CSRD | ESG-Reporting

With our modular process model, we offer you needs-oriented support for CSRD-compliant sustainability reporting.

1) Sharkbite ESRS-Readiness

With our ESRS Readiness Check , we determine your status quo of the sustainability topics specifically required by the ESRS, identify gaps and derive concrete measures in the respective fields of action together with you. Based on the ESRS Readiness Check, you will receive an overview of the required ESRS topics as well as derived packages of measures to close any gaps. The results form the basis for preparing your CSRD-compliant reporting. This enables us to work with you to build up knowledge and understanding for further process support.

Exemplary implementation of the ESRS readiness check:

2) Stakeholder engagement

Stakeholder management is turning from an “optional extra” into an “obligation”! According to ESRS 2, “the company mustdisclose how the interests and views of its stakeholders are taken into account in the company's strategy and business model(s).” While stakeholders were previously only asked which issues they considered important, they are now asked to name the most important impacts of the organization on people and the environment as well as the most important sustainability risks and opportunities for the organization. Stakeholder involvement is also a central component of the double materiality analysis.

This results in the following tasks for you:

• Identify internal and external stakeholders in accordance with ESRS

• Weight and prioritize stakeholders according to relevance and influence

• Develop an approach to include stakeholders in the materiality analysis

• Internal expert interviews

  • Survey of central, internal managers & management to evaluate the topics along the ESRS focus areas

  • Evaluation and consolidation of the results

• Web-based stakeholder survey

  • Support with the design of a web-based stakeholder survey

  • Development of the questionnaire (e.g. with Limesurvey)

  • Preliminary discussions with external & internal stakeholders to familiarize yourself with the approach

  • Implementation of the survey

3) Double materiality analysis

The use of dual materiality significantly increases the scope of the report, making reports more meaningful and comparable.

We accompany you in four steps to your material topics as the core of your reporting.

1. Understanding and classifying the corporate context today and in the futureBuildingon previous and complementary analyses, we create a common understanding and transparency of the impacts on and through the corporate value chain: Stakeholder dialog | Market & competition | Regulation | Risk reports (e.g. WEF) | Industry standards | Trends

2. Identification of the list of potential material sustainability issues and IROs (Impacts, Risks & Opportunities)Identification of potentially material sustainability aspects and the associated IROs.

3. Assessment & prioritization of impactsImpact materiality assessment => the material topics are assessed according to scale, scope and irreversibility and prioritized based on thresholdsFinancialmateriality assessment => the material topics are assessed according to the extent of their short, medium and long-term financial impact and the likelihood of occurrence.

4. List of material topics for the reportTheresult is a list of material topics and a summarized materiality matrix to identify the key topics and most relevant areas of action for reporting

4) Governance structures and processes

We support you in creating the structural and content-related requirements for reporting, taking individual needs and framework conditions into account.

We work together to develop solutions and answers to the following questions:

• Roles and responsibilities Who is responsible for reporting? What roles and responsibilities already exist?

• Timetable When does which information need to be made available?

• Data & collection Where does the data come from? How do we prepare the data? Which tools and systems are useful for reporting? How is data quality ensured?

An essential preliminary work for data collection is the mapping of your key topics with the ESRS standards, which we are happy to take over and prepare for you

5) Preparation of a sustainability report

We provide you with guidelines for orientation and support you in creating a reporting structure in accordance with ESRS standards. In addition, we support and accompany you as project coordinator in preparing the content of the sustainability report.

If required, we will also be happy to help you select an external service provider for the mandatory external audit.

• Strategy has been formulated & updated on the basis of dual materiality?

• Targets, measures and KPIs have been defined and data is continuously collected and evaluated?

• Relevant data according to ESRS is collected, analyzed and validated?

• Data is categorized and prioritized according to the mandatory standards, disclosure requirements of the ESRS?

We prepare you holistically, pragmatically and effectively for reporting. Contact us now!