{"id":18307,"date":"2024-10-10T10:13:48","date_gmt":"2024-10-10T10:13:48","guid":{"rendered":"https:\/\/www.greenflex.com\/?post_type=offers&#038;p=18307"},"modified":"2024-10-16T07:34:55","modified_gmt":"2024-10-16T07:34:55","slug":"csrd-compliance-double-materiality","status":"publish","type":"offers","link":"https:\/\/www.greenflex.com\/en\/offers\/sustainable-development-strategy-and-roadmap\/csrd-compliance-double-materiality\/","title":{"rendered":"CSRD and double materiality"},"content":{"rendered":"\n<section id=\"disko-component-header-simple-block_4f754a9e50f316b030675d04eece918b\" class=\"disko-component disko-component-header-simple\">\n    <div class=\"header-content\">\n        <div class=\"bread-crumbs-container\">\n            <span><span><a href=\"https:\/\/www.greenflex.com\/en\/\">GreenFlex<\/a><\/span>  <span><a href=\"https:\/\/www.greenflex.com\/en\/offers\/sustainable-development-strategy-and-roadmap\/\">Sustainable development strategy and roadmap<\/a><\/span><\/span>        <\/div>\n        <h1 class=\"header-title\">\n            Complying with the CSRD directive        <\/h1>\n        <div class=\"header-description\">\n            <p>You need to comply with the CSRD and European regulations. GreenFlex, your partner to help you address your sustainability challenges: environmental, social and governance.\u00a0 This is an opportunity for your company to put sustainability and resilience at the heart of your business model.<\/p>\n<p>You would like to carry out your non-financial reporting with a dual materiality analysis (financial and impact) as part of the CSRD.<\/p>\n        <\/div>\n        <div class=\"btn-wrapper\">\n                                <\/div>\n    <\/div>\n    <\/section>\n\n\n\n<section id=\"disko-component-image-text-block_e72f8ea065de8f0754590fc6d3c5edb9\" class=\"disko-component disko-component-image-text light \">\n    \n    <div class=\"image-text-wrapper\">\n        <div class=\"image-text-col\">\n              <div class=\"image-text-container \">\n                  <img width=\"1200\" height=\"1200\" src=\"https:\/\/www.greenflex.com\/wp-content\/uploads\/2024\/10\/csrd-double-materiality-companies-greenflex.png\" class=\"image-text-image\" alt=\"Which companies are concerned by CSRD\" decoding=\"async\" loading=\"lazy\" sizes=\"40vw,(max-width:480px) 80vw\" srcset=\"https:\/\/www.greenflex.com\/wp-content\/uploads\/2024\/10\/csrd-double-materiality-companies-greenflex.png 1200w, https:\/\/www.greenflex.com\/wp-content\/uploads\/2024\/10\/csrd-double-materiality-companies-greenflex-480x480.png 480w, https:\/\/www.greenflex.com\/wp-content\/uploads\/2024\/10\/csrd-double-materiality-companies-greenflex-1024x1024.png 1024w, https:\/\/www.greenflex.com\/wp-content\/uploads\/2024\/10\/csrd-double-materiality-companies-greenflex-375x375.png 375w, https:\/\/www.greenflex.com\/wp-content\/uploads\/2024\/10\/csrd-double-materiality-companies-greenflex-768x768.png 768w\" \/>              <\/div>\n        <\/div>\n        <div class=\"image-text-col text-container\">\n            <h2>A new non-financial reporting obligation<\/h2>\n<p>The CSRD (Corporate Sustainability Reporting Directive) is a European regulation designed to strengthen extra-financial reporting by companies. The reporting covers environmental, social and governance issues.<\/p>\n<p>Companies must publish a sustainability report indicating the impact of their economic activity on the environment and society on the one hand, and the effect of social, economic and environmental issues on their sustainability on the other. This is known as dual materiality.<\/p>\n<h3>Who is concerned?<\/h3>\n<p>The CSRD is expected to affect 45,000 companies in Europe, including large companies and those exceeding 2 of the following 3 criteria:<\/p>\n<ul>\n<li>250 employees<\/li>\n<li>Turnover of \u20ac50 million<\/li>\n<li>25 million euros balance sheet<\/li>\n<\/ul>\n            \n                    <\/div>\n    <\/div>\n\n<\/section>\n\n\n\n<section id=\"disko-component-wysiwyg-block_758494dc107453dc3274e88a89e75b90\" class=\"disko-component disko-component-wysiwyg dark\">\n    <div class=\"wysiwyg-wrapper\">\n        <h2>Preparing your CSRD reporting<\/h2>\n<p>We can help you <strong>implement your CSRD obligations<\/strong> (publication of environmental, social and governance data) using a balanced, strategic, and sustainable approach. To carry out your <strong>dual materiality<\/strong> analysis across the entire value chain, including your stakeholders, we identify and then assess:<\/p>\n<ul>\n<li><strong>the negative and positive impacts (impact materiality)<\/strong> of your company on its stakeholders and the environment<\/li>\n<li><strong>the risks and opportunities (financial materiality)<\/strong> associated with ESG issues for the economic sustainability of your company.<\/li>\n<\/ul>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"disko-component-text-html-block_fef053e6797d2705705d4db3f4b8e7d0\" class=\"disko-component disko-component-text-html light reversed\">\n    \n    <div class=\"text-html-wrapper\">\n        <div class=\"text-html-col\">\n              <div class=\"text-html-container\">\n                <p>The concept of double materiality is more recent and stems from the ESRS (European Sustainability Reporting Standards), which set out the standards for sustainable development.<\/p>\n<p>Double materiality has thus become a tool for non-financial accounting.<\/p>\n              <\/div>\n        <\/div>\n        <div class=\"text-html-col text-container\">\n            <p><u>Focus on simple materiality and the principle of double materiality<\/u><\/p>\n<p>Materiality is an accounting tool that measures a company&#8217;s financial performance. By extension, in CSR, materiality is used to prioritise the positive and negative externalities that can have an impact on a company&#8217;s activities.<\/p>\n<p>Simple materiality corresponds to financial materiality and reflects the opportunities and risks facing a company.<\/p>\n            \n                    <\/div>\n    <\/div>\n    \n<\/section>\n\n\n\n<section id=\"disko-component-wysiwyg-block_fbd7b3256f5a65c9ed112a552cd902e8\" class=\"disko-component disko-component-wysiwyg light\">\n    <div class=\"wysiwyg-wrapper\">\n        <p>With the aim of optimising risk management and identifying new opportunities, our recommendations are aimed at <strong>improving operational resilience and increasing transparency<\/strong>, particularly financial transparency, for all your stakeholders.<\/p>\n<p>This <strong>analysis<\/strong> will enable you to identify the most important topics that you need to include in your sustainability report for each ESRS (the \u2018data-points\u2019 and \u2018disclosures requirements\u2019).<\/p>\n<p>The dual materiality analysis is an opportunity to update or develop your <a href=\"https:\/\/www.greenflex.com\/en\/offers\/sustainable-development-strategy-and-roadmap\/csr-strategy-and-stakeholders\/\"><strong>CSR strategy<\/strong>,<\/a> an essential step before creating your roadmap.<\/p>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"disko-component-transition-text-block_cda7545afd9856d9544ca4d2a9aacd59\" class=\"disko-component disko-component-transition-text\">\n    <div class=\"transition-text-wrapper\">\n        <p>Beyond the regulatory compliance exercise, our approach aims to initiate a<strong> reflection on your business model and on the way in which your stakeholders are taken into account throughout the value chain, as part of a sustainable development approach.<\/strong><\/p>\n        <!--<svg class=\"logo-greenflex\" width=\"54px\" height=\"54px\" viewBox=\"0 0 54 54\" version=\"1.1\" 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0-64.052 0-96.914C967.001 112.38 967 64.667 967 0\" stroke=\"#17FA73\" fill=\"none\" fill-rule=\"evenodd\"\/><\/svg>\n    <\/div>\n    <div class=\"banner-container\">\n        <div class=\"banner-title-container\">\n            <div class=\"banner-hover-title\">Would you like to prepare for the CSRD?<\/div>\n            <div class=\"cursor\" data-bg=\"\"><\/div>\n        <\/div>\n        <p>\n            Our experts can help        <\/p>\n                    <a href=\"https:\/\/www.greenflex.com\/en\/contact-us\/\" class=\"btn btn-white\">\n                <div class=\"btn-ico\">\n                    <svg aria-hidden=\"true\" width=\"18\" height=\"15\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\"><defs><path d=\"M11.455 2.025c-.833.73-.972 1.483-.42 2.255l4.032 4.023H.854a.863.863 0 00-.848.875c0 .483.38.876.848.876h14.213l-3.752 4.026c-.8.88-.761 1.639.114 2.275l6.332-6.557a.859.859 0 00.245-.62.86.86 0 00-.245-.62l-6.306-6.533z\" 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