Considerations for companies’ sustainability reporting under the CSRD
Preparers of sustainability reports are adapting to new legal and regulatory requirements under the EU Corporate Sustainability Reporting Directive (CSRD), also taking account of additional guidance issued at EU level and by some Member State bodies. During these first years of application, the ECG believes that companies should reflect on how to make users of their sustainability statements aware of any company-specific interpretations or uncertainties encountered in the preparation of their reports. This will help address the public interest by clarifying key judgments and providing additional context to the reporting.
To support this, the ECG has published a paper on considerations for companies' sustainability reporting under the CSRD, outlining potential situations that companies may wish to consider in the first years of CSRD reporting. This may be valuable for both preparers of sustainability reports and assurance providers. Where companies choose to include statements reflecting the points highlighted in the paper, assurance providers may highlight these in their limited assurance report, using an emphasis of matter paragraph.