While fewer organisations may fall within its remit, the European Union’s Corporate Sustainability Reporting Directive (CSRD) provides a useful framework to help define your strategy. The process can guide you to develop smarter long-term approaches which future-proof your business, improve stakeholder relationships and strengthen your reputation.
Climate change, legislation, competitive pressures and more are placing industrial companies across Europe in a sustainable transition. Specific risks and uncertainties include:
The benefits and opportunities of a robust sustainability strategy include:
Choose Haskoning as your ESG strategy partner. With all the expertise needed for defining your strategy and reporting under one roof, we are here to help with accurate, timely preparation of your company’s sustainability reporting.
The Corporate Sustainability Reporting Directive (CSRD) can still play a crucial role in helping you develop a sustainability strategy bringing long-term benefits to your business:
Find your way through the ever-growing complexity of sustainability reporting, stakeholder communication and performance management with a trusted, independent partner. We help you identify your impacts, choose those which are most material, and define your strategic goals. Our support extends to strategy drafting and implementation.
Partner with us to turn your sustainability challenges into opportunities for growth, ensuring your sustainability goals are actionable and impactful.
Benefit from our substantive knowledge of ESG themes to guarantee a holistic approach. Our strong track record combines technical knowledge and practical implementation to deliver measurable impact for your organisation through feasible, integrated strategic plans. We can help you with:
Experts in ESG management and strategy
The Corporate Sustainability Reporting Directive is a European Union (EU) directive which changes the way organisations must disclose and report information on environmental, social, and corporate governance (ESG) performance. It is aimed at improving transparency and comparability of sustainability reports among EU organisations and their value chain. This enables stakeholders to make informed decisions and drive sustainable investments towards organisations that prioritise ESG performance.
Organisations need to report on risks and opportunities arising from social and environmental issues, and on the impact of their activities on people and planet. It includes environmental issues such as climate change risks, pollution and biodiversity, social impacts like human rights, as well as governance factors like employee matters, anti-corruption, and anti-bribery matters.
The CSRD reporting is a mandatory framework for companies which meet the threshold and is more extensive and highly specific in its disclosure requirements covering ESG compliance. CSRD also holds a voluntary standard (VSME) for companies outside the scope of the CSRD.
We have been supporting businesses with non-financial corporate reporting and ESG strategies since their inception. This includes frameworks such as International Sustainability Standards Board (ISSB), Task Force on Climate-Related Financial Disclosures (TCFD), Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB). Together, we can help you overcome implementation and preparation challenges to report accurately against your CSRD standards and timelines.
Under existing plans, almost 50,000 organisations in Europe could be subject to CSRD and even more will need to supply information on the environmental and social impact to their clients and suppliers.
Current criteria: CSRD affects organisations which meet any two of the following:
Current timelines:
Changes to CSRD are in prospect following the European Commission’s presentation of the Omnibus package in early 2025. It adjusts timelines, thresholds for companies subject to reporting, and simplifies reporting guidelines (ESRS). This package potentially reduces the number of companies in the CSRD’s scope by about 80%.
Note however that the Omnibus is not yet approved and effective – planned changes and timing are outlined below:
