Corporate Sustainability Reporting Directive | CSRD

CSRD at a glance.

The EU Sustainability Reporting Directive defines new standards for how and which companies should report on ESG issues in future.

Sustainability statement: In future, the publication of sustainability indicators must be mandatory and standardized in the management report of the annual report with clearly defined reporting content.
Disclosure requirements: The ESRS (European Sustainability Reporting Standards) define general and thematic content on which companies are required to report. Increased quantification of the report content through the use of key figures is intended to improve the measurability and comparability of the information and transparently present developments in the sustainability performance of companies.
Omnibus: The so-called "Omnibus-procedure" of the European Union consolidates different reporting obligations (CSRD, CSDDD, EU Taxonomy) and is intended to simplify non-financial reporting. An overview of the content adjustmentsto the ESRS is pendingand is to be presented for the first time in October 2025.

The transposition of the CSRD into national lawshalladhereto the omnibusproceduretothe omnibus procedure, which is why ea final and bindingnational legal basis remains open. Details on the scope of the reporting obligations and the current status of regulatory developments can be found here.

When does your company have to report?

The CSRD-reporting requirements apply primarily to large public interest entitieswith more than 500 employees, already affected by the NFRD. These represent the first wave of the CSRD application group. Für aall other large companies are subject to the CSRD-reporting obligation under the amendments to the Omnibusprocedures ("stop the clock") for the first time in 2028 over the 2027 financial year. This second wave of reporting requirementsaffects all large companies. companies with more than 1.000 employeesand either a net turnover of more than 50 million euroor ar Balance sheet total higher than 25 million euros.

ZIn addition, the EU-Commission is planning a regulation on voluntary sustainability reportingfor SMEs. (small and medium-sized enterprises), that do not fall under the CSRD reporting obligation. Thisis to be based on the already existing VSME (Volunatary sutainability reporting standards for non-listed SMEs (Small and medium sized enterprises)). Thisvoluntary reporting standard represents a greatly reduced version of the ESRS requirementsand disclosure requirements, which SMEs can use as a guidefor their reporting. This should allow SMEs to receiverequests fromBusiness partnersn, Banks or Customers to sustainability informationcan respondconsistently and efficiently.

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CSRD-ready?
Compliance through holistic CSRD support.

The required report contents of the Corporate Sustainability Reporting Directive follow the principle of double materiality ("Double "). materiality ("Double Materiality"). This means that both the financial relevance of sustainability issues for your company and the impact of your company on the environment and society must be taken into account.

Together with you, we run a double Materiality analysis with the involvement of all key stakeholder groups. In addition, we help you to set up ESG data management that suits your company and formulate a clear roadmap to become CSRD-compliant. A gap analysis or a readinessassessment reveals specific reporting gaps with regard to the CSRD requirements.

We then discuss and prioritize the identified needs for action in a roadmap workshop: Central building blocks can include, for example, the implementation of a climate risk analysis, a company-specific greenhouse gas accounting or the development of a climate strategy. In addition to closing specific reporting gaps for CSRD compliance, other regulatory requirements can also be considered directly - for example the EU taxonomy.

Are the numerous content-related disclosure requirementsof the CSRD or VSME are covered, these are covered in the sense of a ESG-Reportingprocess prepared for publication.

Since sustainability reporting will also be external in the futurein accordance with "limited assurance" must be audited, we work closely with auditing firms to ensure that the reporting obligation is implemented in an audit-proof and legally compliant manner. This turns the journey to CSRD compliance into a concrete, plannable and operationally feasible project.

Ready for the future. Competitive advantage and long-term value.

Building on the double materiality analysis, we work with you to formulate the focal points of future sustainability management. By creating a catchy mission statement, we enable your organization to systematically approach sustainability from now on, identify clear goals and measures and actively manage them using effective key performance indicators (KPIs). This new vision of sustainability bundles the necessary forces in your company to successfully position itself on the market in the future and generate impact in addition to fulfilling legal requirements.

Integrating ESG criteria into the strategic direction of your company is not only a matter of compliance, but also offers a significant competitive advantage. Companies that proactively integrate sustainability aspects into their core business strategies often achieve greater resilience to market volatility and gain the trust of investors and consumers.

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Outlook and next steps.
Proactive preparation for upcoming changes.

With the EU's ever-increasing requirements and guidelines for sustainability reporting, companies must companies must remain agile and continuously adapt their processes to the reporting obligation. In addition, your company should invest in sustainable technologies and processes to increase efficiency and sustainability. Proactive alignment with the CSRD or VSMEand the integration of ESG criteria are critical to long-term success and responsible business practices.