The Corporate Sustainability Reporting Directive (CSRD) is transforming how companies across Europe approach sustainability reporting. As the successor to the Non-Financial Reporting Directive (NFRD), the CSRD introduces stricter and more detailed requirements, expanding the scope to include many more businesses—particularly small and medium-sized enterprises (SMEs). With the directive now demanding comprehensive and transparent disclosures on environmental, social, and governance (ESG) practices, the pressure is on for companies to comply.
At Soros Consulting, our expert consultants are ready to guide your business through these new challenges. Whether you’re new to sustainability reporting or looking to upgrade your current processes, we have the expertise to help you meet CSRD requirements efficiently and effectively.
What’s New with CSRD?
The CSRD brings several significant changes compared to its predecessor:
- Broader Applicability:
While the NFRD focused mainly on large, listed companies, the CSRD now includes all large companies as well as listed SMEs. This expansion means that many businesses, particularly in sectors previously unaffected, will now need to produce regular sustainability reports. - Standardized Reporting Framework:
The CSRD establishes more consistent and detailed reporting standards, ensuring that companies provide comprehensive data on their ESG impacts. This will allow stakeholders to compare sustainability performance across industries. - Increased Transparency:
Companies are now required to disclose their sustainability risks and how they address them. This includes everything from climate impact and resource efficiency to social responsibility and governance practices. - Third-Party Audits:
Unlike the NFRD, the CSRD requires sustainability reports to undergo independent audits, ensuring the accuracy and reliability of the data provided.
How Soros Consulting Can Help
At Soros Consulting, our team of experienced consultants specializes in sustainability and corporate governance, offering tailored solutions to meet your company’s specific needs. Here’s how we can support your compliance with CSRD:
- Comprehensive Assessments: We’ll conduct a thorough analysis of your current sustainability practices and identify areas where improvements are needed to meet CSRD standards.
- Tailored Reporting Solutions: Our consultants will help you design and implement standardized reporting processes, ensuring that all necessary data is captured accurately and efficiently.
- Guidance on ESG Strategy: We provide expert advice on how to align your business strategy with ESG goals, not only to comply with regulations but to enhance your company’s long-term sustainability performance.
- Audit Preparation and Support: With CSRD’s requirement for third-party audits, we’ll help you prepare for external reviews by ensuring your reports are accurate, transparent, and in line with best practices.
Why Choose Soros Consulting?
Our consultants bring years of experience in navigating complex regulatory landscapes, with a deep understanding of sustainability reporting, corporate governance, and compliance. We pride ourselves on delivering practical, cost-effective solutions that help businesses thrive while meeting regulatory demands.
Don’t wait for the compliance deadline to approach. Partner with Soros Consulting today and ensure that your business is ready for the new era of corporate sustainability reporting.