nova Session: Mastering CSRD Compliance: Strategies for Effective Sustainability Reporting (online)

Hosts: Lara Dammer, Head of Economy & Policy and Dr. Matthias Stratmann, Head of Sustainability (both nova-Institute)
14:00-16:00 (CET)

Understanding the CSRD
The Corporate Sustainability Reporting Directive (CSRD) is an EU directive that aims to improve the transparency and comparability of corporate sustainability data. It requires companies to prepare and disclose detailed reports on environmental, social and governance (ESG) issues, including Scope 3 emissions.

Who will be affected by the CSRD and when?
The CSRD significantly extends the scope of sustainability reporting to a wider range of companies. Any company that meets at least two of the following criteria 250+ employees, €40m+ turnover or €20m+ total assets, will be required to comply. From 2024, the CSRD will apply to companies already subject to the Non-Financial Reporting Directive (NFRD). By 2025, other large companies will be included and by 2026, listed small and medium-sized enterprises (SMEs) will also have to comply.

Are you ready for reporting? Get your ducks in a row now!
The two-hour webinar will cover the essentials of CSRD reporting, including the European Sustainability Reporting Standards (ESRS), which outline nearly 1,200 data points. Participants will learn how to integrate sustainability data into management reports and understand the need for external assurance on all disclosed information. The webinar will focus on double materiality, which requires companies to assess both their impact on the environment and the environment’s impact on them. It will also highlight the importance of working with stakeholders such as employees, shareholders, customers and local authorities. Participants will learn how improved sustainability reporting can enhance a company’s credibility, trust and value, while providing insights for optimising long-term performance.

Topics:

• Understanding the CSRD – background and objectives
• Double Materiality
• European Sustainability Reporting Standards (ESRS)
• Assessment methods (incl. LCA)
• Effectively involving stakeholders
• Data management
• Optimising long-term performance

Program (all CET):

14:00-14:15 Welcome and introduction, Lara Dammer
14:15-14:35 Understanding the CSRD – Background, context, terminology, Q&A, Nicolas Hark
14:35-15:00 European Sustainability Reporting Standards (ESRS) – Overview and data points, assessment methods, Ferdinand Kähler
15:00-15:30 Double materiality assessment – strategy and stakeholder involvement, Q&A, Dr. Matthias Stratmann, Lara Dammer
15:30-15:45 CSRD reporting and verification, Lucas Wagner, TÜV SÜD Industrie Service GmbH
15:45-16:00 Final Q&A and wrap-up All