The CSRD is a tedious and highly precise exercise. It requires mobilizing not only the various departments within your company but also your entire value chain. These 5 key steps will help you put together your CSRD report with greater peace of mind and meet your deadlines.
The CSRD, or Corporate Sustainability Reporting Directive, is a European directive that serves as a new tool for non-financial reporting. It will replace the current DPEF.
The CSRD is a tedious and highly precise undertaking. It requires mobilizing not only your company's various departments but also your entire value chain. These 5 key steps will help you put your CSRD report together more calmly and meet your deadlines.
Setting an implementation schedule provides a clear vision of the project and helps establish time-bound goals. Building a sustainability report is a tedious task; staying organized and breaking it down into steps will make implementation and tracking much clearer and easier.
The CSRD affects the entire company and its entire value chain. Creating a project team will make it easier to communicate with stakeholders and various departments, and to gather the necessary documents and information.
Analyzing issues related to your business is necessary to conduct a double materiality assessment. You need to understand the environmental, social, and governance issues that affect your company and its entire value chain.
For example, is your company affected by issues like pollution, climate impact, or social concerns such as the employment of non-salaried workers?
A double materiality assessment involves analyzing both the company's impact on the environment and the environment's impact on the company.
For example, you need to ask yourself these two questions:
Once your double materiality assessment is complete, you will be able to identify the ESRS standards that apply to your company and which you must address.
For each ESRS, a certain number of indicators and documents will be required (DR).
You can then identify the data and documents needed to build your sustainability report. CSRD is a standardized reporting framework, meaning all companies must provide data in a specific format. You will therefore need to create or format documents to meet CSRD requirements.
Once you have identified the required documents, you need to pinpoint the people who hold that data.
You will need to grant access to your CSRD reporting tool to your project team and the contributors who hold the requested data so they can consolidate it and build your sustainability report.
As mentioned above, you will need to use a tool (or develop one in-house) to centralize the data for your sustainability report.
Before submitting your sustainability report to an independent third-party auditor (OTI), we recommend that you and your project team verify the consistency of the collected data and indicators.
Once your sustainability report is built and verified internally, you are required to submit it to an independent third-party auditor (OTI). They must validate the issues identified in your double materiality assessment, as well as the consistency and validity of the data.
Once the external audit is approved, you can publish your sustainability report. There is currently no centralized platform for reporting this data.
Our in-depth knowledge of the CSRD directive and our experience in improving corporate non-financial strategies have allowed us to develop an effective support program for your business. We base our method on a SaaS tool to streamline the collection and consolidation of your indicators.
To learn more about the CSRD:
CSRD: Everything you need to know
Your company's sustainable performance
