CSRD Reporting
Preparing for CSRD is complex. VOX Global will simplify it, helping you meet the technical requirements and manage the organizational change required for success.
We know this is uncharted territory for many companies. We are already working in real-time with major global brands on their CSRD compliance programs and can use that experience to bolster your efforts.
Our award-winning team has decades of experience in sustainability reporting and works side by side with each client to provide strategic guidance to elevate their company’s brand while meeting stakeholder expectations and reporting requirements.
We work to understand each client’s current program status and desired state to build a customized approach. Tailoring our work to each company’s unique culture, we develop the operating model, ESG governance, training and internal communications needed to comply with CSRD. We also focus on the education of executive leaders and subject matter experts.
Complying with CSRD is much more than calculating new ESG data or aligning to a new reporting framework.
CSRD implements a comprehensive framework of reporting requirements and disclosure standards, called the European Sustainability Reporting Standards (ESRS). Currently, the ESRS spans 12 topics, 80+ disclosures and up to 1,100+ data points.
ESRS includes:
12
topics
80+
disclosures
1,100+
data points
Most of this information is subject to double materiality. This means that companies must disclose information that helps stakeholders understand how sustainability topics financially impact the company and how the company impacts society and the environment. Additionally, the regulation requires companies to report information in their annual reports and obtain third-party assurance.
To comply with the new law and the required audit, companies will need to elevate their ESG data management practices to be on par with financial data practices. This will require cross-functional, enterprise-wide coordination, new data collection methods and enhanced data fidelity.
VOX Global brings it all together, closing the gaps and bringing in solutions that engage your existing partners and processes while identifying new resources needed to ensure success.
Through our five-phased process, we will steer you through scoping, evaluation, program building, disclosure readiness and reporting.