1. Who is concerned?
The application is progressive and will expand rapidly. The directive will ultimately affect nearly 50,000 European companies.
From 2024
It will apply to companies with more than 500 employees, subject to one of the following two criteria: a balance sheet of more than €20 million and a turnover of more than €40 million.
In 2025
Companies with more than 250 employees will be affected, subject to the same financial criteria.
From 2026
SMEs listed on the stock exchange (except micro-enterprises with fewer than 10 employees whose balance sheet total does not exceed €350,000 or whose net turnover does not exceed €700,000)
2. What should the sustainability report contain?
Following a double materiality analysis, the company will be able to identify the extra-financial information to be published among (for the moment) 12 ESRS (European Sustainability Reporting Standards). These 12 standards include 550 indicators divided into 4 themes (generic, environmental, social and governance).
Dual materiality involves studying the impacts
of the environment on the company (financial materiality)
and of the company on its environment (materiality of impact).
3. How to prepare?
Anticipate your compliance and get help from experts who can support you:
- To carry out your dual materiality audit
- To ensure the reporting and management of your data
- To structure and write your report
Strengthen your CSR strategy to mobilize all the players in your company and thus facilitate each of the stages but also to consider the future sustainably.
4. How to succeed in your sustainability report?
This is the theme of an article written by Adeline Anfray, to be found in our latest book The Art of New Stories.
5. Why is this a good thing for businesses, in addition to being useful for the planet?
If this obligation has made more than one management team grind their teeth, why not change perspective… by considering it instead as an opportunity to question your operations and tell your business story differently? This new CSR reporting is not only a powerful communication tool, beneficial to your employer brand and your storytelling, but it is also a strategic document for your activity, demonstrating how it is part of a continuous improvement process.
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