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One-hour free consultation will give you an overview of the biggest changes in regulations and how that will affect common processes and reporting before implementing Microsoft Sustainability Manager.
The Corporate Sustainability Reporting Directive (CSRD) is the new EU legislation requiring all large companies to publish regular reports on their environmental and social impact activities. CSRD applies from the financial year 2023, for publication in 2024, but need to be established already in 2023. It differs to the Non-Financial Reporting Directive (NFRD) in some important areas, including applicable requirements for dual materiality analysis (the whole value chain). The directive also contains audit obligations in all areas, based on a set of sustainability standards that are under development and will be released in two stages during 2023.
CSRD will place high demands on transparency and traceability, which means a need for the companies to review their entire sustainability reporting. Both to see what needs to be supplemented and changed, but also to see which processes will be suitable to keep in their current form. The new directive will mean a need for organizations to specify, compile and develop new methods to start reporting in accordance with CSRD & Taxonomy. The ongoing process for taxonomy reporting will be an important part of the adaptation to CSRD, and conditions exist for parallel handling of the two processes. Companies are also in need of system support in order to continuously collect the data that is covered by the audit duty and the new requirements in a smooth and efficient manner.
Starting with this free one-hour consultation, we will give you an understanding of how you should go about planning for digitalizing your sustainability reporting and why and when it needs to be done. We can provide learnings from other companies and an overview of important steps to include in preparing your business. The consultation will provide you an overview of the biggest changes in regulations and how that will affect common processes and reporting. We will also share learnings from other companies and an overview of important steps to include in preparing your business. This is an important part to consider before implementing Microsoft Sustainability Manager.
After this consultation we can provide you with a thorough gap analysis on your current sustainability reporting landscape, and what you need to fix to be compliant with the new CSRD and the EU’s taxonomy. We also assist and quality assure in implementation of tools, and most importantly with processes to ensure that you can utilize your data to understand what actions need to be taken to ensure more sustainable business for your company.
Our team of digital sustainability strategists, climate reporting experts, sustainability data analysts and taxonomy specialists can assist you in the various stages of the implementation project. Knowit’s expertise in sustainability reporting provides the facilitation you need to successfully review your needs and implement Microsoft’s data collection tool across your organization.