In our latest webinar, GIST Impact CEO Pavan Sukhdev and KPMG International Global Managing Director David Greenall discussed the topic of “CSRD: Data-Driven Quantitative Insights for Effective Compliance and Strategic Development“.

The wide-ranging discussion delivered crucial insights across key topics, including:

Why objective quantitative and scientific data is a key requirement

• The evolution and progress of data and methodologies since the late 1990s.

• The key distinction between stakeholder inputs and quantitative data.

• The definition of quantitative and scientific data.

The challenges facing companies when including quantitative data in their CSRD process 

• The need to contextualise data for accurate interpretation, as per EFRAG’s latest ‘State of Play (Q2 2024).

• The strained capacity within reporting companies and the resulting reliance on 3rd party support.

• The need to balance compliance with value creation.

The opportunity of impact valuation as a time-saving, industry-leading approach to assessing impact materiality

• The development of impact valuation alongside the GRI impact materiality framework over many years.

• The usefulness of impact valuation in offering objective, location-specific insights that ensure data is context-specific and science-driven.

• The transformative power of data and technology in operationalising the efficient calculation and valuation of impact.

The alignment between impact valuation and EFRAG guidance

• The consideration of scale, scope and irremediable character in both EFRAG and impact valuation methodologies.

• The interdependence of scale, scope and irremediable character.

• The importance of considering not only direct but also indirect impacts.