- Decades of experience in advancing corporate sustainability: Sweco’s sustainability consultants have extensive experience in sustainability reporting, as well as in developing and managing corporate sustainability. This makes us a trusted partner for CSRD-compliant sustainability reporting.
- Strategic approach to business management through sustainability: We understand the financial risks and opportunities associated with climate change, biodiversity loss, human wellbeing and corporate governance. Based on this understanding, we help organisations integrate concrete sustainability actions and objectives into their business strategy.
- Multidisciplinary team from sustainability strategies to practical implementation: Sweco’s experts represent a wide range of disciplines, combining expertise in environmental and climate impacts, social impacts, risk management, scenario analysis and sustainability communications with hands-on planning and consultancy for the built environment and industry. This enables us to provide comprehensive solutions tailored to your organisation’s needs.
The CSRD Directive sets requirements for the sustainability reporting of large companies.
CSRD-compliant sustainability reporting
The CSRD Directive has introduced more stringent requirements for sustainability reporting and sustainability management in large companies. The Directive requires companies to report on their sustainability matters, targets, and actions in a more transparent and comprehensive manner than before.
Do you need support with the practical implementation of CSRD requirements? At Sweco, we help you understand and implement the measures required by the CSRD Directive efficiently and effectively. A systematic approach to meeting these requirements can help companies improve their sustainability performance, manage sustainability initiatives, identify and mitigate risks, communicate their actions transparently, and uncover new business opportunities.
How to Ensure CSRD compliance: Support from Sweco’s experts
Sweco offers comprehensive support in interpreting CSRD requirements, developing sustainability reporting processes, and implementing them in practice.
- Materiality Assessment: We help you conduct a comprehensive materiality assessment based on the principle of double materiality. A double materiality assessment provides the foundation for effective sustainability management and serves as the basis for CSRD-compliant reporting. The process evaluates sustainability topics from two perspectives: the positive and negative impacts of a company’s operations on people and the environment, and the risks and opportunities that specific sustainability topics create for the business. A carefully conducted materiality assessment helps organisations focus their sustainability efforts on the areas where they can have the greatest impact.
- Value chain impact assessment:Our experts assess the environmental impacts of your value chain, governance processes and transparency, as well as social responsibility aspects. We help you identify the most critical sustainability challenges, the most material impacts and the most significant risks, while ensuring comprehensive reporting.
- Identification of financial risks and opportunities: Together with your organisation’s management, we map the financial risks and opportunities associated with sustainability impacts, 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.
- Reporting development: We support the development of your reporting process and help ensure compliance with CSRD requirements.
- Improving transparency: We ensure that the materiality assessment process is thoroughly and transparently documented. This strengthens your sustainability profile and helps build trust among stakeholders.
CSRD harmonises sustainability reporting
The EU Corporate Sustainability Reporting Directive (CSRD) helps companies respond to growing demands from consumers, investors and other stakeholders for open and transparent information. The Directive requires companies to report clearly and in a comparable manner on sustainability-related risks, opportunities and impacts. This is not merely about meeting regulatory requirements; it is also an opportunity to make better and more responsible business decisions.
The CSRD requires companies to report on ESG impacts related to the topics identified through a double materiality assessment. The reporting obligation applies to all large companies that meet the following criteria:
- More than 1,000 employees, and
- Annual net turnover exceeding €450 million.
ESRS Sustainability Reporting Standards
The CSRD Directive sets reporting requirements for companies based on the 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.
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: more transparent and comparable reporting
The CSRD requires companies to report information on ESG factors (environmental, social, governance) in a more comprehensive and transparent way. Clear and practical reporting requirements help companies identify sustainability-related risks and opportunities, manage their sustainability objectives, and communicate their actions transparently to investors, customers, employees and other stakeholders.
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Why choose Sweco as a CSRD partner?
Contact us!
Olli Sahimaa
Leading Expert