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Cut through the complexities of the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) reporting requirements with our software solution and sustainability services.

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US-based companies with significant business activities in the EU will need to publish sustainability information that encompasses their entire operations. 

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Your all-in-one solution for ESRS compliance

Clear the path to ESRS success with our versatile software solution. Optimise and simplify your ESG reporting efforts to pivot as quickly as regulators and guarantee compliance.

Position Green’s software is infused with the knowledge of our sustainability experts, translated into features and built-in best practices to support you at every step. Contact us today to get a free, non-binding demonstration of our ESRS software solution. 

Double materiality assessment management

Begin your ESRS reporting journey by identifying and documenting material matters for your company directly in our software. Leverage the collaboration function and built-in scoring system to ensure continuous improvement.

Assured disclosure templates

Gather both quantitative and qualitative data from multiple sources using our quality-assured reporting templates for all parts of the ESRS.

Digitally tagged sustainability statement – integrated and exportable

Create your sustainability statement and use our export features to consolidate it with your management report. Discover how we can support you with data tagging and software integrations to streamline your report building and work process.

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The CSRD and ESRS at a glance

The Corporate Sustainability Reporting Directive (CSRD) is an EU standard intended to make corporate sustainability reporting more standardized 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 specify 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.

The CSRD will broaden the scope of sustainability reporting obligations, and the ESRS will apply to around 50,000 companies operating within the EU.

Companies will have to start reporting under ESRS according to the following timeline:  

  • Companies previously subject to the Non-Financial Reporting Directive (NFRD) (large listed companies, large banks and large insurance undertakings exceeding 500 employees), as well as large non-EU listed companies with more than 500 employees: Reporting in 2025 on 2024 data.
  • Other large companies including non-EU listed companies: Reporting in 2026 on 2025 data.
  • Listed SMEs including non-EU listed SMEs: Reporting in 2027 on 2026 data. However, listed SMEs can opt out of the reporting requirements for a further two years. The deadline for a listed SME is to report in 2029 on 2028 data.
  • Additionally, non-EU companies with turnover above EUR 150 m per year in the EU and that have in the EU either a branch with turnover exceeding EUR 40 m or a subsidiary that is a large company or a listed SME will have to report on the sustainability impacts at the group level of that non-EU company: Reporting in 2029 on 2028 data.

Double materiality is a core element of the ESRS, where the concept is broken down into impact materiality and financial materiality. In addition to the mandatory disclosures specified in the ESRS, companies are expected to report on all topics considered material in line with their double materiality assessment. If climate change is deemed as non-material, an explanation for this must be provided. For any other topical standards that are not deemed material, a brief explanation may be provided.

In identifying risks, impacts and opportunities that are either impact and/or financially material, companies must assess the critical dependencies and impacts in the value chain. The double materiality assessment is not only a compliance requirement under the CSRD/ESRS but a valuable exercise, as the outcomes from the assessment can be instrumental in formulating new sustainability strategies and action plans.