Sustainability reporting
Reporting beyond reporting
Reporting at the right level
From pure compliance to business development
The EU Directive on Corporate Sustainability Reporting (CSRD) establishes a new standard for non-financial disclosures and assurance of sustainability information. Boards of directors will bear a greater, more explicit responsibility for these disclosures, making management teams’ roles in the approval and oversight of sustainability policies, goals, targets, and metrics more visible. Consequently, a broader range of business areas must support the reporting process.
While these stricter requirements may pose compliance challenges for some, they also offer an opportunity for companies to go beyond standard sustainability reporting and communication. At Enact, our extensive experience in sustainability reporting enables us to tailor solutions that align with your company’s needs.
Sustainability reporting can be a key business catalyst
creating a valuable opportunity for growth an innovation.
Our Sustainability
reporting services
Reporting roadmap
Preparing a sustainability report in line with CSRD does not have to be overwhelming. Our reporting roadmap addresses key questions, such as:
With a reporting roadmap, we tackle questions such as:
Which entity should report?
What is a viable level of ambition?
Who should be involved in the process?
How do we plan and organise the work?
How do we engage the broader organisation?
What data is necessary, and how should it be collected?
Double materiality assessment
A double materiality assessment identifies your organisation’s impact on the environment, people and society, and how sustainability-related issues may affect your business.
We guide you through this process in accordance with the European Sustainability Reporting Standards (ESRS), including stakeholder engagement, impact and risk assessments, and selection and validation of material issues. We can also assist you in ensuring that the identified issues are managed if this is needed.
Identifying and closing the gaps
Following a double materiality analysis, we help pinpoint your company’s reporting requirements under the European Sustainability reporting standards (ESRS).
This involves mapping mandatory and material disclosure needs, identifying gaps in policies,
actions, targets, and metrics, and comparing current practices with ESRS
requirements. We then assist in addressing these gaps, tailored to your level
of ambition.
Capacity building and engagement
CSRD and ESRS introduce a more comprehensive approach to sustainability, affecting all areas of your organisation. Engaging more stakeholders, from the board of directors and executive management to finance and site-specific teams, is essential.
We specialise in fostering engagement, raising awareness, building competence, co-developing solutions, and piloting new tools. Our experience spans small groups to large, multinational audiences, both in-person and online.
Beyond reporting
While compliance with the EU Directive on Corporate Sustainability Reporting (CSRD) is mandatory for EU and EES countries, it should be embraced as an opportunity.
Equipping your organization with a solid strategy and integrating processes from the start prepares the company for future legislation, such as the EU Corporate Sustainability Due Diligence Directive (CSDDD), and provides a long-lasting competitive advantage. For more information, check out our Sustainability due diligence services.
Contact:
+46 8 522 03 450
info@enact.se
CSRD and ESRS
in a nutshell
The Corporate Sustainability Reporting Directive (CSRD) sets legal requirements for all member states within the European Economic Area (EEA) – all EU members states along with Iceland, Lichtenstein and Norway. It introduces ambitious non-financial reporting standards for larger companies, and for most companies listed on European markets, including SMEs. Non-EEA companies with turnover exceeding EUR 150 million, with subsidiaries or branches in the EEA, are also covered. Approximately 50,000 companies will need to comply. The first reports will be published in 2025, covering the fiscal year 2024.
The European Sustainability Reporting Standards (ESRS) provide a unified set of disclosure requirements for companies covered by the CSRD. They establish the minimum standards for reporting on significant sustainability issues, so called material impacts, risks, and opportunities. Companies must report on cross-cutting standards applicable to all, as well as on specific environmental, social, and governance issues based on their double materiality analysis.