EC releases FAQs to streamline corporate sustainability reporting
The European Commission has recently published a new set of frequently asked questions (FAQs) designed to assist companies and stakeholders, including auditors, in navigating the sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).
These FAQs address crucial topics such as the scope of the CSRD, guidance on which European Sustainability Reporting Standards (ESRS) to apply, and advice on handling estimates when value chain information is incomplete. Additionally, they tackle key auditing and assurance considerations, providing much-needed clarity.
The Commission highlights that these FAQs were developed in response to feedback from companies and are aimed at reducing the administrative burden associated with sustainability reporting. The goal is to make compliance more cost-effective, while enhancing the usability and comparability of reported sustainability information.
The CSRD introduces comprehensive reporting requirements for companies within its scope, focusing on the risks and opportunities related to social and environmental issues, as well as the impact of their activities on people and the environment. The first wave of companies will be required to report under these new rules in 2025, based on their 2024 financial data.
How can Steward Redqueen help?
As European sustainability regulations continue to evolve, financial and non-financial companies face growing pressure to accurately measure and report their sustainability performance and impact. Partnering with an experienced advisor can streamline this complex process, allowing you to focus on what matters most: your core activities and strategic discussions.
At Steward Redqueen, we reject the notion of a one-size-fits-all approach. Instead, we tailor our services to your company’s unique characteristics, designing a process that is both focused and inclusive. We ensure the involvement of key stakeholders and facilitate essential discussions, enabling you to make informed decisions that align with your strategic objectives.
Whether you need support in specific areas or throughout the entire sustainability reporting process, we are here to help.
For more information on how we can support you with sustainability regulations, explore our CSRD brochure and SFDR brochure.
For more information, please get in touch with:
Danijela Piljic
Manager Policy & Regulations
