Corporate Sustainability across Europe
With the ‘Green Deal’, the EU has launched a set of measures focused on respecting human rights and protecting the environment, with the aim of making sustainable corporate governance the European standard. At the heart of these measures is the creation of transparency by regulating the supply chains and value chains of European companies.
The Corporate Sustainability Directive (CSRD)
The CSRD is a proposed directive by the European Commission aimed at enhancing corporate sustainability reporting standards within the European Union (EU).
The directive aims to address the growing demand for companies to disclose transparent and reliable information regarding their environmental, social, and governance (ESG) performance and is replacing the Non-Financial Reporting Directive (NFRD), which has been in force since 2014.
Who is affected by the CSRD?
All companies (including non-capital market-oriented companies) that meet two of the following three criteria:
- 250 employees
- 50 million EUR turnover
- 25 million EUR balance sheet total
As well as, publicly listed SME that meet two of the following three criteria:
- 10 employees
- 900,000 EUR turnover
- 450,000 EUR balance sheet total
This results in a reporting obligation for approx. 50,000 companies in the EU and approx. 15,000 companies in Germany.
Requirements
- Mandatory inclusion in the management report
- Digital reporting in accordance with ESEF format
- Application of the mandatory reporting standards (ESRS)
2024
Large, listed companies which previously have been affected by the NFRD must disclose ESG information in accordance with the CSRD guidelines. Conditions:
– More than 500 employees
– Listed on the stock exchange
2026
All publicly listed small and medium-sized enterprises are required to report. Condition: Two of the following three must be exceeded:
– more than 10 employees
– balance sheet total of more than 450,000 euros
– turnover of more than 900,000 euros
2024
2025
2026
2028
Large companies are required to report. Condition: two of the following three must be exceeded:
– more than 250 employees on an annual average
– with a balance sheet total of more than 25 million euros
– turnover of more than 50 million euros
2028
Non-European companies are required to report. Condition:
– a net turnover of more than 150 million euros in the EU and at least one subsidiary or branch there
Features of our solution
To publish a sustainability statement, companies must first carry out a double materiality assessment in order to understand which Impacts, Risks and Opportunities (IROs) are material.
With osapiens HUB for CSRD, companies can identify and analyse potential and actual Impacts (Impact Materiality) as well as Opportunities and Risks (Financial Materiality) in a quick and easy way. Moreover, the automated materiality evaluation provides immediate insight into whether an IRO is material or not. The process allows organisations to involve and engage stakeholders, establish responsibilities and deadlines, and have a comprehensive overview of the assessment progress.
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
Data availability with one click
ESG reporting requires information from multiple departments and stakeholders. Our solution automates stakeholder engagement and data integration and can additionally be linked to other internal databases to minimize additional data entry.
Reporting
Be audit ready from day one
When you disclose your sustainability information as part of the CSRD, it needs to be audited with limited assurance now and with reasonable assurance in the future. As part of our solution, you can already achieve assurance through audit validation within the tool. Our software is designed to ensure that your information is documented and reported in accordance with audit requirements.
ESG Controlling
Set and track your targets
The general requirements of the CSRD call for a strategy to address the issues identified as material. Our solution can help link Policies, Actions and Targets to IROs and disclosure requirements in a pre-defined way, and to consolidate KPI data into the tool in an easy-to-use manner.
Benefits of our 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.
End-to-end Compliance
Our solution has been developed with specialist lawyers to ensure the highest level of compliance for you.
Automated workflows
Our solution simplifies complex tasks with automated workflows to increase efficiency and accuracy.
Leverage existing data
The osapiens HUB to covers multiple ESG regulations, consolidates the data required for the CSRD from other osapiens solutions.
IRO Library & DMA
IRO library is available to all users: Easy creation of own IROs via templates and Automated materiality calculation.
Content and KPI Management
Structured guidance through all disclosure requirements and intuitive KPI data consolidation options are presented in our tool.
Holistic ESG approach
Leverage information from different osapiens HUB solutions and use it to comply with other ESG regulations.
Learn more about CSRD
Establish seamless CSRD compliance with osapiens HUB for CSRD.
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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.
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The osapiens mission
We help companies grow with corporate sustainability. With our unique software solutions, we are revolutionising supply chains to help companies not only achieve economic success, but also make human rights and environmentally sustainable and responsible business practices the global standard. We are committed to laying the foundations for an ESG-compliant future.
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