Sustainability Reporting 

Sustainability Reporting and Assurance 

Companies can use various standards and frameworks to report on sustainability and responsible business practices. In addition to voluntary sustainability reporting, many legal obligations require companies to disclose sustainability-related information. 

New rules and standards for corporate sustainability disclosures improve data comparability and enable integration of sustainability metrics with financial reporting. High-quality sustainability reporting enhances investor interest and improves access to financing. 

Sustainability Reporting Obligations 

Corporate sustainability reporting regulation has undergone significant changes. Large companies already report on environmental sustainability based on the EU Taxonomy, and the CSRD Directive is gradually extending sustainability disclosure requirements to medium-sized companies. 

Information gained through reporting can support the identification of sustainability risks and new business opportunities while informing decision-making. We guide your company in advancing reporting practices, addressing both regulatory obligations and the opportunities provided by voluntary initiatives. 

CSRD – Corporate Sustainability Reporting   

Large companies must publish annual disclosures on sustainability alongside their management reports. The EU’s Corporate Sustainability Reporting Directive (CSRD) also introduces these obligations for smaller companies, with significantly more detailed disclosure requirements. The EU’s ESRS standards define the structure, disclosure requirements, and report assembly conditions. 

Ecobio’s Corporate Sustainability Reporting Services 

• Guidance for reporting under CSRD and ESRS requirements 

• Support for reporting on strategy, business model, and material sustainability information 

• Assistance with gap analyses and baseline assessments 

• Help with setting targets and planning actions in line with ESRS 

Double Materiality Assessment 

According to CSRD requirements, companies disclose only sustainability topics that are material to them. This is determined through a double materiality assessment. The principle of double materiality involves analysing how sustainability issues, such as climate change, affect a company’s financial performance and operations (outside-in), and how the company’s activities impact people and the environment (inside-out). 

Ecobio’s Services for Double Materiality 

• Support for conducting and documenting the double materiality assessment 

• Identification and collection of value chain-related material data 

• Mapping of relevant disclosure requirements and organising data collection 

VSME – Voluntary Sustainability Reporting for SMEs 

Clients and stakeholders are increasingly asking SMEs to provide sustainability information. The VSME standard offers a clear and practical framework for structuring sustainability efforts and reporting for small and medium-sized companies. We help you integrate sustainability step by step and report on it credibly, meeting stakeholder expectations. 

Our Services for VSME Reporting:

• Support in selecting the appropriate reporting module based on company needs and stakeholder expectations 

• Assistance with data collection 

• Emissions calculations in the scope required by the chosen module 

• GAP and baseline analyses 

• Compilation of a complete VSME report 

EU Taxonomy and Reporting 

The EU Taxonomy is a classification system for environmentally sustainable economic activities. Its primary goal is to direct investments towards climate- and environment-friendly businesses. The taxonomy is an EU tool for steering corporate action toward sustainable development objectives. 

The taxonomy underpins several targets within the EU’s sustainable finance strategy, including disclosure obligations. Companies must report annually what portion of their activities aligns with the taxonomy’s environmental and climate objectives. 

Our EU Taxonomy Services: 

• Determination of your company’s taxonomy-eligible and aligned economic activities 

• Guidance on applying the “do no significant harm” (DNSH) principle 

• Interpretation of the taxonomy criteria 

• Recommendations for achieving the required sustainability performance 

• Support throughout all stages of reporting 

• Emissions calculations and life cycle assessments in line with taxonomy requirements 

Download our whitepaper to explore the details of CSRD and the EU Taxonomy: 

• Legal background and reporting timeline 

• Role of digitalisation in sustainability reporting 

• Seven steps toward a sustainability report 

CSRD Training – Unlock Business Value from Sustainability Reporting 

Most companies are now impacted by evolving sustainability disclosure requirements that affect business strategy. Ecobio’s tailored and practical training provides clear answers to key questions. 

Topics Covered in Ecobio’s CSRD Training:

• Basics of CSRD: Background, objectives, and how it changes business model evaluation and reporting 

• The new materiality dimension: How CSRD reshapes the concept of materiality 

• Sustainable business models: Analysing strategy and business model from a sustainability angle 

• Setting goals and indicators: How to define and monitor sustainability targets 

• Reporting process: Workflow, responsibilities, and connection to the EU Taxonomy 

• Reporting roadmap: Interactive planning of your company’s next steps 

Ensure your company is ready for the challenges and opportunities CSRD brings. Turn sustainability reporting into a driver for your business success. 

Reporting Frameworks and Assurance 

Companies report on sustainability using a range of standards and frameworks. We support you in reporting based on frameworks such as the Global Reporting Initiative (GRI), the UN Sustainable Development Goals (SDGs), and the Task Force on Climate-Related Financial Disclosures (TCFD). We advise on carbon and water footprint calculations (CDP, WDP), Environmental Product Declarations (EPD) verification, environmental due diligence, and compliance assessments. 

With support from our independent assurance experts, the data compilation, verification of calculation methods, and review of results strengthen the credibility and reliability of reporting. Our clients have achieved strong results in sustainability reporting competitions.