Antwort How do I prepare for CSRD? Weitere Antworten – What needs to be reported in CSRD

How do I prepare for CSRD?
Companies are to report on:

  • Environmental protection.
  • Social responsibility and treatment of employees.
  • Respect for human rights.
  • Anti-corruption and bribery.
  • Diversity on company boards (in terms of age, gender, educational and professional background)

If a business is guilty of non-compliance with the CSRD, it can expect administrative sanctions and three possible penalties: a public denunciation; an order to change conduct; and financial punishment.Under the proposed value chain sustainability reporting, companies would be required to report scope 3 emissions. These indirect emissions result from the company's upstream and downstream activities.

What are the penalties for CSRD : There are three possible penalties: First, a public statement about the breach. Second, an order on the name of the entity requiring to change the conduct. Third, financial sanctions.

How do I comply with CSRD

However, there are ten fundamental steps that apply to most organisations embarking on their CSRD compliance journey.

  1. Scope the Application of the CSRD.
  2. Consider the Level of Disaggregation of Material Information.
  3. Perform the Double Materiality Assessment.
  4. Familiarise Yourself with the ESRS.

What is the timeline for CSRD : What are the timelines for implementation CSRD will impact entities in a phased approach: Large companies already subject to the NFRD will be impacted first: from 2024, with their first CSRD-compliant annual report published in 2025.

The CSRD Complements the SFDR

The CSRD is relevant for the SFDR because it provides part of the information to be disclosed for the SFDR report. In particular, the CSRD requires companies to disclose their greenhouse gas emissions, water usage, and waste production.

“A whole bunch of financial institutions and non-financial institutions fall within the scope of the CSRD. Firms that have subsidiaries all over the world are now having to think how they get CSRD-compliant data and information to enable European subsidiaries to compile reports.”

Does CSRD require GHG protocol

Additionally, the CSRD aligns with the Task Force on Climate-Related Financial Disclosures (TCFD) for climate-related sustainability information and requires comprehensive environmental impact reporting, including greenhouse gas emissions, in line with the Greenhouse Gas (GHG) Protocol.In the case of NFRD implementation by member states, fines in Portugal ranged from €50 to €1,500, while in Germany companies are fined up to either €10M, 5% of the annual turnover, or twice the amount of the profits gained/losses avoided because of the breach.Various surveys, however, suggest that companies are still underprepared for CSRD reporting and to have their sustainability data assured. And it is not just disclosures such as value chain reporting and Scope 3, which are generally more difficult, that have companies spooked.

The CSRD extends the range of companies that must report on sustainability. It applies to: Large EU companies*; Most businesses with operations or securities in Europe, including small and medium-sized enterprises (SMEs) (exemptions apply);

Is CSRD based on TCFD : CSRD & TCFD

CSRD is, we could say, inspired by the TCFD framework, covering your company's oversight on sustainability issues and risk identification but the bulk of the report is much more action-oriented, focusing on risk management and mitigation and opportunity initiatives.

Does CSRD apply to non-EU companies : For non-EU companies or groups whose securities are admitted to trading on an EU-regulated market, application of the CSRD will occur progressively, starting from the 2024 financial year for those with (i) more than 500 employees and (ii) with more than €25m balance sheet total or more than €50m net turnover, with a …

How do I write a CSRD report

How to write an ESRS report according to EU legislation CSRD

  1. Define the scope and time horizon of your report.
  2. Conduct a double materiality assessment.
  3. Complete a data gap analysis.
  4. Collect data on material topics.
  5. Prepare reporting on indicators.
  6. Structure your report according to ESRS requirements.


CSRD compliance is being phased in from 2024 through 2029, and is based primarily on NFRD legacy or company size. Compliance is mandated for organizations (or 'entities') already mandated to comply with the NFRD. This includes all organizations listed in an EU-regulated market with 500 or more employees.CSRD mandates a forward-thinking approach, compelling businesses to assess how climate change might affect their operations through different climate scenarios.

What is the process of CSR reporting : A CSR (Corporate Social Responsibility) Reporting Framework refers to a structured guideline or set of standards that organizations use to measure, disclose, and communicate their social, environmental, and governance impacts.