ISSB? CSRD? ESRS? ESEF?

ISSB? CSRD? ESRS? ESEF?

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Corporate Sustainability Reporting Directive (CSRD) with the aligned reporting standards in European Sustainability Reporting Standards (ESRS) will not only change the corporate reporting landscape but also the value creation agenda, as it will be a way to grow trust, value, and performance. However, it will not be an easy journey, which is why an appropriate roadmap and tools will be required.

The CSRD alone will impact more than 50,000?corporations, not just within the European Union (EU) but also those with significant operations within the EU, wherever they’re based. The directive requires detailed information on how sustainability issues affect a company's operations and its societal and environmental footprints. CSRD goes beyond reporting targets and data. It encompasses various business risks and opportunities, including regulatory and reputational risks, supply security, and innovation. It is important to integrate these risks and opportunities into the business and communicate them effectively to achieve your goals.?Many APAC countries aim to align their taxonomies with international frameworks like the International Sustainability Standards Board (ISSB) Standards. The CSRD is aligned with the ISSB standards, and it is expected that the ISSB standards will become the global standard for sustainability reporting in the coming years.

To ensure consistency and connectivity between financial and sustainability information, an auditor like 德勤 , 普华永道 , 安永 , and KPMG will need to provide assurance on the sustainability information. From the first year that a company includes CSRD disclosures, they will be required to provide limited assurance on compliance with the ESRS, the underlying materiality assessment process and certain reported indicators.?

CtrlPrint ensures compliance in today’s and tomorrow’s complex regulatory landscape, without compromising the ability to tell a compelling story. As corporate reporting becomes more complex, involving a larger pool of experts and requiring multi-user and functional collaboration, CtrlPrint supports seamless content creation in a secure platform. With a proven track record of supporting the production of over 1000 reports per year, CtrlPrint provides customers with reliable and high quality solutions.

CtrlPrint is the straightforward and reliable choice not only for producing a CSRD-compliant annual report, but also when you need to communicate complex messages in an understandable way.

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Collecting data for a compliant CSRD report requires input from various sources and experts across different departments, and sometimes regions.

Collaboration is crucial with multiple actors and stakeholders involved in the process. CtrlPrint offers a central working platform for cross-functional teams, whether in finance, sustainability, risk, audit, communications, legal, or design.

Our platform enables effective collaboration, allowing stakeholders to work on the same document. With the data displayed in the designed document your team members will be able to see the full story directly, saving time and resources in the narrative development.?

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Managing the data collection process, especially with large volumes of data, can be overwhelming.

CtrlPrint Integrate enhances your existing reporting workflow by seamlessly connecting your current data systems with your reporting projects in CtrlPrint . Bring in data from multiple data sources to one source of truth and refresh data in your report with a single click, while at the same time ensuring your ESG data is investor-grade and audit-ready by creating transparent processes.

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The increased workload and complexity of CSRD will increase the number of external resources needing access to the platform.?

The CtrlPrint platform provides seamless integration. Internal as well as external users can easily connect to our platform, allowing multiple users to collaborate simultaneously with the highest level of security and a full audit trail. This ensures compliance and quality reporting despite resource constraints. CtrlPrint 's permissions management and versioning gives you visibility and control over project development. You can ensure that the right people are working on the right document.

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CSRD requires the sustainability and finance teams to work together to produce an integrated report with XBRL tagging.

CtrlPrint 's cloud-based platform provides a secure and collaborative solution for finance and sustainability reporting teams to work on a single, integrated document that includes XBRL International, Inc. tags. Our extensive expertise in ESEF/XHTML tagging and best practices, along with our strong network and partnerships, ensures a reliable framework.?

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CSRD requires your ESG data to be treated with the same thoroughness as financial data.

CtrlPrint Integrate streamlines the process by integrating data in a traceable and auditable way. The tool ensures data is integrated, structured and available for assurance testing. Our tool TrackChanges enables you to see exactly who has made changes to the document, and when and where those changes were made. With this information, you can keep control over the changes and ensure that your final report is accurate and consistent.

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The increased responsibility and liability associated with sustainability reporting will result in increasing demands from management and board members.?

CtrlPrint Review enhances transparency and accountability, aiding board members in understanding and mitigating risks. With Review, each commenter is able to create and assign tasks in the master document with a full audit trail. This helps you make the reviewing of the reports more efficient and to quality assure the proofreading for all internal and external parties.

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Educating your audience about your specific sustainability performance is not always easy. The issues are often complex and the truth is not always the most positive story.

With CtrlPrint , you never have to compromise on content and can use the layout and graphic elements you need to explain and educate your audience. If you have a compelling, strong story to tell, CtrlPrint 's tools enable you to showcase your company's achievements.


"No company is fully prepared for new sustainability reporting and assurance rules. They need to quickly seek expert advice and dedicate substantial resources to ensure they get this next step on the reporting journey right." - PwC UK


Start producing a compliant and compelling sustainability report step by step with CtrlPrint

  1. Collect, consolidate and analyse your sustainability KPIs in your current systems
  2. Import environmental, sustainability, and governance data with CtrlPrint Integrate
  3. Design, edit and create the narrative report in CtrlPrint with the highest design capacities
  4. Update, correct and perfect with TrackChanges
  5. Invite team members, management team and the board to review and comment with Review
  6. Tag the financial and sustainability data in the XBRL Tagger
  7. Export the final designed and digital report from the platform for publication.?

Aileen Zhou

Business Development @ CtrlPrint | Corporate Reporting

4 个月

#CorporateSustainability #CSRD #ESRS #ISSB #SustainabilityReporting #ESG #CorporateReporting #RegulatoryCompliance #CtrlPrint #FinancialReporting #XBRL #ESGCompliance

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