New directive comes into force
On January 5, 2023, the Corporate Sustainability Reporting Directive (CSRD) came into force. The aim of the directive is to extend the sustainability reporting obligation and to make sustainability reporting comparable and more detailed with the help of the mandatory European Sustainability Reporting Standards (ESRS). As part of the EU's „Sustainable Finance“ strategy, the aim is to ensure that financial flows are channeled into sustainable economic activities.
Important update on the EU Commission's omnibus proposal of February 26, 2025
The EU Commission on February 26, 2025 due to the political headwinds from various EU member states. Proposal to streamline reporting obligations presented. The number of companies subject to reporting requirements is to be reduced, first-time reporting for certain companies is to be postponed by two years and the scope of the ESRS is to be reduced. Detailed information You can find more information in our ESG Insights Special newsletter - February 2025.
The EU Commission has also announced the development of a „voluntary“ sustainability standards announced, which is based on the existing VSME (Voluntary SME Standard). This is intended to enable companies that are no longer subject to the CSRD reporting obligation under the omnibus proposal to be prepared for all requests for ESG-relevant data without having to answer a large number of individual questionnaires. We would be happy to send you the recording of our VSME Webinars from April 2025 on.
Do you need support with your sustainability management? Then talk to our Expert:inside.
Circle of users
Behind our agency is a dedicated team that will support you with passion and expertise. We believe in tailor-made solutions to strengthen your communication and develop sustainable strategies.
New materiality analysis & data management
The CSRD is also accompanied by a new materiality methodology. According to this, companies must consider both the impacts of their business activities on the economy, environment and society as well as the financial impact of sustainability aspects on their business activities in their analysis and subsequent reporting. However, data management also presents companies with major challenges, as the number of data points to be published is growing significantly compared to today.
Webinar answers important questions on practical implementation
In order to meet the requirements of the future reporting obligation, some preparation is therefore necessary. This raises many questions for companies: What requirements does the EU place on us as a company? What is the CSRD and ESRS all about? What is the mandatory materiality analysis all about? What processes, structures and resources do I need internally? And above all: What are the specific steps that I have to take as a company and when do I have to start at the latest?
We therefore held a webinar for our customers and partners in which we took a step back from theory to practice and explained how they can approach sustainability reporting in their company in accordance with the new CSRD directive.
Would you like to find out more about how you can tackle CSRD in practice? You are welcome to download the presentation and the recording of our CSRD webinar free of charge by e-mail request.
You can also find a short review in our „Focus“ from July 4, 2023.
Do not hesitate to contact us if you have any questions regarding CSRD or ESRS or need support in conducting the materiality analysis in accordance with the new requirements, setting up data collection in your company and/or further preparing for the new reporting obligation. We are happy to support you.