Nearly 50,000 companies are preparing for the new CSRD regulations in the EU, a landmark that ushers in a new era for mandatory sustainability reporting.

There are 82 disclosure requirements¹, 831 individual parameters, and 252 of which require some degree of quantitative metric².

Companies could face significant friction preparing for CSRD, even those companies already at the vanguard of voluntary sustainability disclosure (e.g. GRI).

The first step to prepare for CSRD is the materiality assessment, which represents the biggest challenge and opportunity.  

Materiality is a potentially cumbersome process requiring significant data gathering – but companies shouldn’t despair, as this can be streamlined with support from GIST Impact to become an opportunity to create more value from the CSRD process. 

1) Streamline the materiality assessment with modern technology and data

2) Reduce the overall CSRD workloads and minimise risks

The materiality assessment identifies where public disclosure will be required and where data gaps should be addressed. As with all strategic analysis, rigour at the start reduces pain and workload at the end, while also highlighting disclosure risks early to give time to remedy.

3) Enhance the ROI on your sustainability investments

The materiality assessment brings a new regulatory-driven lens through which to view company sustainability strategy, and in so doing uncovers opportunities to improve sustainability investments as projects are held up against the broader and deeper purview brought by CSRD and double materiality.