Stay ahead of CSRD regulations
Ensure compliance with CSRD reporting requirements.
Navigate the complexities of CSRD compliance and reporting confidently, ensuring your business meets evolving regulations.
View key features
What is CSRD?
The Corporate Sustainability Reporting Directive (CSRD), which came into force on January 5, 2023, is a legal framework established by the European Union. It aims to enhance the disclosure of ESG data by companies.
The CSRD represents a pivotal moment in the world of corporate reporting. Its inception is rooted in the European Union’s commitment to advancing sustainable practices, fostering transparency, and addressing the urgent challenges posed by climate change, social inequality, and environmental degradation.
How do I comply with CSRD?
Scope evaluation
Determine whether your company falls within the scope of the CSRD based on criteria such as size, incorporation status, and market listing.
Data collection and management
Establish robust systems for collecting, managing, and verifying ESG data to ensure accuracy and relevance.
Reporting alignment
Align reporting practices with CSRD guidelines, including disclosure of environmental impact, social responsibility, and governance practices.
Data collection and management
Establish robust systems for collecting, managing, and verifying ESG data to ensure accuracy and relevance.
Adopt ESRS
Implement European Sustainability Reporting Standards (ESRS) for consistent and transparent communication of ESG performance.
Engage with stakeholders
Foster dialogue with stakeholders to understand their expectations and concerns, promoting transparency and accountability.
Assurance engagement
Obtain external assurance on sustainability information to enhance credibility and trust in reported data.
Digital reporting
Embrace digital reporting tools and standardized digital taxonomy to facilitate compliance with CSRD requirements.
When will CSRD apply to me?
Understanding when the CSRD applies to your company is essential for timely compliance. Here's a breakdown of key timelines:
2024
Existing entities under NFRD
If your company has already been reporting under the Non-Financial Reporting Directive (NFRD), you must now realign with the CSRD for your 2024 data and publish your first CSRD-compliant reports in 2025.
2025
New entrants
Large companies not previously subject to the NFRD, including non-EU companies listed on EU-regulated markets, fall under the CSRD in 2025. You will report your 2025 data in your CSRD reports in 2026.
2026
SMEs
As of 2026, the CSRD will apply to small and medium-sized enterprises (SMEs) meeting specific criteria, such as being listed on regulated European markets and meeting certain financial thresholds.
2023
CSRD enters into force. First set of ESRS published.
2024
Companies reporting under the NFRD transition to reporting under CSRD.
2025
All large European companies must report for fiscal year 2024.
2026
SMEs listed on regulated markets report for fiscal year 2025.
2028
Large non-European companies report for fiscal year 2027.
BeCause helps you become CSRD compliant.
At BeCause, we understand the challenges companies face in meeting their CSRD obligations. That's why we've developed a digital solution tailored specifically for this.
Digitized ESRS framework
Our platform offers a digitized version of the European Sustainability Reporting Standards (ESRS), ensuring that organizations can efficiently collect and create audit-ready reports on their sustainability data. This simplifies the process of aligning with CSRD requirements, saving time and resources.
Reuse existing data
BeCause allows organizations to apply any previously collected data through our platform and automatically map it to ESRS. This means that organizations don't have to start from scratch; they can leverage the sustainability data they already have, minimizing redundancy and streamlining compliance efforts.
Modernized data management
BeCause offers a modern approach to sustainability data management, acting as a centralized hub through which all information seamlessly flows. This not only facilitates CSRD compliance but also enables organizations to pursue other sustainability initiatives and certifications with ease.
Elimination of double - accounting errors
As of 2026, the CSRD will apply to small and medium-sized enterprises (SMEs) meeting specific criteria, such as being listed on regulated European markets and meeting certain financial thresholds.
Addressing double materiality
Our upcoming feature will address the complex issue of double materiality, providing organizations with a digitized framework to determine and report on the material matters related to their sustainability impacts, risks, and opportunities. This feature will further enhance CSRD compliance efforts by simplifying the reporting process.
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