The Corporate Sustainability Reporting Directive, or CSRD for short, increases the scope and requirements for non-financial reporting compared to the previously applicable NFRD. Sustainability reporting will gradually become mandatory for most companies in the EU, including many small and medium-sized enterprises (SMEs) from 2026. Reporting will be based on the European Sustainability Reporting Standards, or ESRS for short.
Five Glaciers Consulting supports companies in the preparation of CSRD reporting - taking into account all relevant regulations (EU Taxonomy Regulation) and guidelines (ESRS). With standard-compliant CSRD reporting, we not only do the homework for your company, but also position you as a responsible and forward-looking player on the path to a more sustainable economy in Europe.
Analyze company activities
Compile relevant data for carbon footprint
Balance emissions (Scope 1, 2 and 3)
Create CCF report
Fulfill CSRD reporting obligations
Identify main sources of emissions
Meeting customer requirements
Creating the basis for your climate strategy
Determining the scope of the project
Pragmatic closing of data gaps
Proactive project management
Further cooperation on request
The preparation of reports in accordance with CSRD is new for many companies - and the collection of data and compliance with all standards is correspondingly challenging. While the preparation of financial reports is now a standard process in companies, many organizations still feel overwhelmed by non-financial sustainability reporting.
We support you in preparing your individual sustainability report and thus create the framework for future reporting. We work with you to identify all relevant topics in the company using the double materiality analysis, compile the key data and analyze and structure your data gaps in a roadmap. The result is a report that is formally convincing, meets compliance requirements and can also be used as a trust-building medium for external communication.
With our first CSRD report, we have not only fulfilled the legal requirements, but also created a good basis for future non-financial reporting.
Your CSRD reporting, once expertly and excellently prepared, will become a valuable basis for your company's future sustainability strategy. It is an important foundation on which you can build - also in further cooperation with us.
Using the dual materiality analysis as a compass for sustainability in the company
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Becoming a sustainability pioneer with voluntary reporting as an SME
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Your path to climate neutrality - an ambitious climate strategy that sets clear targets and has a controllable impact
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The reporting obligation will apply from 2024 for companies of public interest with more than 500 employees, from 2025 for large companies (two of three criteria: >250 employees, >€40 million turnover, >€20 million balance sheet total) and from 2026 for listed SMEs. Non-listed SMEs can adapt voluntarily in order to remain competitive. From 2028 at the latest, all affected companies should report in accordance with the new standards.
In contrast to previous sustainability reporting, an external audit of the CSRD report is mandatory. This is initially carried out with limited assurance, and later with greater depth. The audit ensures the comparability and reliability of the sustainability reports.
The VSME is specifically designed for small and medium-sized enterprises and offers simplified, voluntary sustainability reporting. Unlike the CSRD, which requires detailed ESG data and external assurance, the VSME is more flexible, more customizable and less resource-intensive. It is particularly suitable for SMEs that want to demonstrate transparency without having to bear the full regulatory burden of CSRD.
Companies must present their methodology, the stakeholders involved and the results transparently. In sustainability reporting, this is often visualized using a materiality matrix that shows the financial and social impact of ESG issues. The ESRS also require companies to disclose how materiality assessments change over time.
A CSRD report must contain comprehensive information on ESG factors, including environmental and climate risks, social impacts, governance structures and business model adjustments. Dual materiality plays a central role by considering both financial and social impacts. Reporting is carried out in accordance with the European Sustainability Reporting Standards (ESRS).
Let's talk about the CSRD! We look forward to getting to know you.
Phone: +49 174 1305766
E-mail: info@fiveglaciers.com
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