With the new EU legislative proposal coming into place, approximately 50,000 companies in the European Union face the challenge of complying with the Corporate Sustainability Reporting Directive (CSRD).

As advisors for management and technologies, we know from exchanges with clients and industry leaders the difficulties, complexities and opportunities that companies face on their CSRD journey to compliance, so we decided to set up our own methodological framework to support the regulatory endeavors.

The common challenges in ESG reporting

Building upon the principles of EU Taxonomy, the European Sustainability Reporting Standards (ESRS), developed with the support of the EFRAG, set the basis and guidelines for complying with the new CSRD. While the European Commission continuously refines these guidelines, the complexity of the reporting remains a significant challenge, as non-financial reporting and ESG data collection is new to many businesses. While some companies already incorporate their sustainability progress into annual or sustainability reports, adhering to standards like GRI, many have yet to embark on their (non-financial) sustainability / ESG reporting journey.

Regardless of their familiarity with the topic, we observe several common challenges that businesses face:

Embark on your CSRD reporting journey with us

As a relatively new topic, our clients need rapidly developed reporting solutions that bring added value. With the knowledge and methodological expertise from our sustainability (non-financial) and financial reporting projects – and our growing CSRD projects – we have set up a bullet-proof CSRD reporting approach to support your reporting journey.

As a leading management and technology consultancy, we are your ideal partner in managing a CSRD program with proficient program management. We drive lasting transformation through comprehensive change management and enhance CSRD reporting by employing advanced data management and tool deployment, ensuring a streamlined process for lasting impact.

We have supported over a dozen clients in addressing their CSRD reporting challenges and opportunities, from identifying their sustainability material topics via a DMA (double materiality assessment), to analyzing data gaps, and redesigning the organizational setup as well as the supporting IT infrastructure. 

Our methodology connects to existing business strategy priorities and uses CSRD as a transformation tool.

It is based on six modular steps that are key for every CSRD reporting project: 

BearingPoint’s modular CSRD advisory framework

Our principles and ways of working differentiate our CSRD approach:

Moreover, with our specialized sustainability Impact and Transformation expertise we support our clients beyond CSRD reporting, with their social and environmental transformations and operationalization of the ESRS pillars, for example: 

  • E1 | Climate Change | with carbon accounting, decarbonization pathways as well as defining a sustainability strategy and roadmap 
  • E4 | Biodiversity & Ecosystems | with biodiversity strategy and footprinting pioneering expertise stemming from I Care by BearingPoint 
  • E5 | Resource Use & Circular Economy | with circularity partnerships strategy, circular business models, LCAs and re-manufacturing 

For more information about our holistic sustainability services and software solutions, please visit our sustainability services page

Let's embark together on your CSRD journey to enable compliance and set the groundwork for a fundamental sustainability transformation. 

Download our CSRD Reporting Methodology

  • CSRD Reporting - From Principles to Practice
    CSRD Reporting - From Principles to Practice 855.1 KB Download

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