Strategic Focus: CSRD And ESG Reporting Readiness

Report

Corporate Sustainability Leaders

Guy Lewis

Kim Knickle

23 Feb, 2024

Access this research

Access all Corporate Sustainability Leaders content with a strategic subscription or buy this single report

Need help or have a question about this report? Contact us for assistance

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.

Table of contents

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

Table of figures

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

Organisations mentioned

Accounting and Auditing Standards Authority, Australia Treasury, Beijing Stock Exchange, CDP, China Securities Regulatory Commission (CSRS), Climate Disclosure Standards Board, European Commission, European Financial Reporting Advisory Group (EFRAG), G&A Institute, Global Reporting Initiative (GRI), IFRS Foundation, International Auditing and Assurance Standards Board (IAASB), International Organization of Securities Commissions (IOSCO), International Sustainability Standards Board (ISSB), Securities and Exchange Board of India (SEBI), Shanghai Stock Exchange, Shenzhen Stock Exchange, Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), Turkey Public Oversight, US Securities and Exchange Commission (SEC)

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...

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...

View Profile