Frequently Asked Questions
The CSRD is applicable to you if you are a large company subject to EU law, listed on EU regulated markets, or based in an EU member state.
Additionally, you must meet at least two of the following criteria:
- €40 million in net turnover
- €20 million in total assets
- 250 or more employees
The CSRD is the most demanding ESG regulation in the world. While it is a great opportunity to generate value and become more sustainable, it also brings new challenges:
- Data: on average, companies will have to report on more than 1000 data points. These data points must be identified and then the data must be retrieved from different information systems
- Reporting: companies must make sure that they comply with the reporting standards. The report should be readable by a human (written form) and a machine (XBRL format).
- Taking actions: the CSRD is more ambitious than other regulations because it commands companies to take actions and show progress. These elements must be proven.
Companies will have to report in 2026 on 2025 data, therefore, you should have a setup system to collect the relevant data by January 1st, 2025. This will allow you to make sure that every single datapoint you need to report on is covered and tracked (audit trail).
Every company is unique and the answer depends on a lot of factors, including the work that has been done so far on the CSRD topic and the available human resources to work on it.
For a company starting from the double materiality analysis (DMA), we would recommend to launch the project 4 to 6 months before the desired date of go live.
The software needs to be set up to precisely match your context and requirements, so it can't be used until this setup phase is complete. However, you can request a demo, and we will show you ROSE Framework in action using dummy data.