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EFRAG publishes draft CSRD ESG Reporting

CSRD, the non-financial reporting on ESG is becoming increasingly concrete - On October 25, EFRAG published a draft version of an Excel file related to the CSRD (Corporate Sustainability Reporting Directive). This file includes both mandatory and voluntary disclosures, including data points. The file contains a total of 1178 ESRS data points.

The file provides information on data types such as monetary values, percentages, volumes, and qualitative data. It also indicates whether the data point is mandatory or voluntary. EFRAG, or the European Financial Reporting Advisory Group, is an advisory body that makes recommendations on financial reporting within the EU.

There are cross-references to other EU legislation, including the SFDR and PILLAR 3. The SFDR (Sustainable Finance Disclosure Regulation) relates to transparency obligations in financial services with a focus on sustainability. PILLAR 3 refers to disclosure requirements for banks regarding capital and risk management.

ESRS stands for "European Sustainability Reporting Standards". It is a set of standards developed to assist organizations in reporting sustainability information in a consistent and comparable manner. These standards determine the information organizations need to report, such as data on their environmental performance, social impact, governance, and other relevant ESG aspects.

Jan Willem de Graaf, CTO and co-founder of Blue Module, notes: "Within these CSRD obligations, Blue Module has developed a specific approach for real estate companies. We recognize the unique nature and specific challenges of the real estate sector and have designed tools and strategies to help them meet these requirements."

Furthermore, it becomes clear that the 1178 data points relate to the 12 ESRS and each must follow a specific format. They contain descriptive information, semi-descriptive data, absolute values, percentages, monetary values, energy units, and GHG (Greenhouse Gas) emissions, as well as SFDR agreements for those who choose to participate.

In preparation for the CSRD, the next step is to become familiar with the materiality assessment for both impact assessment and financial assessments. It is also important to familiarize oneself with the CSRD standards to conduct a gap analysis between the available data and the required information.

Ultimately, the double materiality analysis will assist in filtering and linking the data points. The number of data points to retain and disclose will depend on the number of material aspects identified in the materiality analysis.

The final file will be launched on November 15.

Click here to view and download the draft version.