Corporate Sustainability Reporting (CSRD/ESG)

The Corporate Sustainability Reporting Directive (CSRD) significantly expands the scope and depth of sustainability reporting requirements in the EU. Building on the Non-Financial Reporting Directive (NFRD), CSRD requires detailed disclosures aligned with European Sustainability Reporting Standards (ESRS). This creates substantial new data requirements and opportunities for business information providers.

• 1CSRD expands reporting requirements to approximately 50,000 companies in the EU, up from 11,700 under NFRD.
• 2European Sustainability Reporting Standards (ESRS) provide detailed disclosure requirements across E, S, and G topics.
• 3Double materiality assessment requires companies to report on both impact and financial materiality.
• 4Value chain reporting obligations extend disclosure requirements beyond company boundaries.
• 5Limited assurance is required initially, moving to reasonable assurance over time.
• 6Digital tagging (XBRL) enables machine-readable sustainability data for analysis and comparison.

• •Major opportunity for ESG data products and sustainability intelligence services.
• •Value chain reporting creates demand for supplier sustainability information.
• •Digital reporting formats enable automated data collection and analysis.
• •Assurance requirements may create partnerships with audit firms.
• •SME sustainability data becomes increasingly valuable for supply chain reporting.
• •Cross-border ESG data services benefit from harmonized EU standards.