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Sustainability Report
Based on the CSRD.

The CSRD requires companies to report comprehensively on sustainability.
Our consultants give you a practical explanation of all CSRD obligations. They offer you a clear step-by-step plan so that the sustainability report you publish meets the requirements of the CSRD.

If you wish, we can prepare the sustainability report for you or help you concretize your policy plans. Précon cooperates with the accountancy world, thus we can guarantee that our advice and results meet the requirements of the accountant.

What can we help our clients with?

  • Explanation of CSRD obligations
  • Step-by-step plan
  • Tool for analysis and assessment of sustainability issues
  • Assistance in retrieving all required information and data
  • Writing the sustainability report
  • Drafting policy plans
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Our approach.

Précon has drawn up a roadmap for the CSRD, setting out a clear direction and strategy on a timeline. This roadmap is customized in consultation with you, depending on your needs and the state of your organization.

In most cases, we start with a series of workshops on the "dual materiality analysis and assessment," which includes all internal and external stakeholders. The result of the workshops is a list of material issues, which form the basis for the sustainability report.

In consultation with you, we help you gather the necessary information, write the sustainability report and translate it into your policy.

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Related trainings.

Frequently asked questions.

What is the purpose of the CSRD?

As a follow-up to the Non-Financial Reporting Directive (NFRD), the EU adopted the Corporate Sustainability Reporting Directive in 2022, including the associated European Sustainability Reporting Standards (ESRS).

The CSRD provides for companies to provide information on their company's impacts, risks and opportunities with respect to so-called ESG (Environmental, Social, Governance) themes through the publication of a sustainability report.

The aim of the CSRD is to obtain transparency and easily comparable information from companies on their sustainability strategies, targets and performance. This information provides insight to investors and thus, it is thought, boosts sustainable investments.

What exactly should my company report on?

The European Sustainability Reporting Standards (ESRS) contain, in part, general reporting requirements that every company must report on. In addition, there are specific thematic reporting requirements, which only apply if they have been assessed as "material" to a company.

The general reporting requirements cover, for example, the company's governance structure, strategy and business model in relation to sustainability. The thematic standards deal with the various Environmental, Social and Governance topics.

How do I make sure the auditor stays involved in sustainability reporting?

Ensure proper ("auditable") reporting of the various (process) steps. And discuss these regularly with the accountant. In this way, you ensure that the auditor is well informed and that he or she has and maintains confidence in the entire process.

Is my company covered by the CSRD?

There are a number of criteria a company must meet to be covered by the CSRD:

  • Large publicly traded companies with > 500 employees, with already a reporting requirement under NFRD
  • Companies that meet at least 2 of the following 3 criteria:
    • 50 million in sales
    • 25 million on balance sheet
    • 250 employees
  • Listed SMEs
  • Non-EU companies with sales > 150 million in the EU
When should my company have a sustainability report?

Different timings apply to various companies. The timeline given in the CSRD is as follows:

Company Timeline
Large publicly traded companies with > 500 employees,
with already a reporting requirement under NFRD
Fiscal year 2024, reporting in 2025
Companies that meet at least 2 of the following 3 criteria:

  • 50 million in sales
  • 25 million on balance sheet
  • 250 employees
Fiscal year 2025, reporting in 2026
Listed SMEs Fiscal year 2026, reporting in 2027
Non-EU companies with sales > 150 million in the EU Fiscal year 2028, reporting in 2029
What's in the European Sustainability Reporting Standards (ESRS)?

The ESRS standards are an elaboration of the CSRD and provide content requirements for the information in the sustainability report. A detailed explanation can be found in our white paper on CSRD.

What is meant by the dual materiality analysis?

Dual materiality is looking at the business from two perspectives:

  • the impact on the company (the financial materiality) and
  • the impact OF the company (the impact materiality).

What constitutes "material issues" for a company is determined by what is known as dual materiality analysis. Companies must do a risk analysis and impact assessment, which identifies the 'most material' risks and impacts.

What is the auditor's role in sustainability reporting?

The introduction of the CSRD has also expanded the role of auditors. They are responsible not only for auditing financial statements, but also for sustainability reports.

For now, so-called "limited assurance" applies. This means that the audit of the report is done in a way that the risks have been reduced to a reasonable level. It is important to note that the auditor not only assesses the outcome of the report, but also the process. For example, the auditor will assess whether the steps of dual materiality have been completed properly and whether the results are valid. It will also assess where the information included in the report was collected and the quality of the data. It is therefore useful to actively inform the auditor about the status of the report in the interim.

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