What is CSRD?
Large corporations are required by European Union law to report on their environmental, social, and governance (ESG) impacts under the Corporate Sustainability Reporting Directive (CSRD). Substituting the EU’s Non-Financial Reporting Directive (NFRD), the CSRD will mandate more thorough ESG reporting guidelines for many businesses, both inside and outside the EU.
The purpose of the CSRD is to give stakeholders and investors the information they need to understand the risks associated with making investments in sustainability challenges, such as climate change. It also encourages transparency in revealing how businesses affect society and the environment.
Who must comply?
As the former Non-Financial Reporting Directive (NFRD) is phased out, companies operating in the EU are now required to declare their sustainability performance.
The requirements for organisations are based on number of employees and revenue. Although smaller businesses are exempted from complying with CSRD, technically speaking it is still possible for those participating in a supply or value chain to fall under the scope of the directive.
Who should perform the independent assurance of CSRD, ESRS and double materiality assessment?
An independent third party, accredited by a proper Accreditation Body, can verify the CSRD and ESRS report and perform the independent assurance, limited or reasonable resulting in an Assurance Opinion about the sustainability disclosure of the company.
EcoVerify can support your journey executing your independent assurance process.
What reporting is required?
- SO 14064-1 Greenhouse gases Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals.
- The Greenhouse Gas Protocol: Corporate Accounting and Reporting Standard.
- The Greenhouse Gas Protocol: Corporate Value Chain (Scope 3) Accounting and Reporting Standard
- PAS 2060 Specification for the demonstration of carbon neutrality
- ISO 14068-1 Climate change management Transition to net zero Part 1: Carbon neutrality
How the EcoVerify Programme Works
Initial Enquiry: Clients reporting on their carbon footprint, achieving GHG reductions, making carbon neutrality claims or Net Zero Pathways will reach out to us for expert guidance. We validate / verify based on ISO 14064-1, GHG Protocol Corporate and Value Chain Standard, ISO 14068-1, IWA 42 and SBTi Standards.
EcoVerify ensures your claim meets full compliance through expert validation and verification, following the EcoVerify Programme, ISO 14064-3, and other leading standards.
When the validation or verification process is successful, the client receives a positive validation or verification opinion, along with the relevant marks to proudly showcase their achievement. Following a thorough and impartial process, the Validation and Verification Team issues an official opinion affirming the client’s claim.
The client has the opportunity to validate or verify their claims annually. To maintain their status and continue using the marks, they can easily request a new validation and verification process each year
Our Clients
Laura’s patience, encouragement, and genuine appreciation for participants’ inputs truly stood out. Grateful for this valuable learning opportunity and excited to apply these insights in our collective sustainability journey!
Michal Sabik
Senior Procurement / Purchasing Manager
General Paints Group
Embarking on your
Net Zero Journey?
Our extensive expertise in Validation and Verification processes makes us the ideal partner to ensure your success. Let’s discuss how we can support your specific needs.
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