More expertise in sustainability reporting, ESG & sustainability services
Sustainability and corporate responsibility
Sustainability has long been a key criteria in corporate development and assessment, not only since the introduction of the EU Green Deal. Sustainability reporting provides an expanded decision-making basis for stakeholders and requires companies to implement ESG measures in order to remain competitive.
As a mandatory component of the management report, sustainability reporting is now an integral part of the annual reporting process. Regulatory requirements have increased significantly and are being standardised through:
- Corporate Sustainability Reporting Directive (CSRD)
- European Sustainability Reporting Standards (ESRS)
- EU Taxonomy Regulation
These frameworks establish uniform reporting standards and introduce extensive new requirements for companies.
Key focus areas
- Significant expansion of reporting obligations
- Sustainability reporting as an integrated part of the management report
- Mandatory application of European and national reporting standards
- Audit of sustainability reporting as part of the statutory audit
In addition, reporting in accordance with the IFRS Sustainability Disclosure Standards may introduce another reporting layer. Our experts support you in meeting all legal requirements for sustainability reporting, including Article 8 reporting under the EU Taxonomy Regulation.
Our services at a glance
Support in preparing sustainability reporting as well as providing the required processes and data preparation in accordance with regulatory requirements.
- Sustainability report and reporting methodology (in accordance with CSRD and ESRS):
- Development of an integrated sustainability reporting system
- Design and structuring of the sustainability report
- Identification and aggregation of impacts, risks, and opportunities (IRO analysis)
- Double materiality analysis (impact materiality and financial materiality)
- Stakeholder engagement support, including stakeholder surveys
- Derivation and preparation of disclosure requirements (ESRS data points, calculation of KPIs, etc)
- Support throughout the reporting process (report structure, ESRS-compliant content, reporting process, etc)
- EU Taxonomy Regulation (Art. 8 reporting)
- Identification of taxonomy-eligible economic activities
- Derivation and preparation of relevant compliance criteria
- Preparation of reporting templates (revenue, CapEx, OpEx)
- Minimum safeguards requirements
- Preparation of Art. 8 reporting
- Special or interpretation questions regarding sustainability reporting & the EU Taxonomy Regulation:
- Clarification of special questions
- Screening of regulatory developments and analyses of applicability and obligation
- Sustainability consulting (sustainability and ESG):
- Support in climate-risk analysis (ESRS and EU Taxonomy)
- Implementation or optimisation of sustainability-related governance structures and processes (ESRS G1)
- Evaluation of non-financial information (ESRS & EU Taxonomy):
- Audit readiness assessments (gap analysis)
- Review of sustainability reports (limited assurance)
Glossary
- CapEX
CapEx (capital expenditures) refers to long-term investments in a company’s fixed assets, e.g., machinery or real estate.
- CSRD
The Corporate Sustainability Reporting Directive (CSRD) is an EU directive that requires companies to provide expanded sustainability reporting.
- DNK
The German Sustainability Code (DNK) provides a framework for voluntary reporting on companies’ sustainability performance.
- ESG
ESG stands for Environmental, Social, and Governance and serves to assess sustainability aspects and corporate responsibility.
- ESRS
The European Sustainability Reporting Standards (ESRS) specify the CSRD requirements for sustainability reporting.
- EU Taxonomy Regulation
The EU Taxonomy Regulation is a classification system defining which economic activities are considered environmentally sustainable.
- Gap analysis
Gap analysis identifies discrepancies between the current actual state and a defined target state in order to highlight optimisation potential.
- IFRS
The International Financial Reporting Standards (IFRS) are internationally recognised accounting standards for financial reporting.
- ÖCGK
The Austrian Corporate Governance Code (ÖCGK) contains principles of good corporate governance for listed companies in Austria.
- OpEX
OpEx (operational expenditures) refers to a company’s ongoing operating expenses, e.g., for personnel, energy, or rent.
- Scope 1, 2, 3
Scopes 1, 2, and 3 classify greenhouse gas emissions by origin – direct, indirect through energy consumption, or along the value chain.
- Sustainability
Sustainability encompasses the responsible use of resources to align ecological, social, and economic objectives over the long term.