CSRD spotlight: Making an informed decision on how to report

#CSRD Decision Making: Insights from #PwC Experts Key Takeaways:

Understand CSRD implications: Start strategic planning early.
Evaluate data availability: A key factor in reporting approach.
Consider stakeholder needs: Influence reporting level and detail.

Further Insights

Flexibility: Initial reporting decisions under CSRD offer flexibility; companies can adapt as stakeholder needs evolve.
Complexities: Non-EU companies face inherent complexities in scoping CSRD, yet exemptions offer options for developing reporting approaches.
Collaboration: Cross-functional collaboration is crucial in deciding the reporting approach, involving sustainability, finance, IT, and legal teams.
Data & IT: Data availability and IT infrastructure significantly influence whether subsidiaries report individually or at a consolidated level.
Strategy Alignment: Reporting strategies should align with broader corporate sustainability objectives, with a keen eye on long-term implications.

Closing Thoughts: As we navigate the evolving terrain of CSRD, it's imperative to remain agile. How can companies leverage these initial reporting requirements to not only comply with emerging regulations but also advance their sustainability agendas?