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To date, only certain companies have been obliged to prepare a non-financial statement under the CSRD Implementation Act. However, many companies have already opted to report on a voluntary basis to transparently communicate their activities and progress on sustainability matters.
The adoption of the Corporate Sustainability Reporting Directive (CSRD) into national law significantly expands the group of companies that are obliged to report. Gradually, large companies and groups without a capital market orientation, small and medium-sized capital market-oriented companies and companies from third countries with branches or subsidiaries in the EU will also have to publish information on their sustainability performance. In Germany ~15.000 companies fall under the application scope of the CSRD, prior it was ~500 companies.
To compare sustainability reports, the European Union has developed the European Sustainability Reporting Standards. These are mandatory for companies to comply with sustainability reporting requirements in practice. In addition, the complex requirements of the EU Taxonomy Regulation must also be implemented as part of the reporting on environmental impacts of business activities.
We support you in getting started with sustainability reporting and in preparing your annual report. This includes the identification of significant impacts, opportunities and risks as part of a comprehensive materiality analysis, stakeholder involvement and the alignment of the reporting process according to you company’s needs. We also consider the selection of a suitable software tool and will implement documentable processes that provide an auditable fulfillment of the disclosure requirements and determination of the data points to be disclosed. We also prepare the draft report and ensure alignment with the regulatory framework.
Our sustainability services for reporting
- Consulting on ESRS implementation
- Ready for CSRD: basic workshops, double materiality analysis, GAP analysis and action plan
- EU taxonomy reporting: portfolio screening, determination of taxonomy KPIs, EU taxonomy report in accordance with the Regulation
- CSRD reporting (collection & documentation of data points, sustainability reporting in accordance with CSRD/ESRS)
- Preparation of sustainability reports
Further Sustainability Services:
Auditing sustainability reports is complex and requires in-depth expertise – especially due to current regulatory requirements and developments.
We review your reports and support you to comply with relevant standards and ensure the transparency of your sustainability performance.
Find out more about our comprehensive auditing services and current developments on this topic here.
A strong sustainability strategy not only ensures legal compliance, but also strengthens your corporate image and provides long-term success for your business (model).
Our experts are dedicated to support you. We implement your sustainability objectives with precision, ensuring you remain competitive in the market.
Read more about our advisory services here.
Book your exclusive ESG expert consultation
Navigating the complex ESG (Environmental, Social, Governance) regulatory landscape can be challenging – let our experts guide you!
In a 20-minute consultation our ESG specialists help you discover strategic actions your organization can take to ensure compliance and drive long-term sustainable success.
Nexia works hands-on, guiding you from strategy to practical execution and showcasing how to effectively integrate ESG for measurable impact.
