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CSRD ESRS Berichtserstattung

CSRD / ESG reporting

What you need to know.

Die Corporate Sustainability Reporting Directive (CSRD)

The Corporate Sustainability Reporting Directive (CSRD) is an EU legal instrument that modernizes and strengthens corporate social and environmental reporting. Information from the European Union can be found here

Scope: Large EU companies with more than 500 employees and listed SMEs must report on sustainability from 2025 for financial years beginning on or after January 1, 2024.

Objectives: The CSRD is intended to ensure that investors and other stakeholders have access to information in order to assess the impact of companies on people and the environment. In addition, financial risks and opportunities in connection with sustainability should be better assessed.

Reporting standards: Companies must report in accordance with European Sustainability Reporting Standards (ESRS). These standards are tailored to EU policies and contribute to international standardization initiatives.

First application: The new rules apply for the first time for the 2024 financial year, with reports published in 2025.
CSRD ESRS ESG Berichtserstattung Software Scopewire

General information: ESG (Environmental, Social, and Governance) and CSRD (Corporate Sustainability Reporting Directive) are closely linked, but they have different focuses.

 

Environment, Social and Governance
(ESG)

Overall, ESG criteria are the basis for sustainability reporting in accordance with CSRD. Companies must fulfill both ESG and CSRD requirements in order to present their sustainability performance transparently.

Environmental (E): Assesses how sustainably a company acts with regard to environmental issues, e.g. energy consumption, emissions and resource management. Social (S): Considers social aspects such as working conditions, human rights, diversity and public welfare. Governance (G): Analyzes the quality of corporate governance, transparency and ethical standards.

 
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Frequently asked questions:

Here you will find all the important information about CSRD and ESG

Who has to report according to CSRD?

Large EU companies with more than 500 employees and listed SMEs must report on sustainability from 2025 for financial years beginning on or after January 1, 2024.
What is the content of sustainability reporting?
Sustainability reporting is specified by European standards, the European Sustainability Reporting Standards (ESRS). Companies must carry out a materiality analysis and report on significant impacts on people, the environment and the company.
What role does double materiality play?
Dual materiality refers to reporting both on the impact of the company's activities on people and the environment and on the impact of sustainability aspects on the company.
Connection between ESG and company value?
Studies show that companies with strong ESG practices perform better in the long term.
ESG can have a positive impact on company value, reputation and relationships with stakeholders.
What is ESG reporting?

In addition to the CSRD, there are also other initiatives for ESG reporting, such as the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). These standards help companies to document their sustainability performance transparently.