Our team specializes in analyzing data and crafting strategies.
Our team specializes in analyzing data and crafting strategies.
Our team specializes in analyzing data and crafting strategies.
Our team specializes in analyzing data and crafting strategies.

Building a robust CSRD reporting strategy

In today’s evolving regulatory landscape, the Corporate Sustainability Reporting Directive (CSRD) has become a pivotal framework for businesses across the EU and beyond. As sustainability takes center stage in corporate accountability, organizations must prioritize not just compliance but excellence in CSRD reporting. Beyond meeting regulatory obligations, a robust reporting strategy is an opportunity to enhance business and gain a competitive edge in an increasingly sustainability-driven marketplace.

Read on to find 7 useful steps to a successful CSRD reporting strategy or find more details in our whitepaper.

AUTHOR – Acumen

The role of data
in CSRD reporting

Data is the backbone of successful CSRD reporting. From conducting double materiality assessments to reporting Environmental, Social, and Governance (ESG) metrics, businesses need accurate, comprehensive, and reliable data. This ensures alignment with European Sustainability Reporting Standards (ESRS), which underpin the CSRD framework.

Key aspects of data management in CSRD reporting include:

• Data collection: Ensuring all ESG data is gathered from appropriate sources.

• Data integration: Leveraging systems to seamlessly process and analyse data.

• Data accuracy: Maintaining consistency and reliability to meet audit and disclosure standards.

By investing in robust data management infrastructure, companies not only achieve compliance but also build resilience and adaptability in the face of evolving regulatory changes.

Seven steps to a successful CSRD reporting strategy

1. Understand CSRD requirements and timelines
• Assess your organisation’s reporting obligations based on size and jurisdiction.
• Identify applicable ESRS standards, including sector-specific disclosures.
• Determine eligibility for lighter reporting requirements, if applicable.

2. Conduct a double materiality assessment
• Evaluate the impacts of your business activities on the environment and society (inside-out).
• Assess how sustainability issues influence your business (outside-in).
• Document findings in alignment with CSRD disclosure standards.

3. Assess current gaps
• Conduct a gap analysis to identify deficiencies in existing ESG practices.
• Map current data processes against CSRD requirements.
• Assemble a cross-functional team to lead compliance efforts.

4. Collect data
• Gather relevant ESG data from reliable sources.
• Prioritise accuracy, completeness, and compliance with CSRD expectations.

5. Calculate ESG metrics
• Use collected data to compute ESG metrics following ESRS methodologies.
• Ensure calculations are standardised and auditable.

6. Report
• Create a transparent and structured CSRD-compliant report.
• Address all mandatory disclosures while presenting data clearly for stakeholders.

7. Disclose
• Share the finalised report with relevant stakeholders, meeting both regulatory and ethical expectations.
• Leverage disclosures to communicate your sustainability journey and build trust.

By following these steps, organisations can ensure their CSRD reporting process is not merely a compliance exercise but a means to achieve strategic growth and differentiation.
“Turn CSRD compliance into a strategic advantage with a robust reporting strategy powered by accurate data and clear insights.”

Empowering businesses with CSRD excellence

Navigating CSRD requirements can seem daunting, but with the right expertise and tools, it becomes an opportunity for transformation.

We specialize in guiding businesses through their CSRD reporting journey, equipping them with:

• Tailored data solutions for seamless integration.
• A kickstarting framework for double materiality assessments.

Ready to elevate your CSRD reporting?

Get in touch to discuss your unique needs and explore customised solutions.
Tjomme

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