CSRD compliance: An essential checklist for effective reporting

Complying with the  Corporate Social Responsibility Disclosure (CSRD) is a complex process that requires companies to implement a well-defined strategy and equip themselves with software to simplify data collection and ensure their reliability. Here is the checklist to follow in order to meet all the necessary steps for a company’s compliance with the CSRD.

1. Understand CSRD requirements

  • Familiarize yourself with the Corporate Sustainability Reporting Directive (CSRD) and its reporting obligations.
  • Identify where your company falls within the scope of the CSRD and when you should start preparing for CSRD reporting.

2. Conduct a Double Materiality analysis:

  • Perform a double materiality analysis to identify the relevant environmental, social, and governance (ESG) issues that impact your company and stakeholders, and vice versa.
  • For this, you can rely on the EFRAG guideline for implementing the materiality assessment.

3. Gap analysis and Data Collection:

  • Assess existing data related to ESG factors and measure their accuracy and alignment with CSRD requirements (see the ESRS).
  • Identify gaps in internal data collection and reporting processes.

4. Define you company’s ambition in reporting:

  • Define your company’s sustainability disclosure ambition based on relevant reporting standards.
  • Implement missing policies, targets, and metrics.
  • Establish a reporting structure for the integrated report and approval process.

5. Data Source Identification:

  • Identify appropriate data sources to meet CSRD reporting requirements.

6. Selection of Sustainability Software:

  • To simplify data collection and ensure their reliability, select a tool – software – for reporting that complies with CSRD requirements and is aligned with your company’s needs. (Visit the kShuttle website to discover CSR Insight, our solution designed for CSR reporting)
  • If necessary, seek the help of industry experts to select the software.

7. Assessment of the new software’s impact on Internal IT Systems:

  • Understand the CSRD-related needs for data collection, management, and analysis.
  • Evaluate the maturity of your information systems, the necessary improvements, and specific considerations for successful integration of the CSR reporting software.

8. Software Integration:

  • Define the schedule for implementing the software: resources, timeframes, stakeholders involved.
  • Set up the software to suit your company: definition of entities, selection of indicators, incorporation of historical data, etc.

9. Produce quality CSR Reporting

  • Encourage involvement from all business units.
  • Train employees to use the software effectively.
  • Collect relevant data (define consistency checks, encourage the collection of qualitative information), prepare reports and have them verified.

10. Change Management:

  • Develop a change management strategy to involve the entire organization (and all employees) in the reporting process.
  • Ensure the buy-in of all stakeholders for successful adoption of the software.

11. Collaboration with Stakeholders:

  • Improve data collection and transparency throughout the supply chain.
  • Encourage a project-based approach, identify the right levels of collection, set up different user profiles for the software, with appropriate levels of responsibility and access.

12. Budget Planning:

  • Allocate a budget covering licensing fees, implementation, support, functional assistance, and other relevant expenses related to the adoption of the software.

13. Streamlining the reporting process:

  • Leverage the capabilities of the software to streamline the reporting process and avoid unnecessary complexity.
  • Ensure that the software supports data validation and accuracy checks.

14. Regular Review and Improvement:

  • Regularly review reporting practices and make improvements based on user feedback, identified best practices, and regulatory developments.
  • Update the software to reflect changes in reporting requirements.

15. Finalization of Reports:

  • Prepare and finalize your CSRD sustainability reports using the software: data exports, reporting templates compliant with regulatory requirements, etc.

16. Submission and Compliance:

  • Submit your sustainability reports within the prescribed deadlines and ensure your compliance with the CSRD.

17. Ongoing Monitoring and Disclosure (Voluntary Reporting):

  • Continuously monitor your company’s sustainability performance using the reporting and analysis features of the software.
  • Use the software for voluntary reporting to communicate your CSR commitments.

And remember, compliance with the CSRD is more than an obligation: it’s an opportunity to be at the forefront of sustainability.

Latest News

Landscape with lake and small spiaggetta lawn of the Trentino Al
Published on 5/06/2024
ESG Reporting: the final version of the ESRS datapoints is finally out!
Discover EFRAG's new guidance on ESRS datapoints for ESG reporting. Hyperlinks, conditional datapoints and more!
Toward Double Materiality
Published on 13/12/2023
The end all, be all on double materiality, based on EFRAG’s guidelines
Master double materiality with EFRAG's guidelines for CSRD compliance. Simplify reporting, identify impacts & opportunities, and enhance your ESG journey.
CSRD Infographic
Published on 6/12/2023
CSRD Infographic
Get to know the CSRD requirements with our infographic. All the essentials of this EU regulation, easily accessible for you.
cop28 uae
Published on 27/11/2023
COP 28: Dates, challenges, and stances
Explore the key challenges at COP 28, from climate action progress to the future of fossil fuels. Join the discussion on global leadership in climate...
ESRS article cover photo
Published on 10/09/2023
Updates on ESRS (European Sustainability Reporting Standards)
Learn about the latest ESRS updates in June 2023 and their impact on sustainability reporting for businesses.

Sustainability Reporting & Strategy

Carbon Footprint

EU Taxonomy

IFRS 16 & ASC 842

Global Minimum Tax

Customized management apps


Services related to CSR Insight

Services related to GHG Insight

Services related to Taxonomy Insight

Services related to Lease Insight

Services related to GMT Insight

Digitalization of management processes