Sustainability Report CSRD/ESRS

The sustainability report promotes your reputation! Customers, employees and stakeholders will ask for it!

We enable the preparation of your sustainability report with our holistic approach. The report´s content will be well-grounded, substantial and convinces your stakeholders about the sustainbility of your business model.

SUSTAINABILITY REPORTING – TODAY AND TOMORROW

Status Quo 2023

Financial
Reporting

Sustainability
Reporting
  • Financial reporting plus limited sustainability reporting  according to the current Non-Financial Reporting Directive (NFRD – allows different standards)
  • Sustainability reporting only for big, capital-market-oriented companies (approx. 550 companies in Germany)
  • (Corporate) annual report, optional separate report
  • Circle of adressees: shareholders, board of directors, investors
  • Top management is responsible for preparation and publication
  • No obligation for external accountability

2024 and following years

Financial
Reporting

Sustainability
Reporting
  • Financial reporting plus standardized sustainability reporting according to the new Corporate-Sustainability- Reporting-Directive (CSRD)
  • Sustainbility reporting will be mandatory for big and medium-sized companies (approx. 15.000 companies in Germany)
  • A n exclusive section in the (corporate) annual report will be mandatory
  • Circle of adressees: shareholders, board of directors/ managing director, investors plus stakeholders (suppliers, customers, public, banks,...)
  • Top management is responsible for preparation, accountability and publication
  • Obligation for external accountabillty

The sustainability report needs to respect the new CSRD/ESRS-standards!

We incorporate the relevant standards, „disclosure requirements und reporting levels.

CSRD UND ESRS

Level 1 → Corporate Sustainability Reporting Directive (CSRD)

  • Relevant as of 14.12.2022
  • Implementation to national legislation latest until 06.06.2024
  • Ongoing implementation in Germany

Level 2 → European Sustainability Reporting Standards (ESRS)

„Cross-Cutting“ Standards

 

ESRS 1 – Generel Requirements

ESRS 2 - General Disclusures

ESRS Topical Standards

 

ESRS E
Environment
ESRS E1
Climate Change
ESRS E2
Pollution
ESRS E3
Water & marine resources
ESRS E4
Biodiversity & ecosystems
ESRS E5
Resources & circular economy
ESRS S
Social
ESRS S1
Own workforce
ESRS S2
Workers in the value-chain
ESRS S3
Affected communities
ESRS S4
Consumers & end-users
ESRS G
Governance
ESRS G1
Business conduct

Scope of ESRS

  • 3 topics (ESG)
  • 2 cross-cutting standards,
    10 topical standards
  • 84 disclosure requirements with
    a variety of data points
  • Starting 2024/2025
    • Sector specific standards
    • Proportionate standards for KMU

Reporting levels for each standard

  • Governance
  • Strategy
  • Impact-, risik- and opportunity management
  • Metrics and targets