How can my company prepare for CSRD compliance?
CSRD reporting will hold unique challenges to every business, but there is a general six-step process companies can follow:
Discovery: Determine your specific disclosure requirements and build the capacity to complete them.
Materiality analysis: Conduct a double materiality assessment to identify relevant sustainability topics.
Assign responsibility: Identify stakeholders and map out roles for the reporting process.
Data collection: Gather required data points from across your organization.
Generate disclosures: Process the data, complete calculations, and prepare your report.
Ongoing management: Use insights from reporting to drive sustainability improvements.
Consider partnering with sustainability reporting experts to guide you through this process and ensure compliance.