Corporate Sustainability Reporting Directive

What is the CSRD, when does it come into effect, how do you prepare?

Luckily, CG Business Consulting is here to rescue you from the abyss of confusion and paperwork with our trusty consulting company!

We’re the masters of making complex legislation feel like a stroll through a whimsical maze, so grab your compass and leave your stress at the door because, with us by your side, even the most convoluted laws will seem as simple following a recipe to bake your favourite cake.

The aim of the CSRD

CSRD now requires all large and listed companies to disclose information on what they see as the risks and opportunities arising from social and environmental issues, and on the impact of their activities on people and the environment.

CSRD is to increase the amount of data available on, and drive awareness of corporate climate and environmental impact. The directive increases the number of European businesses which fall under the reporting umbrella of the commission’s Green Deal.

Seen as additional catalyst for the EU’s ambitious plans to drive member states towards sustainability, the CSRD will now be mandatory across a large portion of Irish businesses, from medium enterprise to large global corporation,

What is the CSRD

The Corporate Sustainability Reporting Directive is a mandate, adopted by the EU in April 2023, compelling businesses across the EU to comply with its sustainability reporting requirements (NFRD), in alignment with the commitments made by member states under the European Green Deal.

To clear the pathway to Net Zero through encouraging greater corporate accountability and transparency, the CSRD transforms ESG reporting by enforcing one dozen ESRSs – European Sustainability Reporting Standards – currently at Draft stage – which will mandate companies operating within the EU and/or which have subsidiaries operating within the EU, to give full disclosure on E – Environmental, S – Social and G – Governance and related risk-management aspects of their business.

Which businesses must comply with the CSRD?

Although smaller businesses are exempted from complying with CSRD, technically speaking it is still possible for those participating in a supply or value chain to fall under the scope of the directive.

CG Business Consulting can help businesses to meet their obligations under the CSRD.

With our experience of and expertise, and as the first indigenous Irish ISO consultancy to establish a 360 Sustainability Division offering full spectrum sustainability services, CGBC consultants have what it takes to get your business CSRD ready with minimal fuss, clear direction and expert guidance.

Similar to any ISO MS implementation, CGBC will work closely with you to ensure organisation-wide awareness and adoption of the requirements of CSRD, to achieve compliance, optimise performance, identify risks and opportunities and drive continuous improvement going forward.

• How will CSRD impact your business? Current reporting & sustainability strategy review
• Risk Analysis and Strategy Development using metrics-based Performance Related Planning
• Organisational Maturity – Analysing people, policies, procedures & pathways using data modelling
• ESG Reporting Model – design and develop a custom reporting model based on objectives and KPIs
• Implementation Across the Organisation – change management planning, awareness training & roll-out

Start your CSRD Journey today...

CGBCs Sustainability Division will guide you through the strategic journey to CSRD.

Starting with an audit of your current reporting and sustainability strategy, all the way through to the implementation of a new model.

Let our expertise in Sustainability be your guide.