The all-in-one solution for CSRD compliance
Cut through the complexities of the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) with software designed by Europe’s most experienced reporting team.
Set your team up for ESRS success with software that gives them everything they need for self-sufficient reporting. Continuously updated by Europe’s leading ESRS reporting team with built-in guidance, expertise, and best practices.
High-Impact ESRS software features
Start by identifying and documenting material matters for your company with our dynamic double materiality assessment (DMA) tool. Use advanced visualisations and filters for granular analysis and better data-driven decisions.
High-Impact ESRS software features
Gather both quantitative and qualitative data using quality-assured reporting templates designed by leading ESRS experts. Save time and resources thanks to automated data mapping between your DMA and your material disclosures.
High-Impact ESRS software features
Create a digitally tagged sustainability statement that’s easily exported and integrated with your management report.
Ensure compliance with full support from our seasoned advisors when conducting your double materiality assessment or gap analysis.
Train your entire organisation with instructor-led training or curated e-learning focusing on the CSRD and ESRS, with insights into disclosure requirements, reporting areas and practicalities.
Discover how Position Green has helped customers take their sustainability work to the next level.
Jørgen Westrum Thorsen
Senior Manager
Kasper Dahl Pedersen
Sustainability Lead
Adrian Westman
Head of Communications & Sustainability
Tilda Sundbaum
Sustainability Controller
Ida Ljungkvist
Group Sustainability Director
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The Corporate Sustainability Reporting Directive (CSRD) is an EU standard intended to make corporate sustainability reporting more standardised and consistent, requiring eligible companies to produce annual sustainability reports. The new European Sustainability Reporting Standards (ESRS) are a central element of the CSRD and specify how and what information and metrics companies must report to comply with the CSRD.
Reporting according to the ESRS is mandatory for all companies covered by the CSRD and must be incorporated in the management report. The reporting standards will also require companies to pay even more attention to traceability and transparency throughout the reporting process due to the limited assurance requirement.
The ESRS have a broader view of materiality than, for example, GRI Standards, and they are based on double materiality from an impact and financial perspective. The double materiality assessment will help companies to understand their impact, risks and opportunities spanning across their upstream and downstream value chains, arising from business relationships, geographical locations and more.
The CSRD will broaden the scope of sustainability reporting obligations, and the ESRS will apply to around 50,000 companies operating within the EU.
Companies will have to start reporting under ESRS according to the following timeline:
– Companies previously subject to the Non-Financial Reporting Directive (NFRD) (large listed companies, large banks and large insurance undertakings exceeding 500 employees), as well as large non-EU listed companies with more than 500 employees: Reporting in 2025 on 2024 data.
– Other large companies including non-EU listed companies: Reporting in 2026 on 2025 data.
– Listed SMEs including non-EU listed SMEs: Reporting in 2027 on 2026 data. However, listed SMEs can opt out of the reporting requirements for a further two years. The deadline for a listed SME is to report in 2029 on 2028 data.
– Additionally, non-EU companies with turnover above EUR 150 m per year in the EU and that have in the EU either a branch with turnover exceeding EUR 40 m or a subsidiary that is a large company or a listed SME will have to report on the sustainability impacts at the group level of that non-EU company: Reporting in 2029 on 2028 data.
Double materiality is a core element of the ESRS, where the concept is broken down into impact materiality and financial materiality. In addition to the mandatory disclosures specified in the ESRS, companies are expected to report on all topics considered material in line with their double materiality assessment. If climate change is deemed as non-material, an explanation for this must be provided. For any other topical standards that are not deemed material, a brief explanation may be provided.
In identifying risks, impacts and opportunities that are either impact and/or financially material, companies must assess the critical dependencies and impacts in the value chain. The double materiality assessment is not only a compliance requirement under the CSRD/ESRS but a valuable exercise, as the outcomes from the assessment can be instrumental in formulating new sustainability strategies and action plans.
