Starting in 2025, businesses that meet certain criteria will need to align with the Corporate Sustainability Reporting Directive (CSRD), based on their 2024 fiscal operations.
In a recent post by Greenomy, the company provided an outline of three easy ways firms can generate their CSRD Report.
Moreover, from 2026 to 2028, non-listed large enterprises and SMEs will also have to jump on board. The gravity of the CSRD’s reporting requirements makes it essential for companies to begin laying the groundwork as early as this year.
The CSRD calls for large companies to follow the 12 European Sustainability Reporting Standards (ESRS). This framework is a compilation of 2 cross-cutting standards and 10 topical standards, covering over 1,200 data points. Addressing this intricate web of rules, Greenomy has introduced a CSRD module specifically tailored for Non-Financial Companies (NFC). This module aims to simplify the reporting process, enabling NFCs to navigate and conform to the CSRD’s elaborate standards effortlessly.
What sets Greenomy’s offering apart is its digitised Company Portal, which presents the 12 ESRS in an easy-to-follow manner. Backed by a well-thought-out flow, additional proprietary tips, and guidance from dedicated Sustainability Experts, the portal makes understanding the CSRD process more straightforward than ever.
Promoting a collaborative work environment, the Greenomy CSRD module enables team members to harness their individual strengths efficiently. By assigning specific disclosures to the most qualified individuals, the module streamlines the reporting process and ensures a coordinated, accountable approach.
The task of reporting over a thousand Environmental, Social, and Governance (ESG) data points under the CSRD can be daunting. However, Greenomy’s comprehensive solution eases this by providing a roadmap through a data gap assessment. This helps businesses identify the data needed for accurate reporting beforehand, thus making the data collection process smoother.
Further, Greenomy offers custom solutions for constructing your specialised ESG data lake. It simplifies data importation by facilitating seamless integration with your existing ERP systems, thanks to its support of more than 100 connectors and a team of seasoned ESG Data Experts.
In summary, Greenomy’s solutions are a boon for organisations looking to tackle the rigorous CSRD compliance. The platform not only identifies the 1,200-plus data points required for reporting but also automates data collection, thereby easing the overall reporting burden.
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