CSRD is coming – increase competitive advantage in sustainability
CSRD introduces new and stricter requirements for sustainability reporting and sustainable development. The directive requires companies to report on their sustainability more transparently and comprehensively. Is your company ready to meet these requirements? We will help you understand and implement the measures required by the CSRD easily. Preparing for these requirements will help companies improve their sustainability and find new business opportunities.
How do I get started with CSRD? – Sweco’s experts to support you
Sweco offers your company comprehensive support to face the requirements of the CSRD regulation.
- Materiality Assessment: We help you carry out a thorough materiality assessment based on the principle of double materiality. The double materiality assessment forms the basis for the company’s effective sustainability work and basis for reporting in accordance with the CSRD. In the process, sustainability themes are evaluated from two perspectives: the positive and negative impacts of the company’s operations on people and the environment, and the risks and opportunities caused by a specific sustainability theme to the company’s business. A carefully conducted materiality assessment helps to focus the company’s sustainability work on those areas that have the greatest impact.
- Value chain impact assessment: Our experts map the impacts of your value chain from environmental, governance and social sustainability perspectives. We help you identify the most critical sustainability challenges and ensure comprehensive reporting.
- Identification of financial risks and opportunities: Together with your organisation’s management, we map the financial risks in order to determine materiality and create guidelines for future sustainability and business development.
- Stakeholder engagement: We use stakeholder surveys, interviews, workshops and other participatory methods to incorporate your stakeholders’ views and priorities into the materiality assessment.
- Improving reporting: We support the development of your reporting process, ensuring that it meets the requirements of the CSRD regulations.
- Improving transparency: We ensure that the client materiality assessment process is accurately and transparently documented. This strengthens your sustainability profile and increases stakeholder trust.
We are your reliable partner on your journey to strengthen your sustainability and integrate it firmly into your business strategy and ways of working. We help you navigate the requirements of the CSRD smoothly and efficiently so that you can focus on increasing your competitive advantage through sustainability.
CSRD harmonises sustainability reporting
CSRD harmonises sustainability reporting
For corporations The EU Sustainability Reporting Directive (CSRD) enables to demonstrate sustainability performance and progress in order to meet the growing demands of consumers, investors and other stakeholders for open and transparent information.
The directive requires companies to report clearly and comparably on the risks, opportunities and impacts related to sustainability. This is not only a compliance opportunity, but also an opportunity to make more sustainable business decisions.
ESRS Sustainability Reporting Standards
The CSRD sets reporting requirements for companies based on 12 European Sustainability Reporting Standards (ESRS). These standards cover four key areas: general reporting, environment (E), social factors (S) and governance (G). The reports must be in digital format and verified.
Materiality assessment as a basis for the CSRD
The CSRD requires companies to report on sustainability based on a materiality assessment. This analysis is based on the principle of double materiality, that is, the company should look at two points of view:
- How do the company’s operations affect society and the environment?
- What are the financial risks and opportunities associated with different sustainability themes?
These perspectives help you identify the most material impacts, risks and opportunities related to different sustainability themes that you need to report. Based on the materiality assessment, the company determines the most material impacts, risks and opportunities related to different sustainability themes that form the basis for reporting.
Three new key requirements for materiality assessment:
- New dimensions: Companies need to report on sustainability-related themes throughout the value chain, including the social and environmental impacts of their operations.
- Stakeholder engagement: Stakeholders should be involved in the discussion in order to strengthen the company’s understanding of the impact of its operations on different stakeholders.
- Transparency: Companies must detail how the materiality assessment has been carried out and how stakeholders have been involved in the process.
CSRD and ESG: a new standard for corporate responsibility
The CSRD requires companies to report information on ESG factors (environmental, social, governance) in a more comprehensive and transparent way. Clear and concrete reporting requirements help companies identify sustainability-related risks and opportunities that can become a significant strategic competitive advantage.