Make your CSRD reporting faster, easier, and audit-proof

The Corporate Sustainability Reporting Directive (CSRD) is an EU standard intended to make corporate sustainability reporting more standardised and consistent, requiring eligible companies to produce annual sustainability reports. The new European Sustainability Reporting Standards (ESRS) are a central element of the CSRD and specifies how and what information and metrics companies must report to comply with the CSRD.

Reporting according to the ESRS is mandatory for all companies covered by the CSRD and must be incorporated in the management report. The reporting standards will also require companies to pay even more attention to traceability and transparency throughout the reporting process due to the limited assurance requirement.

The ESRS have a broader view of materiality than, for example, GRI Standards, and they are based on double materiality from an impact and financial perspective. The double materiality assessment will help companies to understand their impact, risks and opportunities spanning across their upstream and downstream value chains, arising from business relationships, geographical locations and more.

Your company must report under the CSRD if it has more than 1,000 employees and more than €450 million in net turnover. These thresholds come from the Omnibus I Directive (Directive (EU) 2026/470), published on 26 February 2026.

As of October 2026, the timeline is:

– Companies already reporting (former wave 1): they continue to report for financial years 2024–2026. Those below the new thresholds may be exempt for 2025 and 2026, depending on national law.

– Other large companies in scope (former wave 2): first report in 2028, covering financial year 2027.

– Listed SMEs: no longer in scope.

– Non-EU groups with more than €450 million turnover in the EU and an EU subsidiary or branch with more than €200 million turnover: first report in 2029, covering financial year 2028.

Out of scope? Customers, banks and investors may still ask for your sustainability data. See how to report without a CSRD obligation.

Omnibus I narrowed who must report and simplified what they report. It raised the CSRD thresholds and removed listed SMEs from scope. It also limits how much data in-scope companies can request from value-chain partners with up to 1,000 employees. The ESRS are being simplified alongside these changes. If you’re still in scope, financial year 2027 is your first reporting year, so your data collection needs to be in place before it starts.

ESRS covers a wide spectrum of ESG factors, including human rights, labor practices, diversity, environmental impacts, governance, and ethical issues. It is comprehensive by design, addressing issues that go beyond investor needs to meet the expectations of regulators and other societal stakeholders. ISSB also includes governance and social issues, but the ISSB’s primary focus is on climate-related financial disclosures and the impact of sustainability risks on financial outcomes. ISSB standards are designed to help investors assess how sustainability affects the value creation and resilience of a business. By taking a proactive and strategic approach to aligning with both, you can not only meet regulatory demands but also cut out double work, build resilience, foster innovation, and strengthen your market position.