CSRD
The Corporate Sustainability Reporting Directive, known as CSRD, is the European reference framework for sustainability reporting. Our experts guide companies in their regulatory alignment and sustainable transformation.
Understand to act
Before embarking on the CSRD adventure, it is important to ensure that the teams involved have a good understanding of ESG issues (climate, biodiversity, water, circular economy, social issues, etc.). EcoAct provides you with educational support in this area: Fresks and murals, tailor-made workshops, presentations by experts to different audiences (Comex, CSR teams, operational staff, suppliers), creation of a community of ambassadors, etc.
Using science and collective intelligence as a guide
CSRD requires a double analysis of ESG impacts and risks. EcoAct adopts a pragmatic methodology to identify them, as well as the associated opportunities, based on:
Leverage existing resources and build your strategic, operational and data roadmap
The gap analysis consists of identifying the strategic spots where your organisation is most mature, while defining the major projects that still need to be undertaken to better control your impacts, risks and opportunities. EcoAct adapts its approach to your needs in this area. Our tools enable your organisation to use CSRD as a compass for ESG performance. We support you in the priority stages of implementation.
Facilitating reporting and the production of management reports
EcoAct has a Climate Data Analytics team dedicated to data expertise. We can help you define your ESG data collection and calculation requirements. We can also advise you on the choice of a reporting tool tailored to your specific needs. Our sole aim: to make your reporting easier. EcoAct remains an agnostic consultancy when it comes to recommending tools and platforms.
Accelerating your positive impacts and resilience
EcoAct helps your organisation to develop and implement a robust environmental strategy by providing consultancy services: carbon and biodiversity footprinting, climate and biodiversity risk analysis, definition of water-related risks, multi-criteria lifecycle analysis, transition plan, project financing strategy to maximise your impact, etc.
Aligning your business with planetary boundaries
EcoAct’s ambition is to support you in transforming your business model with a dual objective: to maximise your positive impacts and increase the resilience of your economic activities. By combining science and commitment, supported by a rich regulatory framework (CSRD, EU taxonomy, CSDDD), we work together on the evolution of your products and services portfolio to align with planetary limits.
The growing urgency to address climate change calls for a profound shift in the way businesses conduct their operations. This whitepaper explores how transformation not only allows organisations to effectively mitigate risks, changing regulation and stakeholders’ expectations, but also opens up a opportunities for innovation, long-term resilience, and sustainable growth.
The CSRD (Corporate Sustainability Reporting Directive) is the European directive on the publication of sustainability information by companies. It harmonises ESG reporting by specifying the key indicators to be published in the management report on climate, pollution, water, biodiversity, the circular economy, social issues, and governance. 40,000 European companies and 10,000 non-European companies are concerned.
The publication of robust sustainability reporting brings several advantages to companies: strategic reflection on impacts, risks and opportunities at the highest level of the company, financing opportunities, strengthening of the employer brand, etc.
ESRS stands for „European Sustainability Reporting Standards“. These are the set of standards that specify the categories of indicators, the indicators and the methodologies required to produce high-quality sustainable information. There are two generic standards (ESRS 1 and 2) and ten thematic standards on the Environment (E1, E2, E3, E4 and E5), Social (S1, S2, S3, S4) and Governance (G1).
Until now, the Non-financial Reporting Directive did not specify the specific indicators expected in the publication of extra-financial information on the ESG perimeter. Between 2017 and 2020, the companies subject to it were gradually required to publish a full carbon footprint and a reduction plan. The CSRD goes further in its ambition to harmonise sustainability reporting by specifying the indicators expected for each ESG theme of significant importance and by requiring them to be auditable.
The first CSRD reports will be published in 2025 on 2024 sustainability data for large listed companies subject to the NFRD (Non-Financial Reporting Directive). All large companies, including SAS, will start reporting in 2026 on 2025 data. Listed SMEs will begin reporting in 2027 on the year 2026 (with a possible two-year delay). Finally, large foreign groups with significant activity within the EU will publish their first report in 2029 on 2028.
The European taxonomy is integrated into the CSRD. This means that companies subject to this new directive will also have to measure their eligibility and alignment with the European taxonomy.
The CSRD aims to be a reporting framework that integrates other robust standards. To this end, the European Union is working mainly with the CDP, the GRI, the TCFD and the ISSB. If a company is aligned with the CSRD, then it will be highly compatible with the best sustainability reporting frameworks.
The CSRD advocates double materiality (impacts and risks), whereas the ISSB opts above all for financial materiality. In addition, the CSRD has defined 10 thematic standards on ESG, whereas the ISSB focuses solely on climate change to date. Finally, the CSRD is mandatory within the EU and beyond, whereas the ISSB is a framework defined by a private law body that can be made mandatory by certain countries.
EcoAct has a positive and transformative vision of CSRD. It can be approached as something other than a reporting exercise. Based on your data and science, we use reporting as a guide to corporate sustainable and resilient transformation. At the same time, we believe that awareness-raising and commitment are essential if you are to take action using this most robust framework for action at international level, in a pragmatic and educational way.
The following penalties apply in the event of non-compliance with the CSRD in France:
In addition to the financial penalties, CSRD information will be published on a European Union platform and made available to the public, which could represent a reputational risk.
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