Sustainability reporting
The regulatory framework for CSRD reporting requirements is in flux – many companies are wondering whether they should start now or wait and see. Our recommendation: it’s worth preparing and taking action now! Regardless of future adjustments, ESG transparency remains a strategic necessity. We can help you find out whether your company is subject to reporting requirements and support you in preparing your sustainability report in accordance with current standards.
The Corporate Sustainability Reporting Directive (CSRD) is a transparency directive that requires certain companies to provide comprehensive reporting on their sustainability performance. Its goal is to ensure comparability, reliability, and consistency in sustainability reporting, while encouraging companies to strategically manage sustainable development.
There is no obligation to provide all key figures in full from the outset. In the first year, companies can also state that no reliable information is yet available for certain data points – however, it is important to demonstrate a clear strategy for gradually improving data collection.
The ESRS sustainability report must cover all of a company’s material topics. The exact content is based on the double materiality analysis, which determines which topics are relevant for the company.
XBRL (eXtensible Business Reporting Language) is a standardized digital reporting format that is required for the submission of the sustainability report in accordance with ESRS to fulfill the CSRD reporting obligation. It enables a structured and machine-readable presentation of the report content for supervisory authorities and other stakeholders.
Our service for creating a sustainability report in accordance with ESRS does not include the technical XBRL implementation. However, we do provide technical advice and support to ensure that your report fully covers all relevant ESRS topics and data points and is optimally prepared for subsequent XBRL formatting.
Do you have any questions about this service or would you like to discuss your project with us? Write to us – we look forward to exchanging ideas with you!