Comprehending the CSRD
An EU legislation called the Corporate Sustainability Reporting legislation (CSRD) attempts to increase the comparability and openness of corporate sustainability reporting. Companies are obliged to compile and publish comprehensive reports on environmental, social, and governance (ESG) matters, which encompass Scope 3 emissions.
When and who will be impacted by the CSRD?
The scope of sustainability reporting is greatly expanded to include a larger variety of businesses with the CSRD. Companies with more than 250 workers, a turnover of at least €40 million, or total assets of at least €20 million will have to comply. Companies previously covered by the Non-Financial Reporting Directive (NFRD) will be subject to the CSRD as of 2024. Other major corporations will be included by 2025, and listed small and medium-sized businesses (SMEs) will also need to abide by the rules by 2026.
Are you prepared to submit your report? Organize your affairs today!
The European Sustainability Reporting Standards (ESRS), which include approximately 1,200 data points, will be one of the topics covered in the two-hour webinar on the fundamentals of CSRD reporting. The capacity to include sustainability data into management reports and the necessity of obtaining external assurance for all information released will be taught to participants. The topic of the webinar will be twofold materiality, which calls on businesses to evaluate how their actions affect the environment as well as how those actions affect them. It will also highlight the importance of working with stakeholders such as employees, shareholders, customers and local authorities. Participants will learn how improved sustainability reporting can enhance a company’s credibility, trust and value, while providing insights for optimising long-term performance.