The Corporate Sustainability Reporting Directive (CSRD) is a major step forward in transparency and accountability for businesses across the EU and UK. By requiring higher standards of sustainability reporting, it challenges companies to align with evolving environmental, social, and governance (ESG) expectations.
We provide tailored CSRD services to simplify compliance, enhance reporting accuracy, and help you highlight leadership in sustainability. With our expert guidance, you can confidently meet regulatory standards while building trust with stakeholders and demonstrating your ESG commitment.
What is CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is an EU regulatory framework requiring companies to report on their environmental and social impact, replacing the Non-Financial Reporting Directive (NFRD), to standardise and enhance sustainability reporting across more businesses. This regulation makes it easier to compare companies’ sustainability efforts and encourages greener business practices, supporting the EU’s net zero goal.
To ensure consistency, all companies covered by the CSRD must report using the European Sustainability Reporting Standards (ESRS), which provide a standardised framework for disclosures.
CSRD Current Requirements:
Companies classed as large undertakings must report if they meet two or more of the following:
- Balance sheet total: Over €25 million
- Net turnover: Exceeds €50 million
- Employees: More than 250 on average (subject to potential revision to 1,000 employees in the future)
Listed SMEs and certain non-EU firms must also comply, with a phased rollout.
Although the CSRD is an EU regulation, UK companies, and those based outside the EU, must still comply if they meet one of three categories:
Category 1. They have securities listed on an EU-regulated market
Category 2. They conduct significant business in the EU (generating a net turnover of more than €150 million in the EU with at least one subsidiary or branch in the region), or
Category 3. They were previously subject to the Non-Financial Reporting Directive (NFRD).
To provide businesses with additional time for compliance, the CSRD reporting deadline has been extended to 2028 for certain companies.
Benefits of Complying with CSRD
Adhering to CSRD requirements doesn’t just help you avoid penalties; it provides a host of benefits that can set your business apart:
- Regulatory Compliance: Stay ahead of the curve and meet evolving EU sustainability standards.
- Improved Transparency: Deliver reliable ESG data to build stakeholder confidence.
- Investor Confidence: Meet the growing demand for detailed ESG disclosures from investors.
- Risk Management: Proactively address ESG risks that could impact your operations.
- Market Leadership: Position your organisation as a forward-thinking leader in sustainability.
Our CSRD Services
We offer a full suite of services to guide your business through CSRD compliance, helping you simplify the process and meet regulatory requirements with ease:
Gap Analysis and Readiness Assessment
We’ll assess your current reporting practices, identify any gaps, and recommend improvements to align with CSRD standards.
Data Collection and Verification
From ESG data gathering to thorough verification, we ensure your disclosures are accurate and meet the ESRS framework requirements.
Sustainability Reporting Development
We assist in creating detailed, CSRD-compliant reports integrated seamlessly into your annual management disclosures.
Assurance Services
Independent verification of your sustainability data is critical under CSRD. We provide assurance services to meet these requirements and build trust in your disclosures.
Stakeholder Engagement Strategy
Effective communication is key. We’ll help you develop clear strategies to address the expectations of investors, regulators, and other stakeholders.
Training and Support
Equip your team with the tools and knowledge needed to implement CSRD-compliant practices confidently.
Why Choose us for CSRD Support?
Navigating CSRD compliance can be complex, but we can make it straightforward for you and your business. We combine in-depth sustainability reporting expertise with a practical understanding of the CSRD framework.
Our approach is tailored to your unique needs, ensuring compliance while improving the quality of your ESG disclosures. Whether it’s data collection, assurance, or report preparation, we’ll guide you every step of the way.
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Take the Lead in CSRD Compliance
CSRD doesn’t have to be overwhelming. With our help you can stay ahead of regulatory requirements while strengthening your sustainability performance.
Get in touch today to learn how our CSRD services can help your business navigate compliance complexities, enhance reporting accuracy, and demonstrate ESG leadership.
