CSRD & ESRS
Non-financial reporting in accordance with CSRD
COMING SOON ...
The CSRD is a European directive that aims to improve the disclosure of sustainability-related information by companies. It extends the scope of the previous NFRD and aims to ensure detailed and comparable information on environmental, social and governance (ESG) aspects. The first companies will have to disclose in accordance with the CSRD from 1 January 2025. By 2028, the group of addressees in the EU is expected to expand to over 50,000 companies. From 2029, non-EU companies with a significant presence in the EU will also be subject to CSRD reporting requirements.
Climcycle simplifies the process by largely automating the regulatory requirements. In addition to the double materiality analysis, this also affects the completion of the specific requirements per ESRS sub-category.
Idea
Materiality analysis made easy!
Our CSRD & ESRS module follows the "Who? What? Where? -approach" and helps customers fulfil the disclosure requirements of CSRD & ESRS with an intuitive platform.
The specific requirements of the ESRS categories are then filled in automatically wherever possible. Users are provided with an interface to efficiently add qualitative information.
Input & Output
The input data can either be uploaded as Excel or loaded directly into Climcycle via API from various databases.
All results can be analysed directly on the Climcycle platform or downloaded as an Excel file. It is also possible to connect to internal and external data systems. All data can also be saved and historicised directly in the Climcycle cloud environment.
Methodology
Climcycle combines input data with external data sources to calculate the relevant risks and opportunities. All data sources used are selected on the basis of various criteria such as relevance, coverage and differentiation in order to fulfil the ESRS standard.
Climcycle offers the greatest possible flexibility in adapting the threshold values to the respective client. Users can decide for themselves which data is used, which assumptions and weights are used for the calculation, and how the final results are compiled. This enables a company-specific assessment in which the user can prioritise the risks and opportunities under consideration.
Coverage
The combination of different
data sources enables coverage of all countries in the world and all industries (at NACE Code level). The industry classification according to the NACE code ensures simple and standardised data entry by the financial institutions on the one hand and provides clearly differentiated coverage of all industries on the other. In addition, Climcycle also provides access to individual company data.
Use Case
Automated execution of the double materiality analysis
The CSRD & ESRS module is used in the first step to carry out the so-called double materiality analysis. This involves calculating an inside-out and an outside-in perspective on the basis of quantitative data.
In the second step, the relevant disclosure requirements are pre-filled as far as possible automatically by Climcycle and then supplemented selectively by means of an interactive questionnaire.
