Envoria’s Post

📣 Together with our partner firesys GmbH, we show you all CSRD requirements and challenges, and how you can meet them with processes and technologies! Last year, the new Corporate Sustainability Reporting Directive (CSRD) came into force. This provides for a dramatic expansion of the circle of users and the report content from 2025. On June 20, Axel Mueller Müller & Tobias Ramolla from firesys and Sven Schubert from Envoria will summarize the challenges that arise from the current reporting and publishing process, including: ✅ Regulatory objectives ✅ Evaluation, collection, and consolidation of required data points ✅ Use of disclosure management software to automate data flow and eliminate manual and error-prone processes ✅ Digital tagging (Word and PDF) of sustainability and financial reports using ESRS or ISSB XBRL taxonomy ✅ Audit and publication of reports in different output formats – Word report, print-ready PDF glossy report, online report Register for the German-speaking webinar: https://lnkd.in/ekTUXKQH #esgreporting #webinar #CSRD

🔍 At the recent 𝗔𝗣𝗟𝗔𝗡𝗘𝗧 𝗦𝘂𝗺𝗺𝗶𝘁 𝟮𝟬𝟮𝟰, Fátima Flores Villalobos, Sustainability Reporting Leader at Let's Move The World, highlighted the importance of conducting a gap analysis for effective CSRD reporting. "𝘠𝘰𝘶 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘢𝘵 𝘵𝘩𝘦 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨 𝘵𝘰 𝘤𝘰𝘯𝘥𝘶𝘤𝘵 𝘢 𝘨𝘢𝘱 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴," Fátima advised. Conducting a gap analysis helps identify what is being done correctly and what needs improvement, especially in terms of data gathering. Investing in the right software or programs can be crucial for long-term data management, ensuring that all necessary information is accurately captured and stored. By conducting a thorough gap analysis, businesses can build a solid foundation for effective CSRD compliance and sustainable reporting practices. ▶️ Enjoy the full panel discussion here: https://lnkd.in/dfiYK4kk 🔔 Stay updated with more insights by subscribing to our ATALKS YouTube channel: https://lnkd.in/d4rP_xsY #CSRDCompliance #GapAnalysis #Sustainability #CorporateResponsibility #DataManagement #APLANETSummit2024

Just when you thought regulations were going to slow down (hint...they never will), let insightsoftware help you navigate the next wave of complexity that organizations will have to deal with. Our customers have this handled. 🔗 Check out the details here: https://lnkd.in/gZBANXME

👀 🎯 𝐄𝐒𝐑𝐒 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠: 𝐇𝐨𝐰 𝐭𝐨 𝐚𝐬𝐬𝐞𝐬𝐬 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐭𝐲 𝐚𝐭 𝐚 𝐃𝐚𝐭𝐚 𝐏𝐨𝐢𝐧𝐭 𝐋𝐞𝐯𝐞𝐥 🎯 👀   If you have already clarified the reporting boundaries, the next essential step is to determine the scope of your report. This means identifying which Disclosure Requirements (#DPs) and Data Points (#DPs) should be included, based on the DMA. EFRAG has provided detailed guidelines on the interlinkages between the sustainability matters in the #DMA with the DRs and DPs. 👇 𝐓𝐡𝐞 𝐢𝐥𝐥𝐮𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐛𝐞𝐥𝐨𝐰 𝐬𝐡𝐨𝐰𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐰𝐨𝐫𝐤𝐬 👇 For more guidance, check out our 𝐮𝐩𝐝𝐚𝐭𝐞𝐝 𝐂𝐒𝐑𝐃 𝐒𝐮𝐩𝐞𝐫 𝐆𝐮𝐢𝐝𝐞. It will guide you through the reporting process step by step. ✅ efficient ✅ compliant ✅ audit-ready   👉👉 Download your #CSRD-Super Guide 👉👉https://lnkd.in/ebyv5hui

𝗠𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘆𝗼𝘂𝗿 𝗖𝗦𝗥𝗗 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝘁𝗮𝗴𝗴𝗲𝗱! The inline eXtensible Business Reporting Language #iXBRL format, an open international standard for digital reporting, has been chosen by EFRAG as the appropriate machine-readable format that is in line with the Corporate Sustainability Reporting Directive (CSRD). In other words, when your organization falls under the scope of the #CSRD, it needs to make sure it’s report is ‘tagged’ using iXBRL. But what does this exactly mean: ▶ Verifying whether your organisation has the right software to create XBRL-documents. Listed companies are already using tagging for their financial reports. ▶ Marking the information in your annual reporting by using a so-called ‘tag’. Which tag to include is listed in the #ESEF taxonomy. This taxonomy provides your organisations with a list of set definitions. ▶ Publishing, next to a paperback or pdf, another format for their reports, such as an IXBRL-document or HTML-document. Why the CSRD ask you to do this? Well, by using these formats, reports can be opened in standard browsers, which improves readability and usability. Besides these labels allow organizations to better gather, analyse and compare information. Do you have any questions on XBRL, the CSRD or reporting? Please visit our website (http://www.2impact.nl ) or send an mail to [email protected].

#news Netherlands takes significant step toward exclusive XBRL filings from 2025 The Netherlands has taken an important step toward requiring all private companies to file their annual accounts with the Chamber of Commerce exclusively in XBRL, starting from the 2025 financial year. The expected mandate comes in the form of an amendment to the Electronic Filing Trade Register Decree. If adopted, the amendment will expand the use of the XBRL Report Package specification in the Netherlands. Report Packages provide a way to wrap together the multiple components of an XBRL report into a single file. In this case they will include the annual report in Inline XBRL format, alongside extension taxonomies and other supporting files such as images or fonts. This new requirement aligns with the broader European CSRD (Corporate Sustainability Reporting Directive) guidelines, which stipulate that ESG information must be included in a digitally tagged management report. Large companies, along with related medium-sized subsidiaries will need to comply with this new mandate once adopted. The expanded SBR (Standard Business Reporting) Agreement System will guide the digital reporting process in the Netherlands, ensuring consistency and compliance with the CSRD. The new requirements are designed to enhance digital reporting, aiming to improve transparency, efficiency, and data quality. #netherlands #xbrl #datareporting #financialdata #filings https://lnkd.in/gdkKGj_A

👉 As part of our series of post on #CSRD, here is our 𝐂𝐒𝐑𝐃 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭! 👩💻 Choosing the 𝐫𝐢𝐠𝐡𝐭 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐨𝐫 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐨𝐧 𝐂𝐒𝐑𝐃 for your company is not an easy task, there are 𝐦𝐚𝐧𝐲 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐨𝐮𝐭 𝐭𝐡𝐞𝐫𝐞 and comparability can get very tough when you do not have a lot of technology knowledge and a clear idea of what you want and need. Moreover, CSRD is not a nice-to-have but a mandatory legal responsibility your company has to adhere to, so it's crucial to get it right. ✔ We have put together a 𝐜𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 to help you 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐲, highlighting 𝟏𝟎 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬 to look out for and consider when selecting a technology partner or software solution for CSRD. 🍀 Very important to first consider your level of maturity on sustainability implementation and also on data and technology integration. If you already have technology for ESG data it would be great if you could link it to the CRSD technology for instance, whereas if you currently have everything on excel files, a tool that enables you to upload and then manage from there all data would be a good upgrade. 🔍 Bottom line, 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐫𝐞 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐯𝐞 (CSRD) and here you have 10 criteria/features to consider when choosing the right technology partner. #CSRD #Sustainability #techforimpact #techradar

📣 UPDATE AVAILABLE! The ACT Generic methodology has now been updated. It was first published in 2021 to assess companies not covered by any sectoral methodologies within the set developed by the ACT initiative. A public consultation was launched on the 19th of June 2023 for 2 weeks and was composed of stakeholders already involved in the methodology development process and ACT users. The methodology needed to be updated, to ensure it remains cutting-edge in its ambition, relevance, and comprehensiveness. You can find out what has changed and view the latest version of the ACT Generic Methodology in the link below👇 https://bit.ly/47rgN4G

Kudos to the Swiss government! 🇨🇭 At Sweep we can see first hand how regulations drive climate action and business transformation. But we also see how increasing reporting requirements add complexity and require resources from already stretched teams. International alignment is key. So is leveraging tooling to reduce the time it takes to report. So there is bandwidth left to actually create change. https://lnkd.in/eQT9_azg #forevercompanies

🌿 Dive into the Future of Sustainability Reporting with the ESRS XBRL Taxonomy 🌱 Is your company within CSRD's scope? Are you ready to comply with the ESRS using the ESRS taxonomy? Embracing the ESRS XBRL Taxonomy propels us towards a future of enhanced transparency and accountability. Are you ready for it? Learn how Visma Connect can validate your sustainability reporting: https://hubs.ly/Q02rR3Cg0 #SustainabilityReporting #ESRS #CSRD