The Corporate Sustainability Reporting Directive (CSRD), in force since January 2023, requires businesses to report on ESG issues based on the concept of double materiality: impact and financial. Under impact materiality, organisations are required to disclose both their positive and negative environmental and social impacts, and under financial materiality, the potential financial impact of sustainability issues such as dependence on natural and social resources.

ESG reporting standards under the CSRD

The aim of the CSRD is to streamline the information disclosure process and enable investors and other stakeholders to understand and compare an organisation's ESG impacts and make more informed decisions based on sustainability data. The broad scope of the data to be collected, their presentation in accordance with European Sustainability Reporting Standards (ESRS) and the need for reports to be subject to expert assurance, means that reporting can be a significant challenge.

At DZP, we understand the organisational challenges of sustainability reporting and support our clients in preparing for the new requirements. We assist undertakings subject to ESG reporting requirements and those who decide to take this step voluntarily, whether for their own reporting purposes or in response to the requirements of supply chain partners.

Our services include:

• support in identifying the area and manner of reporting for each reporting period, including understanding and implementing ESRS,
• indicating the scope of the mandatory information to be reported in accordance with ESRS,
• helping with the double materiality analysis process of identifying stakeholders and significant impacts, risks and opportunities,
• advising on the approach to immaterial information,
• preparing strategies for implementing reporting requirements in each reporting period,
• developing procedures for the circulation of the information required to prepare a sustainability report in accordance with ESRS,
• support in the preparation of sustainability reports,
• helping to implement changes related to sustainability reporting in existing procedures concerning the performance of disclosure obligations by issuers of financial instruments admitted to trading on a regulated market (MAR and periodic reporting procedures).

Team:

Environmental aspects

Daniel Chojnacki

Social aspects

Agata Mierzwa

Corporate governance aspects

Anna Hlebicka-Józefowicz