Many organizations are struggling to respond to new sustainability reporting regulations and standards brought in under the EU’s Corporate Sustainability Reporting Directive (CSRD). The bottom line is that, under the CSRD, thousands of companies must publish sustainability reports that comply with new European Sustainability Reporting Standards (ESRS).

Making companies more transparent about their environmental, social and governance (ESG) performance is part of the EU’s aim to combat climate change and achieve the UN Sustainable Development Goals. The new regulations and standards mark a significant shift in modernizing and strengthening corporate sustainability reporting and mean that more companies need to get serious about their sustainability reporting.

Good decisions are based on good data, so companies need to ask themselves: do we have this data? Does it already exist? If yes, where is it and how do we access it? Who is responsible for it? If we don’t already have this data, how can we generate it?