ESG Services
Reanda Netherlands can provide external assurance statements on both qualitative and quantitative aspects of environmental, social, and governance (ESG), through our ESG services.
We can advise our clients on the following:
- How to ensure compliance with the EU CSRD requirements
- How to identify industry best practices and obtain suitable benchmarks
- How to prepare for external reporting by improving data quality and internal governance and sustainability
When do you have to report under CSRD
-
Large companies already subject to NFRD
rom January 2024 (first reports to be published in 2025) -
All other large Companies as defined by the CSRD
From January 2025 (First reports to be published in 2026) -
Medium sized listed companies
From January 2026 (First reports to be published in 2027. Possibility to opt-out for 2 years) -
Non-EU Companies with EU branches/subsidiaries with:
A net turnover of at least 40 million Euro in the EU, or is a large or listed EU subsidiary: From January 2028 (First reports to be published in 2029).
trusted by
Additional Requirements as per CSRD
-
Enlarged Reporting Scope
The scope of CSRD includes all large EU companies and those listed on EU regulated markets, excluding micro-enterprises. -
Expanded Reporting
The CSRD covers a broader range of sustainability and social responsibility topics. The CSRD requires detailed, standardized reporting aligned with EU standards (ESRS) and regulations. -
Independent Assurance
The CSRD mandates a limited level of assurance on ESG reporting, with an auditor’s report attached.
-
Double Materiality Approach
The CSRD requires reporting on both financial materiality (impact on company operations and investors) and environmental/social materiality (impact on people and environment). -
Value Chain Reporting
The CSRD obligates companies to report on ESG performance of supply chain partners, with an initial three-year exception for incomplete data retrieval. -
Management Report and Digital Tagging
ESG reporting must be included in the management report and prepared in a digital format with tagging.
Why we help with ESG Services
On 21 April 2021, the European Commission adopted the proposal of Corporate Social Sustainability Directive (“CSRD”). This directive came-in to update the Non-Financial Reporting Directive (Directive 2014/95/EU, the “NFRD”). in order to enhance transparency and comparability on corporate sustainability reporting in line with the commitments under the European Green Deal.
The proposed directive requires large companies to report on their environmental, social, and governance (ESG) performance.
