Sustainability reports
Why is the
CSR report important?
Is a
CSR report worth it?
Absolutely!
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How do
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preparing a CSR report?
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using our customised tools
requirements
Our
support
your reporting obligation
legally compliant
CSR report
of sustainable measures
auditors
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Our
answers
to your questions
The Corporate Sustainability Reporting Directive (CSRD) introduces the reporting obligation in stages:
• From 2025 (for financial year 2024): large listed companies, credit institutions and insurance companies with >500 employees (NFRD companies).
• From 2026 (for financial year 2025): all other large companies that meet 2 of 3 criteria:
o Total assets > €20 million
o Net turnover > €40 million
o More than 250 employees
• From 2027 (for financial year 2026): listed SMEs (opt-out possible until 2028).
• From 2029 (for financial year 2028): companies from third countries with >€150 million turnover in the EU and at least one subsidiary or branch.
EU Directive 2022/2464 (“Omnibus Directive”) is the legislative package that reforms the previous CSR Directive (2014/95/EU) and introduces the CSRD. At the same time, the Accounting Directive and the Statutory Audit Directive are also being amended.
• CSRD = the law that sets out the reporting obligation.
• ESRS = binding European Sustainability Reporting Standards that specify what must be reported.
• ESG = the topic areas Environment, Social, Governance that are covered in terms of content.
Mandatory content under ESRS:
• Business model in the sustainability context
• Analysis of material topics (double materiality)
• Strategy, targets and measures
• Governance and responsibilities
• Key performance indicators (KPIs) on environment, social and corporate governance
Double materiality ensures that companies transparently present both their impacts on the environment and society and the risks and opportunities for their own business. It combines two perspectives of the materiality analysis:
- Inside-out (impact materiality): What impact does the company have on the environment, climate and society?
- Outside-in (financial materiality): What impact do sustainability topics (e.g. climate change, supply chain risks, energy prices) have on the company’s financial position and future viability?
Only the topics that are classified as material in one or both perspectives must be reported in the sustainability report in accordance with the CSRD.
Yes. From the introduction of the CSRD, an audit requirement applies:
• By independent auditors (e.g. statutory auditors)
• Currently with “limited assurance” (limited audit)
• Stricter audit expected later (reasonable assurance)
Directly: only from 2027 for listed SMEs.
Indirectly: already now, as large companies ask their suppliers for ESG data. Those who are prepared secure competitive advantages.
1. Gap analysis: Where do we stand compared to CSRD requirements?
2. Project plan: milestones, responsibilities, timeline.
3. Organisation: clarify responsibilities within the company.
No – well-implemented sustainability management offers clear advantages:
• Better access to capital (banks & investors pay attention to ESG)
• Better risk management (more resilient)
• Cost reduction through energy & resource efficiency
• Strengthening the brand & employer attractiveness