Sustainability Reporting (CSRD)
The new framework for sustainability reporting preparation is comprehensive, complex and thus time-consuming. EU’s sustainability reporting directive, CSRD, aims at promoting sustainable business practices and facilitate the assessment of companies’ sustainability, as reporting becomes more transparent and comparable. Etteplan offers comprehensive support at various stages of sustainability reporting.
CSRD brings new sustainability reporting obligations for companies
The CSRD directive on corporate sustainability reporting introduces significantly expanded reporting obligations. With this regulation, companies must comprehensively report their sustainability impacts according to ESRS standards.
We help your organization with:
Understanding the directive's requirements and timelines
Identifying essential reporting requirements for your organization
Preparing for upcoming reporting obligations in a timely manner
Collecting and analyzing the data required by ESRS standards
Building a sustainable foundation for future reporting
Double Materiality Analysis
The new sustainability reporting obligations require not only annual reporting but also broader strategic considerations related to three sustainability themes. In conjunction with the management report, the company’s reported sustainability information concerning environmental, social, and governance factors will be verified from a double materiality perspective.
In double materiality assessment, we explore the significant impacts of operations on the environment and people, and conversely, how sustainability factors like climate change economically affect the company’s business now and in the future. Double materiality literally has two dimensions: 1) impact materiality and 2) financial materiality. This analysis helps identify and prioritize the most significant sustainability themes and their associated opportunities for your organization.
With Etteplan, you will execute a comprehensive double materiality analysis that serves as the cornerstone of sustainability reporting.
Our process includes:
- Tools for conducting the analysis
- Guidance on implementing the analysis within your organization
- Ongoing support and monitoring throughout the analysis phases
- Final reporting of the analysis and next steps
GAP Analysis
We also conduct gap analyses, providing your company with an up-to-date picture of potential deficits concerning the sustainability data required by the reporting directive, that is, the data points.
With gap analysis, we:
- Evaluate the comprehensiveness of current reporting practices
- Identify gaps in data collection and processes
- Support the organization in organizing reporting based on the analysis
EU Taxonomy
The EU Taxonomy is a classification system that defines criteria for environmentally sustainable economic activities. It aims to direct investments towards sustainable projects and support the achievement of EU climate objectives. The Taxonomy is part of the CSRD reporting framework.
Taxonomy assessment helps demonstrate the sustainability of your operations according to EU criteria.
We support you in:
- Comprehensive assessment of operations according to the taxonomy technical screening criteria
- Systematic data collection and documentation
- Building necessary tools for assessment and reporting
- Ensuring compliance with the “Do No Significant Harm” principle
- Assessment of minimum social safeguards
Voluntary Reporting (VSME and NSRS)
We also assist in implementing voluntary sustainability reporting. We help with reporting according to both the VSME standard (Voluntary Sustainability Reporting for SMEs) and the Nordic NSRS standard. We customize the extent and implementation of reporting according to your organization’s needs. We also assist organizations outside the reporting obligation in preparing to collect and report information required from the value chain.
CSRD – What does the new sustainability reporting directive mean for your company?
The European Union’s new Corporate Sustainability Reporting Directive (CSRD) will significantly change reporting practices. Now, more companies must annually disclose their impacts on the environment and society. Reporting is not just about collecting numbers; it requires a holistic view of how companies address environmental issues, social matters, and good governance in their operations.
Etteplan helps with successful sustainability reporting
You can count on Etteplan for support in your sustainability reporting at every stage, from double materiality analysis to report preparation. We assist both small and large companies in developing an effective reporting process tailored to their needs. We offer comprehensive support that includes sparring, workshops, and training for the staff and management. This approach will help you develop your business and meet regulatory obligations.
Contact us today to ensure the quality and compliance of your sustainability reporting!
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