Double materiality: Understanding the key concept of CSRD

by Endure Consulting GmbH | Jan 26, 2024 | Climate

An overview of the most important factsDouble materiality integrates the financial materiality (impact of sustainability issues on the company) and the impact materiality (the company’s impact on the environment and society) in sustainability reporting.Sustainability...

Understanding and applying ESRS 1 and 2: the key to effective sustainability reporting

by Endure Consulting GmbH | Jan 26, 2024 | Climate

An overview of the most important factsESRS 1 and 2 are part of the first set of European Sustainability Reporting Standards (ESRS), adopted by the European Commission in July 2023, and provide a cross-sectoral basis for sustainability reporting.ESRS 1 defines the...

ESRS standards: overview and implementation possibilities for companies

by Endure Consulting GmbH | Jan 21, 2024 | Climate

An overview of the most important factsThe ESRS were developed by the EU to standardise sustainability reporting. Starting in 2024, companies subject to reporting under the CSRD must comply with the ESRS requirements.The first set of ESRS comprises twelve standards,...

The European Green Deal: how the CSRD and EU taxonomy work together

by Endure Consulting GmbH | Jan 16, 2024 | Climate

An overview of the most important factsThe EU taxonomy is a classification system based on defined environmental objectives and social minimum standards. It determines which economic activities can be considered ecologically sustainable in the European Union.The...

How companies can successfully implement the CSRD and build a foundation for future success

by Endure Consulting GmbH | Dec 21, 2023 | Climate

Key PointsThe CSRD expands on the requirements of the NFRD and introduces the concept of double materiality.The CSRD significantly expands the scope of companies that are required to submit reports and uses the ESRS to define specific reporting requirements. The scope...