CSRD requirements are complex and confusing, and the scope is wide. We’ll clarify CSRD for you and drive your climate disclosure process.
The European Union’s Corporate Sustainability Reporting Directive (CSRD) is a law that requires companies to disclose details of their sustainability impacts, risks, and opportunities. The European Commission proposed the CSRD in April 2021 to arm investors, customers, and other stakeholders with reliable sustainability data so they can make informed decisions. An estimated 50,000 companies will be affected by the CSRD, including over 10,000 non-EU companies that meet mandatory CSRD reporting criteria.
CSRD disclosure covers 10 topics related to Environment, Sustainability, and Governance (ESG). The first environment topic is the Climate Change standard, known as ESRS E1, and it requires a company to disclose details about its policies and actions, transition plans and targets, energy use and mix, GHG emissions, and more. The CSRD took effect on January 1, 2024, and will be phased in over the next four years. Companies should prepare for CSRD by understanding the regulations and data demands, assessing their requirements and capacities, and establishing the right tools and processes for compliance.
CSRD is new and complex. Companies need to determine their unique reporting requirements based on company characteristics and a materiality assessment. Our experts will help you understand how to navigate CSRD and develop a sound execution plan. Our services focusing on the Climate Change standard ESRS E1 include:
