Corporate Sustainability Reporting Directive

You don't know what CSRD is? You will have to find out.

All citizens who live and work within the European Union should know that the Union is particularly concerned about the environment, human rights and equality.
This is encoded in the CSRD (Corporate Sustainability Reporting Directive) - it is important to learn about it and consider it in your ongoing operations because it will affect the way you do business.

Many organizations have policies specifically designed to cover the ESG (Environmental, Social, Governance) factors, which are directly connected to the overall business sustainability strategy, as well as any environmental and societal implications..
With the introduction of the CSRD, the ESG reporting obligations have increased. What this means for you is that you will be responsible for providing a CSR (Corporate Sustainability Report) on an annual basis.

The European Commission has adopted legislation and measures on corporate sustainability and will begin requiring companies to provide annual reports. For the next two years, in addition to large organizations with more than 250 employees, high revenue and large budgets, the directive's requirements are expected to impact medium and small-sized companies as well. This is an important step because it will provide public information for stakeholders, outline new business corridors and improve transparency.
It may seem like there is plenty of time, however the effort to meet the standards and to establish a proper reporting framework is often heavily underestimated (much like the situation with GDPR from a few years ago). In truth, before proper reporting can even begin, companies need to operate under the respected requirements for at least a year.

• Assist with planning and building all CSRD processes
• Educate employees on upcoming changes and provide detailed training
• Provide a thorough analysis, benchmarking against the current ESRS (European Sustainability Reporting Standards) status requirements and assessing their applicability to your company
• Establish all CSRD related company practices and policies to be implemented
• Determine the current level of sustainability reporting, identify additional requirements that should be met and plan for additional resources, as needed
• Coordinate with auditors on expectations of future mandatory sustainability management audits
• Provide stakeholder management
• Communicate externally the company's established ESG (Environmental, Social, Governance) protocol