The new EU law on sustainability reporting, CSRD (Corporate Sustainability Reporting Directive) will come into force from 2024. This means that the current Non-financial Reporting Directive (NFRD) will be replaced and with that the sustainability reporting requirements will fundamentally change and become significantly more comprehensive. This training goes through what CSRD means, which companies are covered, how it affects your company and how to report according to the new legal requirements.
CSRD (Corporate Sustainability Reporting Directive) is an EU directive that aims to improve companies’ sustainability reporting, drive increased transparency and comparability and includes more companies under the mandatory requirements for sustainability reporting.
The CSRD also includes a new mandatory standard for sustainability reporting, ESRS (European Sustainability Reporting Standards), which is currently being developed. It describes in detail what is to be reported, what principles are to be used to produce the information and how it is to be published.
The course covers:
- What CSRD means
- What changes CSRD entails for sustainability reporting
- What requirements will CSRD will place on companies that must report sustainability in accordance with the Swedish Annual Accounts Act?
- Who is covered by the CSRD
- What the new mandatory accounting standard ESRS means and how you report according to it
- What needs to be included in the report and how the information is to be produced
- How to perform a double materiality analysis according to CSRD / ESRS
- The link between CSRD and other sustainability reporting frameworks, such as GRI and SASB
The course is directed at:
Everyone that needs to understand CSRD and the new requirements it puts on company’s sustainability reporting.
The goal of this course:
The goal is that you as a participant should have the following after completing the training:
- A good understanding of CSRD and the changes the directive entails
- A good understanding of the new standards for sustainability reporting ESRS
- The knowledge needed to report in accordance with the new requirements in CSRD
- An understanding of which steps your organisation needs to take to complete your report
- An understanding of how CSRD relates to other sustainability reporting frameworks
The training will mainly be conducted in Swedish.
This course is organized by Bonnier Aktuell Hållbarhet in partnership with Enact. For more, check out Enact’s all upcoming trainings and events here!
09.00 Welcome – introduction to the course and course participants
09.30 Introduction to CSRD
- Purpose of the EU Taxonomy
- Relation to other similiar other frameworks and reporting requirements, such as GRI, SASB, TCFD, GHG and EU Taxonomy
10.45 CSRD:s basic principles
- Who is covered by the CSRD
- The reporting requirements included in the CSRD
- Double materiality – how the business affects sustainability topics and how sustainability topics affect the business
- Audit requirements
11.00 ESRS – new obligatory standard for sustainability reporting
The common standard for sustainability reporting, ESRS, provides clear requirements for how companies must sustainability report in accordance with the CSRD. Here we will go through ESRS and the three categories that the standard consists of:
- Overall standards – general information and disclosures
- Subject-specific standards – for example disclosures on biodiversity, emissions, working conditions and human rights
- Sector-specific standards – these have not yet been established and will come later
13.00 Double materiality according to CSRD/ESRS
The materiality analysis is becoming more important in CSRD. One significant change is the focus on double materiality, i.e how the company affects sustainability topics and how sustainability topics affects the company. Here we will go through how to do a materiality analysis according to CSRD / ESRS.
14.30 To report in accordance with ESRS subject-specific standards
Deep dive into how to report the subject-specific standards in accordance with the requirements in the CSRD and the ESRS standard.
- Structure of the standard
- Selection of information based on materiality analysis
- Qualitative vs. quantitative information
- Requirements for reporting and reporting structure
15.30 To report in accordance with ESRS subject-specific standards cnt.
Here you will start an action plan on what needs to be done to be able to report in accordance with CSRD/ESRS.
- Gap analysis of the company’s current report
- Processes and support systems
- Other tools
16.30 Summary of the day
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Cecilia is a consultant and project manager at Enact, based in Örebro, Sweden. She works with Advisory services in general, and…
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Johanna Gulliksen is a consultant and project manager at Enact, based in Stockholm, Sweden. Johanna works with Advisory services, supporting clients…
10 900 SEK excl VAT