While the external audit of financial reports has traditionally been mandated, independent assurance of sustainability reports has only been required in for certain countries (e.g., France, Italy and Spain). The Corporate Sustainability Reporting Directive (EU Directive 2022/2464, CSRD), amending the Accounting Directive (EU Directive 2013/34, AD), introduces a general [...]

Introduction The Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464, CSRD) requires companies to prepare their sustainability reports in line with the European Sustainability Reporting Standards (ESRS) and to tag their disclosures electronically. This means that companies must prepare their sustainability reports in the Extensible Hypertext Markup Language (XHTML) format [...]

While the external audit of financial reports has traditionally been mandated, independent assurance of sustainability reports has only been required in for certain countries (e.g., France, Italy and Spain). The Corporate Sustainability Reporting Directive (EU Directive 2022/2464, CSRD), amending the Accounting Directive (EU Directive 2013/34, AD), introduces a general [...]

In our last newsletter we introduced the European Sustainability Reporting Standards (ESRS) and the Global Reporting Initiative (GRI) Standards and touched on the interoperability between them. In this newsletter, we would like to elaborate on this topic and explain the extent to which companies that have previously prepared sustainability [...]

In our last newsletter we looked at the differences between the European Sustainability Reporting Standards (ESRS) and the Global Reporting Initiative Standards (GRI Standards). In this newsletter we focus on the similarities between these standards. Our aim is to help companies facing the challenge of transitioning from GRI to [...]

In our last newsletter, we presented the European Sustainability Reporting Standards (ESRS) and the standards of the Global Reporting Initiative (GRI), highlighting some similarities and differences and discussing the interoperability between the standards. We demonstrated that companies that already report in accordance with the GRI Standards are well positioned [...]

Sustainability reporting is a fast-moving subject, and significant changes took effect particularly with the implementation of the Corporate Sustainability Reporting Directive (CSRD) and the adoption of the European Sustainability Reporting Standards (ESRS). Many organizations who voluntarily report under the Global Reporting Initiative (GRI) Standards wonder what to do. While [...]

What is it and how to prepare one? Introduction The Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464, CSRD) requires in-scope companies to publish a sustainability report in line with the European Sustainability Reporting Standards (ESRS). However, it is not the only report that companies will be obliged to publish. [...]

Let's start with the basics: What is SAQ 5.0? The Sustainability Assessment Questionnaire (SAQ) is a sustainability tool for automotive suppliers. It has been developed by Drive Sustainability, a partnership of 16 car manufacturers. Drive Sustainability partners include BMW Group, Daimler Truck, Ford, Honda, Jaguar Land Rover, Mercedes-Benz, Scania, [...]

“Dieselgate” is not over, and Technical Compliance is more important than ever as the recent USD 1.7 billion agreement in principle (Agreement) between the U.S. diesel engine manufacturer Cummins Inc. (Cummins) and the U.S. Department of Justice (DOJ) demonstrates. The Facts On December 22, 2023, the DOJ announced an [...]