The Corporate Sustainability Reporting Directive (CSRD) has ushered in a new era of corporate transparency and accountability. If you are in a sustainability management role, it’s likely you are being tasked with ensuring your organisation is not only compliant but also leveraging this directive to drive positive change. However, the complexity and breadth of the CSRD and the associated disclosures against the ESRS (European Sustainability Reporting Standards) can be overwhelming. This is where the expertise of a trusted consultancy like Morelli Consulting is key.

 

Understanding the CSRD: A complex challenge

 

The CSRD mandates that large and publicly listed companies report on their environmental and social impacts in a standardised and comparable way. This includes disclosing information on climate change, human rights, biodiversity, and other key sustainability factors. The directive aims to enhance investor decision-making and promote sustainable business practices.

However, navigating the intricacies of the CSRD can be a daunting task. It requires a deep understanding of the regulatory landscape, the ability to identify and assess material risks and opportunities, and the capacity to develop robust reporting practices.

 

Is your organisation in scope?

 

CSRD reporting is estimated to apply to over 50,000 companies. It is European Union (EU) legislation but applies to both EU and Non-EU companies. See below for the criteria for both EU and Non-EU companies.

When do you need to comply with CSRD?

 

There is phasing in of the CSRD reporting requirements. It is important to know when your organisation is due to report and the year of information/data required to report. For example, those required to report in 2026, will be publishing 2025 data. See below for the specifics of phasing in of the CSRD reporting requirements.

 

Morelli Consulting: Your trusted CSRD partner

 

Morelli Consulting offers a comprehensive range of services designed to help organisations meet the challenges of the CSRD. With a team of experienced professionals in reporting, non-financial data management and sustainability governance, we provide tailored solutions that address the specific needs of each client.

 

Here’s how Morelli Consulting can support your organisation in achieving CSRD compliance and enable you to continue to deliver against your sustainability commitments:

 

• Double Materiality Assessment: A key requirement of the Directive is understanding your organisation’s most significant impacts on the environment and society.  In addition, you need to assess the financial materiality of sustainability issues that may have a financial effect on your company.  Morelli will help you identify the most significant environmental and social issues relevant to your business using a double materiality assessment. This information will be used to inform your CSRD reporting and sustainability strategy.

 

• Gap Analysis: We conduct a thorough assessment of your organisation’s current practices against the requirements of the CSRD and the multiple disclosure requirements of the ESRS including mandatory data points and those which are subject to the outcome of the double materiality assessment. Morelli Consulting will identify any gaps and develop your roadmap for compliance and driving action.

 

• Data Collection and Analysis: Our team of experts will assist you in gathering and analysing the data needed to prepare your CSRD report. If needed, we will also help you to develop systems and robust governance for ongoing data collection and management.

 

• CSRD Readiness and Action plan: We will work with you to understand the level of readiness for reporting against the CSRD requirements. Including the development a clear action plan for reporting now and into the future, that aligns with the CSRD’s requirements and your organisation’s sustainability strategy.

 

• Stakeholder Engagement: Morelli Consulting can help you engage with internal stakeholders, to guide them on the CSRD reporting journey; and external stakeholders including investors, customers and suppliers, to ensure that your CSRD reporting reflects their material issues and expectations.

 

 

By partnering with Morelli Consulting, you can benefit from our long-standing experience in navigating global reporting frameworks. Our services can help you:

 

• Manage compliance risks: Ensure that your organisation is fully compliant with the CSRD’s requirements.

 

• Enhance your sustainability strategy: Demonstrate your commitment to environmental and social responsibility.

 

• Improve stakeholder relations: Provide internal and external stakeholders with the information they need to make informed decisions.

 

• Drive positive change: Use the CSRD as an opportunity to implement sustainable business practices.

 

CSRD presents a significant challenge for organisations of all sizes. We can help you navigate this complex landscape and ensure that your organisation is well-positioned to thrive in the future.

 

Please get in touch if you would like to discuss CSRD further or are looking for support on your sustainability journey.