“It has been very valuable to work with Position Green while conducting our double materiality assessment as it has enabled us to integrate the outcome into the platform in a simple manner.”
– Tilda Sundbaum, Controller at Bravida
Get started with ESRS reporting
Cut through the complexities of the new Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) reporting requirements with our software solution and add-on sustainability services.
All you need to reach ESRS compliance in one software solution
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 in-house sustainability experts, translated into features and built-in best practices to support you on your ESRS reporting journey. Contact us today to get a free, non-binding demonstration of our ESRS software solution.
Our ESRS software features
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.
Gather both quantitative and qualitative data from multiple sources using our quality-assured reporting templates for all parts of the ESRS.
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.
Discover our add-on sustainability services
Ensure compliance with full support from our seasoned advisors when conducting your double materiality assessment or gap analysis.
Train your entire organisation with instructor-led training or curated e-learning focusing on the CSRD and ESRS, covering topics such as compliance and disclosure requirements, as well as reporting areas and practicalities.
Explore how we can support your ESRS efforts
Get in touch to learn more about how our tailored solutions can be lifesavers on your journey towards compliance.
What are the ESRS?
The EU’s new European Sustainability Reporting Standards (ESRS) are a central element of the Corporate Sustainability Reporting Directive (CSRD) and entail major changes that create a new paradigm for sustainability reporting. 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.
Who is affected by the ESRS?
All companies covered by the CSRD (around 50 000 companies) will sooner or later be required to align their sustainability reports according to the ESRS. The CSRD covers all listed companies on regulated markets within the EU, including small and medium-sized enterprises but excluding micro-enterprises. It also applies to all large (listed or not) companies if they meet at least two of the following three criteria:
- Balance sheet total of more than EUR 20m
- Net turnover of more than EUR 40m
- The average number of employees during the financial year exceeding 250
Additionally, the ESRS apply to non-EU undertakings with turnover above EUR 150 million in the EU if they have at least one subsidiary or branch in the EU exceeding the above thresholds.
Timeline for the ESRS implementation
There will be a gradual implementation of the ESRS, depending on the size of the company:
- June 2023: EU Commission to adopt ESRS as delegated acts
- 1 January 2024: Undertakings already subject to the Non-Financial Reporting Directive (reporting in 2025 on 2024 data)
- 1 January 2025: Large undertakings not currently subject to the Non-Financial Reporting Directive (reporting in 2026 on 2025 data)
- 1 January 2026: Listed small and medium-sized enterprises, (reporting in 2027 on 2026 data).
- 1 January 2028: Non-EU companies covered by CSRD, (reporting in 2029 on 2028 data)
A guide to the CSRD and ESRS
What are the CSRD and ESRS, which reporting areas and key requirements apply, and how can your company get started and ensure compliance? In this guide, we will walk you through all the essential information relating to the CSRD and ESRS.
