Sustainability Reporting under CSRD

Sustainability Transformation Framework

Achieving successful and practical sustainability reporting with phiyond

An increasing number of stakeholders, including customers, NGOs, and investment firms, are showing growing interest in companies' sustainability metrics. New regulations, such as the European Corporate Sustainability Reporting Directive (CSRD), require companies to disclose comprehensive information about their sustainability management, ESG goals, and metrics through the European Sustainability Reporting Standards (ESRS). Although sustainability reporting can be challenging, it presents new business opportunities for many companies.

phiyond helps companies meet CSRD reporting requirements and professionally and credibly communicate the associated opportunities both internally and externally. This includes reporting according to the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy, the European Supply Chain Directive (CSDDD), and the German Supply Chain Due Diligence Act (LkSG). Additionally, phiyond offers training and internal change management to engage all employees and ensure that strategies and visions are lived out and goals are continuously reviewed.

Practical Sustainability Reporting

The demands for sustainability reporting are higher than ever. To best support companies in managing complex reporting obligations, we use a practical, modular process tailored to your specific needs:

CSRD-Readiness Check: Gap analysis of existing reporting within your company against legal requirements and development of an implementation plan.
Double Materiality Analysis: Identification and assessment of impacts, risks, and opportunities (IROs).
Defining a Sustainability Strategy: Development of a framework for implementing the CSRD and unlocking new opportunities through the transformation of your business model.
Data Collection and Analysis: Establishing a basis for sustainability reporting and strategy based on required ESG Key Performance Indicators (KPIs), aligned with ESRS KPIs and based on the materiality analysis.
Governance: Implementing appropriate corporate processes and defining responsibilities.
ESG Reporting: Creating a credible sustainability report in accordance with ESG regulations (e.g., CSRD-ESRS).

phiyond’s ESG reporting service covers all the essential steps for a professional sustainability report. Through our partnerships with auditors, we can also facilitate external auditing and ensure a legally compliant report (according to CSRD-ESRS and other reporting frameworks).

Gaining a clearer understanding of the CSRD

Gain an initial practical understanding of the European Sustainability Reporting Standards (ESRS) with our CSRD support. To assist companies in navigating the CSRD requirements, phiyond regularly offers webinars focused on the practical application of the directive. These sessions aim to provide a brief overview of the standards and help businesses orient themselves regarding sustainability reporting requirements. Additionally, we invite speakers with expertise in specific standards to offer valuable practical insights.

Furthermore, as part of our CSRD support, we have developed fact sheets on each standard (ESRS) to provide an initial practical understanding of the CSRD.

CSRD Practice Guide: Double Materiality Analysis

Our contribution on the HAUFE Sustainability Platform guides you through the process of double materiality analysis and illustrates how companies can benefit from it. From identifying relevant topics to integrating them into the business strategy, the double materiality analysis offers valuable insights and supports companies in achieving their sustainability goals.