The Corporate Sustainability Reporting Directive (CSRD) is an EU directive announced in 2021 to improve corporate transparency, data accuracy, and comparability of their sustainability performance and their associated sustainability risks for investors and stakeholders.
CSRD replaces the Non-Financial Reporting Directive (NFRD) and seeks to address its shortcomings by increasing the number of companies in-scope from around 12,000 to 50,000, requiring third party assurance, ensuring a machine-readable format, and requiring additional disclosures covering a broader range of sustainability topics.
Additionally, CSRD was developed to align with other frameworks and standards, such as the EU Taxonomy and TCFD, creating harmonised reporting.
The process of identifying, measuring, analysing and disclosing sustainability data can be a time-consuming practice. Businesses who have not yet understood their carbon emissions, including that of their suppliers should avoid delay and take action to ensure they are compliant with CSRD ahead of the deadline.
edenseven is a sustainability consultancy with an award-winning track record helping businesses design and deliver data-driven sustainability strategies. cero.earth from edenseven is cloud-based carbon accounting and management platform. Designed to support organisations of all sizes, cero.earth and expert analysts from edenseven will simplify reporting and disclosure, ensuring your business is compliant with all relevant climate regulations.
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