Corporate Sustainability Reporting Directive services
Expert advisory and platform solutions to prepare for the Corporate Sustainability Reporting Directive (“CSRD”).
- Legal counsel
- Training
- Assessments
- Implementation
- Reporting
The EU CSRD will require many companies to start reporting on their sustainability efforts.
We can provide CSRD support from start to finish, through a collection of advisory and platform solutions.
CSRD phasing is planned as follows:
2023
CSRD came into force
2025
Companies already subject to NFRD. Reporting over FY24.
2026
All large companies meeting 2 or 3 requirements: 250+ employees; €50M+ revenue; €25M+ total assets. Reporting over FY25.
2027
Listed SMEs meeting 2 or 3 requirements: +10 employees; €0.7M+ revenue; €0.35M+ total assets. Reporting over FY26.
2029
All non-EU companies with €150M+ revenue in EU for each of the past 2 consecutive FYs and at least 1 large (see 2026) or listed subsidiary in EU with €50M+ revenue Reporting over FY28.
Timeline for company CSRD alignment
Preparing for the CSRD is a complex, multi-year undertaking. We recommend you follow this timeline:
Reporting in 2026 over 2025
Stage 1:
Preparation: 3-6 months
Preparation
Legal entity scoping
Determining the applicability of CSRD requirements can be complex and is likely to necessitate careful review with early involvement of legal counsel.
Training
Training is needed for key internal stakeholders to understand the basics of the CSRD, timelines, reporting requirements, and implications for the business and to get adequate company engagement.
Double materiality assessment
Determine which sustainability topics and sub-topics are deemed as material and should be reported on. Materiality is be determined by looking at both impact and financial materiality.
Gap analysis & roadmap
Following the DMA, the gap analysis involves the evaluation of current reporting practices against the CSRD requirements to identify key gaps. The output should be a roadmap towards alignment.
Stage 2:
Alignment: 3-6 months
Alignment
Build data infrastructure
After conducting the gap analysis, the organization should establish the necessary data infrastructure to enable annual monitoring reporting on CSRD.
“Dry-run” with auditor
To prevent assurance issues, conduct a dry run with the auditor before the official deadline to address any gaps or discrepancies in advance.
Final sprint
Incorporating feedback from the auditor and completing the final steps of the gap analysis roadmap.
Stage 3:
Annual reporting
Ready and report
Gather data for FY
Gather sustainability data for the financial year when CSRD comes into effect.
Report on FY
Incorporate all sustainability information into the CSRD report for the financial year and undergo the assurance process.
Services
We provide CSRD support from start to finish through a collection of advisory and platform solutions.
Advisory solutions
- Legal entity in-scoping
Determining if a company is in scope of CSRD can be complex and requires careful review with early involvement of legal counsel. - Double materiality assessment
As the double materiality assessment is complex and time-sensitive, we offer a pragmatic approach to impact and financial materiality. - Gap analysis
We translate double materiality to reporting requirements, perform the first round of data collection and gap analysis, and provide recommendations to fill compliance gaps. - Implementation support
We offer implementation support (for example policy creations and carbon calculations) to ensure that all CSRD reporting gaps are filled.
Platform solutions
Data collection
Holtara.io allows you to collect all datapoints that are material for your business in one convenient place.
Key features:
- Easy and convenient connection with experts via chat functionality
- Limited complexity
- Guidance beyond dry regulation texts
- Tailored to your needs
Reporting
Based on the provided information, Holtara.io delivers a CSRD report that is ready to undergo the assurance process.
Key features:
- Download an editable CSRD report
- In-time, compliance with XBRL requirements
- Clear outline of relevant methodologies
- Built with assurance in mind
Navigate the Corporate Sustainability Reporting Directive (“CSRD”)
The CSRD marks a significant change in the landscape of sustainability reporting. This directive requires EU businesses to disclose their environmental and social impacts, as well as how ESG factors influence their business operations.
Download our Navigating the Corporate Sustainability Reporting Directive quick guide today, your essential resource for understanding and complying with the CSRD.
