Corporate Sustainability Reporting Directive (CSRD) Brings Major Changes

Learn what you need to maintain compliance with the new requirements

The new directive will modernize and strengthen the preexisting rules, as well as ensure investors and other stakeholders have clear access to the information they need when it comes to assessing investment risks stemming from climate change and other sustainability issues.

A summary of the changes:

• Aligns corporate reporting requirements with the EU Taxonomy
• Expanded reporting requirements to include double materiality, Scope 3 Greenhouse Gas (GHG) emissions, and due process requirements
• Mandatory assurance requirements
• Required digital tagging (XBRL) for AI accessibility

Who's Affected?

The CSRD expands the scope of companies and listed SMEs included from 11,700 to nearly 50,000. These organizations and enterprises fall under at least one of the following categories:

• Companies listed on the EU-regulated markets

• Companies with two of these three attributes:

◦ 250 employees

◦ €40M in annual turnover

◦ €20M in total assets

• EU subsidiaries of non-EU parent companies

• Companies with activity in the EU

Companies must report in compliance with European Sustainability Reporting Standards (ESRS)

The ESRS— which will be integrated with Benchmark ESG Director™— is based on the consolidation of current best practices, use of existing international standards & frameworks, and new sustainability reporting obligations resulting from recent European regulations and legislations like the Sustainable Finance Disclosure Regulation (SFDR) and EU Taxonomy for sustainable activities.

Environment-related matters

Climate-related mitigation & adaptation
Pollution
Water and marine resources
Biodiversity and ecosystems
Circular economy

Social-related
matters

Own workforce
Workforce in the value chain
Affected communities
End-users / consumers

Governance-related matters

Business conduct

Streamline Efforts Across the Enterprise with Benchmark ESG Digital Solutions

ESG Data Collection and Mapping to collect the data covered within the CSRD

Emission calculations that support Scope 1, 2, and 3 greenhouse gas (GHG) inventories

Full audit trail of edits made to each record (who, what, when) to facilitate 3rd party assurance

Supply chain engagement to collect Scope 3 data, conflict minerals, and other value chain impacts

Learn More About Our Award-Winning Solutions

ON-DEMAND WEBINAR

ESG Drivers: The European CSRD and the TCFD - Risks and Opportunities.

Companies across Europe and the UK need to ensure they’re up to the task of reporting verifiable and auditable investment-grade data to meet the requirements of new mandates stemming from the European Corporate Sustainability Reporting Directive (CSRD) and the global adoption of the TCFD guidelines. In this webinar, learn how you can best equip and prepare your company for what’s ahead with the new requirements.

Comprehensive CSRD Compliance Program
Management with Benchmark ESG

Let's Get Started!

Ensure Your Success Through Our Tailored Benchmark Sustainability & ESG Strategic Services

Work with our team of Sustainability Management, ESG Disclosure Reporting, and Data Management professionals; specialist SMEs; and integrated domain & technology experts to get clear visibility on your program’s performance and pinpoint where you can better capitalize on sustainability & ESG opportunities.

Together, we’ll take a consultative approach involving surveys, workshops, and consensus building supported by best practice benchmarking and technology tools