analysis & roadmap F |
Following the DMA, the gap analysis involves the evaluation of current reporting practices against the CSRD requirements to identify key gaps. The output should be a roadmap towards alignment. |
Stage 2:
Alignment: 3-6 months
Alignment
|
Build data infrastructure |
After conducting the gap analysis, the organization should establish the necessary data infrastructure to enable annual monitoring reporting on CSRD. |
|
“Dry-run” with auditor |
To prevent assurance issues, conduct a dry run with the auditor before the official deadline to address any gaps or discrepancies in advance. |
|
Final sprint |
Incorporating feedback from the auditor and completing the final steps of the gap analysis roadmap |
Stage 3:
Annual reporting
Ready and report
|
Gather data for FY |
Gather sustainability data for the financial year when CSRD comes into effect. |
|
Report on FY |
Incorporate all sustainability information into the CSRD report for the financial year and undergo the assurance process. |
Services
We will assist you throughout all stages of the CSRD alignment process, including:
Legal entity in scope:
Determining the applicability of CSRD requirements can be complex and may require careful review with early involvement of legal counsel.
Training:
Our subject-matter experts can provide you with valuable training on CSRD, including the practicality and applicability of reporting requirements to initiate knowledge development at companies and GPs.
Double materiality assessment:
CSRD requires reporting on sustainability based on the principle of double materiality (impact and financial). Based on our in-house methodology, we can offer you a tailored approach.
Disclosure Requirement materiality assessment:
Following the double materiality assessment, we identify the Disclosure Requirements and distinct data points to report on.
Gap analysis and roadmap:
We evaluate your current reporting practices against the CSRD requirements to identify key gaps. This analysis results in an actionable roadmap towards alignment.
Modular implementation support:
We provide tailored support to achieve CSRD alignment per material topic. This could be a carbon footprint assessment, policy creation, and/or target setting.
Reporting:
With the help of subject-matter experts and platform support, we support your reporting process and deliver a CSRD report ready for audit.
