ESG / CSRD — Sustainability Reporting

It depends on the rollout wave and size criteria. The first wave (FY2024 report, published 2025) covers large public-interest entities already subject to NFRD. The second wave (FY2025 report, published 2026) covers other large companies meeting 2 of 3 criteria: over 250 employees, over EUR 50 million turnover, or over EUR 25 million balance sheet total. The training walks through exact classification, including the exemption rules for subsidiaries within corporate groups.

Double materiality is the foundation of CSRD — a company must assess each topic from two perspectives: how its activities affect the environment and society (impact materiality), and how ESG issues financially affect the company (financial materiality). A topic is material if it meets at least one of these criteria. This assessment determines which ESRS standards a company must actually report on — not all 12 topical standards apply to every organization.

The scope depends on the double materiality assessment, but typically includes: greenhouse gas emissions (Scope 1, 2, optionally 3), energy and water consumption, HR data (workforce structure, pay, health and safety), diversity policy, supply chain data, and governance structure. The biggest challenge in the first year is usually the lack of comparable historical data — the training shows how to address these gaps without delaying the report's publication.

Yes — CSRD introduces a mandatory assurance requirement for the sustainability report by a statutory auditor, initially at a limited assurance level, with a planned move to a higher reasonable assurance level in later years. This means ESG data must have documentation quality comparable to financial data — one of the reasons the data collection process must be planned well in advance.