Navigating the CSRD Requirements
The Corporate Sustainability Reporting Directive (CSRD) introduces new and detailed sustainability reporting requirements for companies. As more organizations fall under its scope, it's essential to have a streamlined, efficient process for reporting on your environmental, social, and governance (ESG) activities. This is where KEY ESG comes in—our platform is designed to simplify and support your CSRD reporting efforts.
How KEY ESG Can Help You Report on CSRD
Double Materiality Assessment (DMA) Support:
Conducting a Double Materiality Assessment is a critical step under the CSRD. KEY ESG provides tools that help companies identify and prioritize material topics, both from the impact on the environment and society (impact materiality) and the financial implications of sustainability issues (financial materiality). Our platform guides users through this assessment, ensuring that all relevant ESG issues are identified and reported.
Mapping to European Sustainability Reporting Standards (ESRS):
The CSRD requires compliance with specific European Sustainability Reporting Standards (ESRS). KEY ESG offers pre-mapped templates to ESRS Disclosure Requirements (DRs) based on EFRAG guidance. This mapping ensures that your sustainability reporting aligns with the necessary regulatory standards, providing clarity on which disclosures are required.
Customized Disclosure Requirements:
Our platform allows users to review and select the final disclosure requirements tailored to their specific industry and company size. This customization ensures that the reporting is relevant and meets the CSRD criteria. Additionally, phase-in exemptions are reviewed and applied where applicable, making the reporting process more manageable during the initial years of compliance.
Data Collection and Management:
KEY ESG simplifies the data collection process by providing a centralized platform where users can upload and manage all required ESG data. The platform supports collecting metrics, targets, actions, and policies that align with the selected ESRS disclosures. This ensures that all information is stored securely and is easily accessible for reporting purposes.
Assurance-Ready Reporting:
CSRD requires that reported information be subject to limited assurance. KEY ESG prepares your sustainability data in a structured format, making it easier for independent auditors to review and validate the information. This helps ensure that your company meets the CSRD’s assurance requirements.
Digital Reporting with XBRL Tagging:
To comply with CSRD’s digital reporting requirements, KEY ESG supports XBRL tagging of sustainability reports. This feature ensures that your reports are machine-readable, enabling better transparency and comparability. Our platform works with trusted third-party partners to facilitate XBRL tagging, ensuring compliance with EU standards.
Why Choose KEY ESG for CSRD Reporting?
Efficiency: Our platform streamlines the entire reporting process, from materiality assessments to data collection and final reporting.
Compliance: With pre-mapped ESRS templates and assurance-ready formats, you can be confident in meeting all CSRD requirements.
User-Friendly Interface: KEY ESG’s intuitive platform makes complex reporting tasks simple, allowing your team to focus on improving sustainability performance rather than getting bogged down by paperwork.
Get Started with KEY ESG Today
Don’t let the complexities of CSRD reporting slow you down. Contact the KEY ESG team today to learn how we can support your CSRD compliance. Reach out via our in-app chat function or email us at support@keyesg.com for more information.