The Corporate Sustainability Reporting Directive (or CSRD) is a new European Union (EU) directive, which changes the way organisations must disclose and report information on environmental, social, and corporate governance (ESG) performance.
As a large company you will be required to complete the CSRD if you meet any two out of the following three criteria:
Organisations will need to report on risks and opportunities arising from social and environmental issues, and on the impact of their activities on people and the environment.
Unlike some previous reporting, the CSRD reporting is a mandatory framework and is more extensive and highly specific in its disclosure requirements covering ESG compliance.
Organisations will be required to report on sustainability issues such as environmental impact, social impact, and human rights, as well as governance factors including employee matters, anti-corruption and anti-bribery matters.
The CSRD is meant to improve transparency and comparability of sustainability reports among EU organisations and their value chain, enabling stakeholders to make informed decisions and drive sustainable investments towards organisations that prioritise ESG performance.
At Royal HaskoningDHV, we have been supporting businesses with non-financial corporate reporting and ESG strategies since their inception.
Together, we can help you overcome implementation and preparation challenges to report accurately against your CSRD standards and timelines:
Almost 50,000 organisations in Europe will directly be subject to CSRD and even more organisations will need to supply information on the environmental and social impact to their clients and suppliers.
The information involved in CSRD reporting won’t be limited to your own operations. It will extend to direct and indirect business relationships across the value chain. This presents a new and challenging aspect of reporting, with greater reliance on input and information from parties you can’t control.
The CSRD also embraces ‘double materiality’ which requires that organisations report on how sustainability matters affect their business and performance. This is in addition to a mandatory assurance obligation for all reported sustainability information.
Whilst these new reporting requirements present challenges, we believe there are also opportunities to build smarter long-term strategies. While improving relationships and reputation across employees, clients, and stakeholders.
Experts in ESG management and strategy
At Royal HaskoningDHV we have substantive knowledge on ESG topics like decarbonisation, climate change adaptation, pollution, water, biodiversity, circularity, and social topics. Enabling you to convert your CSRD-policies into concrete actions that contribute to your sustainability goals.
