CSRD: Preparing for the Future of Sustainability Reporting

In December 2022, the European Commission took a significant step in improving the quality, comparability, and transparency of sustainability reporting by approving the Corporate Sustainability Reporting Directive (CSRD). In a recently published whitepaper, the NBA explains the impact of this directive on large companies and how they can prepare for it in a timely manner. The publication also contains useful information for small and medium-sized enterprises (SMEs) and organizations in the public sector, including a practical step-by-step plan.

Sustainability is a major challenge for our society and affects all aspects of business. Although 90% of the 100 largest Dutch companies already reported on their sustainability performance in 2022, these reports were difficult to compare due to the use of different frameworks. With the CSRD, some companies will be required to integrate sustainability into their operations, report on it, and have these reports audited starting from 2024.

The whitepaper was written because the CSRD obliges companies to report on sustainability from 2024 onwards, leading to more work. It is essential that companies are well-prepared for the CSRD, as sustainability information is often unclear and requires additional competencies.

The publication concludes with a step-by-step plan that provides practical guidance for reporting organizations. The plan can be used or shared with companies, who can then plan and adapt their implementation accordingly.

The whitepaper was produced in collaboration with the Future-proof Auditor research group at Zuyd University of Applied Sciences and the NBA's Digital Transformation of Accounttech working group.

Click here to download the whitepaper (in Dutch).