Are you impacted by CSRD? Check with SLR's impact tree

The EU’s Corporate Sustainability Reporting Directive (CSRD) is here, but do you know if your company is impacted, how and when?

Are you impacted by CSRD?

The EU’s CSRD is the latest, and arguably the most seismic, entrant to the already crowded landscape of ESG disclosures.

Seen as central to the EU’s ambition to become the first climate neutral economy, CSRD - which replaces the Non-Financial Reporting Directive - requires companies to publicly report on sustainability impacts, risks and opportunities and publish this in their management report.

What companies disclose in these reports is determined by an assessment of the topics that are material to them (that is, financially material but also where a company’s operations have an environmental and/or social impact).

This is the concept of double materiality, and it is a cornerstone of CSRD.

It could be that you are already aware of CSRD but unsure whether it applies to your business (the scope goes beyond EU-based companies).

In which case, these Impact Trees will provide a better understanding of the ‘if’, ‘when’ and ‘how’.

If you are impacted by CSRD and need help in preparing to report, please get in touch to discuss how we can support you with a Readiness Analysis and ensure your double materiality assessment is in line with CSRD.

We deliver advice and support on a wide range of ESG reporting issues. Please get in touch to see how we can help you.

This article was written by Jamie Macfarlane and David Fatscher