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"CSRD Implementation for Dummies" is the ultimate guide for any company navigating the complex landscape of ESG regulations. Decode the labyrinth of ESG laws and acronyms, understand the depth and significance of CSRD, and see how the osapiens HUB ensures compliance with ease. Packed with cheat sheets, top-ten lists, expert tips, and valuable links, this book helps you turn sustainability reporting and ESG into competitive advantages that increase your long-term profitability.
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Learn more about CSRD
Why osapiens for CSRD
1
Holistic
- Comprehensive CSRD service with personalized support
- All-in-one platform for CSRD, CCF, CSDDD and more
- Audit-ready (KPMG partnership) with Q&A on-demand service
2
Simple to use
- AI-powered for maximum time savings
- With pre-built templates from IRO libraries and more
- Automated with data collection workflows
3
Efficient
- Very low cost due to an extremely fair 'all-in' SaaS model
- Minimized internal effort thanks to best practices from over 1,500 customers
- Reduced costs for auditors thanks to extensive content
Core elements of our solution for CSRD
To meet the requirements of the CSRD, several processes are necessary. The osapiens HUB for CSRD supports you at every step, from a blank sheet of paper to the completed sustainability report. With the osapiens solution, you can easily identify IROs in the Double Materiality Analysis (DMA).
IROs (Impacts, Risks, and Opportunities) represent aspects of the company that can have negative or positive impacts on the environment or pose risks or opportunities for improving sustainability. For example, a high water or energy consumption would be a negative impact, while supporting a conservation project would be a positive impact. From IRO creation and evaluation in the Double Materiality Analysis to data collection in reporting and XBRL tagging of the finished report, the osapiens solution has you fully covered.
Kickstart with a full suite of IRO templates
Benefit from our IRO library, which includes over 300 IRO templates as a foundation for your Double Materiality Analysis and evaluate your relevant IROs using the structured framework. The calculation of scores and classification into material or non-material is then automated. The methodology validated by auditors ensures that you establish a solid foundation for audit-proof reporting.
Double Materiality Assessment
Don’t start from a blank slate
Evaluate financial risks and opportunities, as well as positive and negative Impacts, from an inside-out and outside-in perspective. Draw on a compliantly designed IRO-library to ensure you lay the foundation for a strategy and report that will stand up to scrutiny.
Data Collection
One-click data availability
CSRD reporting requires information from different departments, locations or subsidiaries. To reduce the complexity of this task, the osapiens HUB provides the ability to automatically request and consolidate quantitative data from responsible stakeholders at defined intervals. In addition, the osapiens HUB for CSRD can be linked to other internal databases to minimize the need for additional data entry.
Reporting
Audit-ready from the start
The disclosure of your sustainability information according to the CSRD is currently subject to limited and in the future to reasonable assurance. With our solution, the osapiens HUB for CSRD, you can achieve this assurance not only through an internal four-eyes principle, but also through audit validation within the tool. Our software is designed to ensure that your information is documented and provided in compliance with audit requirements. Take your sustainability reporting to the next level.
ESG Controlling
Set and track goals
To maximize the value of your data and track your targets, the osapiens HUB for CSRD allows you to compare your DMAs (Double Materiality Analyses) and reports over the years, monitor goals, measure KPIs and meet your CSRD reporting obligations in the most optimal way.
Benefits of our osapiens HUB for CSRD solution
osapiens HUB for CSRD enables companies to easily assess IROs using predefined or custom templates. All material Impacts, Opportunities and Risks are assessed, visualized and immediately linked within the reporting, resulting in an intuitive disclosure of all relevant requirements. A key component of our solution is the easy-accessible data consolidation. This enables you to obtain all the figures required with just a few clicks, minimizing manual effort.
All information at a glance
With the osapiens HUB you have all important information at your fingertips. From double materiality explanations to application requirements, phase-in information, a simplified version of the legal text and much more, you'll find everything you need for comprehensive sustainability reporting on the platform.
End-to-end Compliance
Our solution has been developed in collaboration with strong partners to provide you with maximum audit security from DMA to final report.
Automated workflows
Our solution simplifies complex tasks through automated workflows to increase efficiency and reduce the likelihood of errors.
Leverage existing data
The osapiens HUB covers multiple ESG regulations and can integrate data required for CSRD from other osapiens solutions such as Corporate Carbon Footprint (CCF) or the German Supply Chain Act (LkSG).
IRO and PAT libraries
Use our IRO and PAT libraries as a basis for your sustainability reporting. They offer pre-defined shortlists and guidelines tailored to CSRD requirements, ensuring a sustainable data foundation that covers relevant impacts, risks and opportunities, and ensures compliance with current and future regulations.
Content Framework
The osapiens tool provides you with an intuitive framework that guides you through all steps and a structured guide for all disclosure requirements.
Corporate Sustainability in Europe
As part of the 'Green Deal,' the EU has implemented measures to promote respect for human rights, protect the environment, and establish sustainable corporate governance as the European standard. A key focus is on transparency regarding corporate sustainability aspects, which is where the CSRD comes in.
The EU Directive on Corporate Sustainability Reporting
The CSRD is a directive from the European Commission aimed at improving sustainability reporting standards for companies within the European Union (EU). Through the CSRD reporting obligation, the growing demand for transparent and reliable information about companies' performance in environmental, social, and governance (ESG) areas will be addressed. It replaces the Non-Financial Reporting Directive (NFRD) in effect since 2014.
Requirements for companies
- Mandatory inclusion in the annual report
- Electronic reporting in ESEF format
- Use of obligatory reporting standards (ESRS)
Who is Affected by the CSRD?
Currently, all large companies that were already required to comply with the NFRD are affected:
- 500+ employees
- Publicly listed
Starting January 2025, large companies that meet two of the following three criteria will be affected:
- 250+ employees
- Annual turnover of €20+ million
- Net revenue of €40+ million
The scope of this directive will be gradually extended over the coming years. Ultimately, this expansion will result in a reporting obligation for approximately 50,000 companies across the EU, including around 15,000 in Germany.
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Free CSRD whitepaper
Unlock the power of sustainability reporting with our CSRD whitepaper. Dive into key insights, actionable steps, and essential tools to elevate your ESG reporting strategy. Download now to lead the charge in driving sustainable business practices.
