ESG Reporting

Measure and report your environmental, social, and governance performance

Make more informed decisions based on ESG Reporting

The need for transparency and comparability has led to an increase in the number of reports that departments need to periodically produce, such as corporate or group reporting. ESG reporting refers to reporting in three areas namely: environmental, social and corporate governance.

Reporting on KPI’s like carbon footprint, water usage, labor circumstances of employees of suppliers in foreign countries can make you as a finance professional nervous.

To become more comfortable with this kind of data for Intelligent Sustainability Reporting, you need to incorporate it in your reporting calendar as soon as possible and just start working with it and make it a part of your periodic reporting cycle.

ESG Reporting criteria
ESG Reporting | Corporate Sustainability Reporting Directive (CSRD)
Download free white paper

Download the white paper and learn more about how CSRD could impact your company.

Becoming CSRD compliant starts with data quality

In ESG reporting, you are faced with increasing amounts of data that must be extracted from various data source systems. This increase is due to the many ESG topics that drive many reporting standards; climate change, waste management, biodiversity, working conditions, health & safety, and responsible business practices, among others.
Data collection and data quality can be significant challenges. In order to report your organization’s sustainability performance, the foundation of your data must be in place.

Most companies have reliable data collection and quality controls for their financial data. For reliable ESG reporting, these data collection and quality controls must also be in place.

Aligning these processes is vital because you want financial and sustainability data to be equally reliable and of the same high level of quality.

 

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Rianne Snijder
Junior Consultant

Who needs to be CSRD compliant?

 It was planned to be effective from 2024, reporting on Fiscal Year 2023. However, the European Council proposed delaying it to start in 2025, with different phases for specific companies.  

In addition, a new deadline for reasonable assurance is requested to only be effective from 6 years after their starting point in complying with CSRD. E.g., when you start in 2026, the reasonable assurance would begin in 2032. We illustrate this timeline in the below figure:

All you need to know about ESG Reporting

Knowledge base ESG | CSRD | NFRD
Intelligent Sustainability Reporting | ESG
Corporate Sustainability Reporting Directive (CSRD)
The Roadmap to the Corporate Sustainability Reporting Directive 
NFRD vs. CSRD