What is the role of ESRS and EFRAG in sustainability reporting?

The ESRS define key reporting requirements for sustainability reports. EFRAG developed the European reporting standards and shapes the structure, data requirements, and comparability of sustainability reporting.

Why is sustainability governance important for companies?

Sustainability governance defines responsibilities for data, content, approvals, and decisions within sustainability reporting. Without clear governance, the risk of inconsistent data, incomplete evidence, and inefficient coordination increases.

How does KPMG support sustainability reporting?

KPMG supports governance design, ESRS classification, processes, data flows, internal controls, regulatory requirements, and audit readiness. The goal is to establish a reporting system that meets management needs and is audit-ready.

How is sustainability reporting linked to corporate management?

Sustainability reporting provides data that is relevant beyond reporting, including for controlling, risk management, and strategic management. Reliable ESG data helps integrate sustainability into decision-making and performance management.

When should companies start preparing?

Companies should start early, as sustainability reporting typically requires data from multiple departments, systems, and controlling processes. Effective preparation requires clear responsibilities, sufficient time for process adjustments, and a shared understanding of the relevant reporting standards.

The EU Green Deal has far-reaching effects on reporting obligations and directly on companies' corporate governance systems.

KPMG provides support with the new ESG reporting in accordance with Corporate Sustainability Reporting Directive (CSRD), EU taxonomy and ISSB. The particular focus is on solving the challenges of organising regulatory framework conditions in structural and process organisations, orchestrated in the familiar management systems: Risk Management, Compliance Management, Internal Control System and Internal Audit System.

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