CSRD & ESRS – how to report according to the new EU directive

2 days starting

Sep
24

09:00 - 17:00

The EU’s new directive on sustainability reporting, CSRD (Corporate Sustainability Reporting Directive), means that the requirements for how sustainability should be reported have fundamentally changed and are now significantly more extensive than before. This two-day training aims to give you good knowledge and know-how of CSRD and make you well prepared to report according to the new mandatory European Sustainability Reporting Standards (ESRS). Among other things, you will learn what the directive implicates for your company, what needs to be reported, how it needs to be reported and how to carry out a double materiality assessment.

The course covers:

  1. The basic principles of CSRD and implementation into Swedish law
  • Who is covered by the CSRD according to Swedish law
  • What needs to be included in the report
  • Demands for audit review
  • The link to other frameworks and reporting standards, such as the GRI, the EU Taxonomy, OECD guidelines for due diligence, SASB, TCFD, and the GHG protocol.
  1. ESRS – the new obligatory standard for sustainability reporting
  • What the mandatory reporting standard means for the reporting company
  • Structure, content and how to report according to it general requirements
  1. Double materiality assessment according to CSRD/ESRS
  • The increased significance of the materiality assessment and what the principle of double materiality entails, i.e. the effect a company has on the environment and people, as well as how sustainability matters affect the company.
  • How to conduct a double materiality assessment
  • The role of stakeholders in the double materiality assessment
  1. General disclosures about the company and its sustainability reporting
  • General information that the company needs to provide about its operations, its governance, its stakeholders, its material topics, how these were assessed and other general information about the company and its sustainability report according to ESRS 2
  • Additional requirements for information about the company and its sustainability report as described in the topical standards
  1. Reporting on the material topics
  • The requirement to provide information on material sustainability matters
  • Focus on the governance of the material topics
  • Basic information to be provided on the material topics, so-called minimum disclosure requirements, according to ESRS 2
  • Requirements for information on the material topics according to the ten topical standards
  • Ways to determine which information should be provided based on the double materiality assessment
  1. Your own plan to report according to CSRD/ESRS
  • How to translate knowledge from the training into an action plan for what needs to be done in your organisation in order to report according to the CSRD/ESRS

The course is directed at:

Everyone who needs to understand CSRD and ESRS and the implications of these new requirements for companies’ sustainability reporting, for example those who will lead or play a central role in the work to report according to CSRD/ESRS.

The goal of this course:

Upon completing training, participants have gained:

  • Good knowledge about the CSRD and the changes that the directive implicates
  • Good knowledge about the ESRS – the new mandatory sustainability reporting standards
  • Sufficient knowledge necessary to report in line with the CSRD
  • An understanding of the necessary actions needed for your organisation to report in line with the ESRS
  • An understanding of how the CSRD relates to other frameworks and reporting standards

The course will mainly be conducted in Swedish.


Venue

Stockholm


Agenda

Day 1

09.00 Welcome and introduction of course, trainers and participants

09.20 Introduction to the CSRD

  • The purpose of and background to the CSRD
  • The link to other frameworks and reporting standards, such as the Swedish ÅRL, the EU taxonomy, OECD guidelines for due diligence, SASB, TCFD, and the GHG protocol

09.50 The basic principles of the CSRD, and links to the Swedish ÅRL

  • Who is covered by the CSRD according to the Swedish ÅRL
  • Which reporting requirements are included in the CSRD
  • Demands for audit review

 

10.20 Coffee break

10.40 ESRS – the new mandatory reporting standards

The new standards for sustainability reporting, the ESRS, are about how to report in line with the CSRD. In this section, we go through the ESRS structure, general principles and introduce the different types of standards.

  • Cross-cutting standards – general requirements (ESRS 1) and general disclosures (ESRS 2)
  • Topical standards (E1 – 5, S 1 – 4 och G1)  – for example for biodiversity, emissions, working conditions and human rights

11.20 General requirements for reporting, and how the work should be structured
We go through ESRS 1 and the general requirements for how to report according to the ESRS

12.00 Lunch 

13.00 Double materiality assessment according to CSRD/ESRS

The materiality analysis has a central role in the CSRD with the purpose to identify which sustainability matters a company needs to report on. According to the CSRD, it is required to work with double materiality, that means, to analyse both how a company affects its surroundings, and how its surroundings affect the company. In this section, we go through how to carry out a double materiality assessment in line with CSRD/ESRS.

15.00 Fika break 

15.20 Double materiality assessment (cont.)

 

16.00 Management of material topics

The reporting of how the company manages the material topics is central. We go through the basic principles for this.

 

16.30 Summary and discussion

 

17.00 End of day 1

Day 2 

09.00 Introduction of the agenda for today

We summarize yesterday’s training and introduce the agenda for today.

09.30 General disclosures about the company and its reporting

We go through the mandatory information about the company and its sustainability reporting according to ESRS 2 that needs to be reported.

10.10 Coffee break 

10.30 Exercise: General disclosures about the company and its reporting

 

11.00 Reporting on the material topics – minimum disclosure requirements

– Krav på upplysningar om policyer, mål, aktiviteter och mätetal.
– Övning då du får gå in i ESRS 2 och se vad de behöver rapportera om i de identifierade väsentliga frågorna

 

– Disclosure requirements about policies, targets, actions and metrics.

– Exercise where you get to dive into ESRS 2 and see what needs to be reported on in relation to the minimum disclosure requirements and the identified material topics

12.00 Lunch

13.00 Reporting on the material topics – the topical standards

 

The ESRS topical standards describe how the company needs to report on the management of the material topics. It concerns, for example, which policy documents are in place, if targets have been set and if so, what these are, which actions have been implemented and are planned, and what is being measured. Here we delve into how reporting according to the topical standards should be done.

 

  • The structure of the topical standards
  • Selection of disclosures based on the double materiality assessment
  • Requirements concerning the reporting and reporting structure

 

  • Mandatory requirements and phased-in requirements
  • Which reporting requirements are mandatory/material and which deviations can be made
  • Company-specific information (so-called entity-specific disclosures), when you have to produce such disclosures and how to do it in that case
  • Provisions regarding the phasing in of ESRS that facilitate reporting in the first years

14.15 Exercise: Reporting on the material topics

The participants work in groups and jointly go into the topical standards and to find relevant disclosures based on the identified material topics.

15.15 Fika break 

15.45 Own action plan

The work of preparing for reporting according to the CSRD and ESRS usually happens in several stages. Often the process can be used to simultaneously develop the company’s sustainability work. Here, as a participant, you can begin an action plan for what needs to be done in order for your company to be able to report according to the CSRD and ESRS.

16.30 Summary

We summarize the training, answer any remaining questions and carry out a short evaluation.

17.00 End of day 2

We strive to constantly improve the training. Based on evaluations and feedback, the program may therefore be slightly adjusted. However, all essential elements described here will be included.


Trainers

Johanna Gulliksen

Mobile: +46 760975491

johanna.gulliksen@enact.se

Johanna Gulliksen is a consultant and project manager at Enact, based in Stockholm, Sweden. Johanna works with Advisory services, supporting clients…
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Cost

SEK 19 900 excl. VAT


Contact

information@bonnierakademi.se