Towards a sustainable future: the CSRD regulation

The Corporate Sustainability Reporting Directive (CSRD) represents a crucial step towards a sustainable future, mandating an unprecedented level of transparency for companies regarding their environmental, social, and governance (ESG) impact.

Aiming to make sustainability data as reliable as financial information, the CSRD expands the scope of the previous Non-Financial Reporting Directive (NFRD) and introduces stricter requirements for reporting and disclosing sustainability-related information. This involves a larger number of companies and ensures greater consistency and comparability of data.

Its implementation is planned gradually between 2024 and 2028.

What are the main innovations of the CSRD?

The CSRD primarily targets companies listed on EU stock exchange. However, its scope has been expanded, compared to the NFRD, also including large unlisted companies and subsidiary companies of non-EU parent companies under specific conditions.

The CSRD aims to align sustainability reporting in the EU with global standards and introduces a single reporting standard (European Sustainability Reporting Standard – ESRS) to ensure greater comparability of information.

The CSRD requires companies to consider not only the financial impact of their activities but also the impact on the environment and society. And viceversa.

The CSRD requires sustainability reports to be verified by an independent auditor.

CSRD reports will need to be submitted in a digital XBRL format and compatible with the future ESAP (European Single Access Point).

The CSRD requires companies to report on a wide range of environmental, social, and governance (ESG) topics, including but not limited to, climate change, biodiversity, resource use, human rights, and labor. It also encompasses the impacts that their value chains may have on sustainability.

The CSRD mandates companies to annually provide sustainability information using the reference standards ESRS, thereby ensuring that stakeholders receive regular updates on ESG performance.

Our solution

The Digital Technologies solution for CSRD compliance is designed to simplify and automate the ESG reporting process according to CSRD requirements.

We combine regulatory expertise, process knowledge, and technology to guide you from the initial assessment phase to the generation of a compliant CSRD report. Our platform integrates various tools to help companies collect, manage, and disclose the required information efficiently and accurately, ensuring full compliance with the new regulation.

What are the main features?

Guarantee of compliance with CSRD, the platform consists of several modules. Specifically, the sections available allow for the following actions: double materiality analysis, carbon emissions accounting, and supply chain impact assessment.

The platform fully integrates with the DT technological suite, allowing for the collection, organization, and processing of data throughout the supply chain, transforming them into reports compliant with regulatory requirements. Among the most significant modules for topics regulated by CSRD: My Logistics (Transportation Management System, POD Collection e Dogana Digitale), Vendor Portal, Client Portal, My HR, My Workflow.

Our platform utilizes automation to streamline the collection of ESG & ESRS reference data, reducing human errors and saving valuable time. This is achieved through the use of the most advanced automation technologies available on the market (Artificial Intelligence, Robotic Process Automation, Intelligent Character Recognition, AI matching, etc.).

The platform enables the analysis and interpretation of data using advanced tools to identify trends, risks, and opportunities for improving ESG practices.

Generation of detailed and customizable reports that meet the specific compliance requirements of CSRD and communication needs with stakeholders.

…to your problems…

Difficulties and complexities of the data collection process

Need to comply with the regulatory requirements of CSRD

Challenges in managing sustainability-related risk

…to make a difference!

Consultative approach

Thanks to the regulatory expertise of the DT team, it is possible to identify and address disparities in current reporting practices, defining a clear path towards full CSRD compliance.

End-to-end integration

The CSRD compliance platform not only ensures regulatory compliance but also offers the opportunity to turn it into a competitive advantage through integration with the Hyperautomation suite.

Partner

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HIGHLIGHTS

Guaranteed compliance

With our solution, CSRD compliance becomes a simple and transparent process.

Process optimization

The CSRD compliance platform enables cost reduction and internal efficiency improvement through process automation.

Enhancement of corporate reputation

Our solution is not just a compliance tool but also facilitates improvement in sustainability practices, creating long-term value for all stakeholders.

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