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CSRD Reporting Made Easy with SupplyShift

The European Union’s CSRD is transforming corporate responsibility, placing transparency at the forefront of modern business strategies. SupplyShift equips you with the essential tools and insights to not just comply but implement a strategy to propel your sustainability objectives forward.

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What do you need to know about CSRD?

The Corporate Sustainability Reporting Directive (CSRD) is a piece of EU legislation that will raise the bar for sustainability reporting starting in 2024. The directive poses a common framework for reporting ESG performance​​​​​​ to increase transparency and reliability of sustainability data. Companies across the globe will need to provide data on the risks, opportunities, and impacts of their activities on people and the environment.

Key Highlights:

  • CSRD replaces and extends the reach of the former Non-Financial Reporting Directive (NFRD), covering more than 50,000 businesses by 2028.
  • CSRD introduces the European Sustainability Reporting Standards (ESRS) that define and ensure consistent, comparable, and high-quality technical guidelines.
  • Large firms, listed SMEs, and large non-EU entities operating in the EU will be required to disclose comprehensive information on how their operations impact the environment and society.
  • US-based companies with EU subsidiaries will also need to comply.
  • CSRD lays the reporting foundation for the EU’s CSDDD, which will mandate due diligence on many of the issues covered by CSRD. So by preparing for CSRD, you’re also preparing for CSDDD.

Meet CSRD Reporting Requirements

The CSRD introduces an extensive reporting framework, requiring companies to provide detailed disclosures in areas including governance, strategy, environmental impact, and social practices. In total, companies will need to disclose over 1,000 data points, with the requirement for third-party assurance to verify accuracy.

The directive goes beyond traditional ESG reporting to incorporate eleven key topics, such as →

European Sustainability Reporting Standards (ESRS)

Environment
  • Climate Change
  • Pollution
  • Water and Marine Resources
  • Biodiversity and Ecosystems
  • Resource Use and Circular
  • Economy
Social
  • Own Workforce
  • Workers in Value Chain
  • Affected Communities
  • Consumers and End-Users
Governance
  • Business Conduct
Cross-Cutting
  • General Requirements and Disclosures

Zooming in on
Value Chain Reporting

A unique aspect of CSRD is the focus on value chain reporting, requiring companies to assess and disclose the impact stemming from not only their own operations, but from their entire supply chain as well. 

Reporting must be done through the lens of double materiality, which encompasses both the company’s impact on society and the environment, and in turn, how these external factors affect the business itself. This includes:

  • Accounting for all emissions, both direct (from the company’s operations) and indirect (from the supply chain, also known as Scope 3).
  • Evaluating the effects on workers throughout the supply chain, particularly upstream.
  • Assessing the impact on nature due to upstream activities like raw material extraction and processing.
  • Comprehensive sustainability reporting that covers current practices, impacts, and improvement strategies with specific targets.

CSRD places the value chain at the core of double materiality, requiring companies to source real, quantifiable data from all levels of the supply chain. This means moving beyond estimates to engaging suppliers for ESG information.

Simplify the Journey to CSRD Compliance

With SupplyShift, you can confidently meet CSRD requirements while leveraging that data for strategic sustainability progress. Our tools facilitate the efficient collection and management of ESG data from every tier of your supply chain, providing a comprehensive and transparent view of your company’s impact.

REAL-TIME TRACKING

Monitor progress of data collection, ensuring adherence to the CSRD reporting timeline.

DATA VERIFICATION

Ensure data is audit-ready with advanced analytics that identify inconsistencies.

Seamless Reporting

Export data outputs that match CSRD reporting requirements.

Start Preparing Now for CSRD

Whether you’re just starting your journey toward compliance or already have a materiality assessment in place, SupplyShift has you covered. Our solution is designed to align with your company’s specific stage in the CSRD preparation process.

No Materiality Assessment yet?

Let’s kick-start your journey by conducting a materiality assessment. We’ll help you identify and prioritize the ESG factors most relevant to your business, setting the foundation for your CSRD compliance strategy.

Already have a Materiality Assessment?

Great! We’ll match your findings with our suite of assessments to gather the data that meets your unique compliance needs. Upon completion, you’ll receive a detailed report covering KPIs that align with the requirements for CSRD material topics.

CSRD Compliance,
Tailored to Your Needs

SupplyShift’s CSRD Solution offers comprehensive data and reporting across the value chain. Based on the material issues you need to address, we’ll guide you to the right assessments.

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DOUBLE MATERIALITY INSIGHT

Assess the reciprocal impacts between your business and broader societal and environmental factors.

RECOMMENDED ASSESSMENTS

Choose from a range of pre-built supplier assessments, designed for industry-specific CSRD compliance.

DATA ANALYTICS SUPPORT

Receive guidance from our team of experts to help you compile and extract data in line with reporting requirements.

Recommended Assessments for CSRD

 

We suggest you pick from these:

Supplier ESG Assessment

A social, environmental, and business ethics performance assessment for your suppliers. Raise awareness, understand supplier risks, and continually improve conditions in your supply chain.

Human Rights Compliance Assessment

Identify the risk of forced labor and modern slavery at every level of your supply chain. Plus, comply with regional modern slavery legislation in Germany, the United Kingdom, France, Australia, and California.

GHG Leadership and Reporting Assessment

Understand management practices and reporting of greenhouse gases throughout your supply chain. Engage your suppliers to measure progress, reduce emissions, and mitigate climate risks.

Biodiversity
Assessment

Transform the challenges of reporting and regulations into action using the first biodiversity tool designed specifically to engage the upstream supply chain for crucial information about material impacts.

But you may also want to consider these:

Scope 3 Emissions Calculator

A comprehensive facility-level tool to measure emissions intensity of any supplier manufacturing facility.

Supplier Diversity, Equity & Inclusion Assessment

An assessment to help companies better understand and advance diversity and inclusion in the supply chain.

THESIS Index

A science-based performance management system helping retailers transform the consumer goods industry to deliver more sustainable consumer products.

Facility Mapping Assessment

Quickly map your supply chain, incorporate any information requests at any tier, and drive supplier responsibility progress.

Sugar Mapping Tool

Map and assess all sources of sugar and its derivatives, including non-certified supply chains, at every tier down to the mill. Leverage data to drive the social and environmental sustainability performance of your suppliers.

 

YESS Cotton Sourcing Risk Screen

Create sourcing dashboards with supplier profiles of cotton inputs and due diligence efforts. Map your cotton supply chain and use the YESS Cotton Sourcing Risk Screen to understand forced labor risk.

Manufacturing Sustainability Assessment

A set of standard, quantitative, and globally applicable KPIs for companies to track the sustainability performance of external manufacturing operations.

Apparel Sustainability KPI Assessment

A comprehensive facility-level assessment to measure factory sustainability performance in textile and apparel supply chains.

CSRD: Implementation Timeline

What is the CSRD timeline?

The CSRD’s phased implementation begins in 2025, based on 2024 data. Given the extent of information required by the directive, companies need to start early, especially those new to carbon emissions measurement or concerned about audit-readiness​​.

2024

(Reporting in 2025)

Companies already subject to NFRD; those with 500+ employees and listed on an EU-regulated market.

2025

(Reporting in 2026)

Non-SMEs listed on EU-regulated markers, and large private companies or subsidiaries with two or more of the following:
• 250+ employees
• €20M+ assets
• G40M+ revenue

2026

(Reporting in 2027)

SMES listed on EU-regulated markets, including subsidiaries.

2028

(Reporting in 2029)

Non-EU companies with €140M+ net turnover in the EU for each of the last 2 years, and have at least one of the following:

  • Large EU subsidiary
  • Subsidiary listed on an EU-regulated market
  • Significant branch in the EU generating €40M+ revenue

Learn More About CSRD

Explore our resources to unravel the intricacies of CSRD and better understand its reporting obligations, key focus areas, and essential timelines.

Talk to Us About CSRD

Start your journey with SupplyShift’s CSRD Solution. Discover how we can help you navigate your unique ESG challenges, ensure compliance, and enhance sustainability performance across your supply chain.