Strategic Focus: CSRD And ESG Reporting Readiness
23 Feb, 2024
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Executive Summary
This report provides an overview of key ESG disclosure regulations in major global economies that are effective from 2024 onwards – and, more importantly, outlines steps firms can take to prepare for these regulations. The adoption of the European Sustainability Reporting Standards (ESRS) is a milestone in sustainability reporting; other countries are following suit, to maintain pace with regulation and ensure alignment across standards, particularly those of the International Sustainability Standards Board (ISSB). Critically, firms are not alone in their endeavours to satisfy compliance requirements. The offerings provided by software and services providers support the full life cycle of reporting requirements, from strategy, data collection and target-setting, through to governance, report publication and assurance.
ESG and CSRD reporting requirements for 2024
Key regulatory highlights from prominent global disclosure requirements
Interoperability and harmonization between standards
Engaging support to drive readiness
How software and services can accelerate reporting and deliver progress
Key regulatory highlights from prominent global disclosure requirements
Interoperability and harmonization between standards
Engaging support to drive readiness
How software and services can accelerate reporting and deliver progress
Figure 1. Phased implementation of the CSRD
Figure 2. Comparing disclosure requirements
Figure 3. Defining the levels of assurance
Figure 4. Checklist for mandatory ESG reporting
Figure 2. Comparing disclosure requirements
Figure 3. Defining the levels of assurance
Figure 4. Checklist for mandatory ESG reporting
Task Force on Climate-related Financial Disclosures (TCFD), CDP, China Securities Regulatory Commission (CSRS), European Financial Reporting Advisory Group (EFRAG), Climate Disclosure Standards Board, Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB), G&A Institute, Australia Treasury, European Commission, Shenzhen Stock Exchange, International Auditing and Assurance Standards Board (IAASB), International Organization of Securities Commissions (IOSCO), IFRS Foundation, Turkey Public Oversight, Sustainability Accounting Standards Board (SASB), Securities and Exchange Board of India (SEBI), Shanghai Stock Exchange, Accounting and Auditing Standards Authority, US Securities and Exchange Commission (SEC), Beijing Stock Exchange
About the Authors
Guy Lewis
Industry Analyst
Guy is an Industry Analyst in the Verdantix ESG & Sustainability practice. He currently leads research on circular economy software and services and supports research acro…
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a…
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