28.8.2025
2.9.2025
Whitepaper: What is CSRD? Frequently asked questions
Event Date:
The Corporate Sustainability Reporting Directive (CSRD) is a European Union (EU) regulation that aims to standardise sustainability reporting across companies. This directive applies to large public interest entities (PIEs), companies listed on an EU-regulated market, and certain non-EU companies with significant operations or net turnover in the EU market.
This directive expands upon the non-financial reporting directive (NFRD), marking the evolution of EU sustainability reporting. The European Commission plays a central role in developing and implementing the CSRD and its related standards, the European Sustainability Reporting Standards (ESRS). Eligible companies must adhere to CSRD reporting requirements and publish their sustainability reports and financial statements.
The double materiality assessment (DMA), the practice of considering both financial and impact materiality, is a concept unique to CSRD. It ensures that eligible companies undergo this process prior to completing their sustainability reports.
Companies must then disclose information on their material environmental, social and governance KPIs to transparently communicate a holistic view of their sustainability impacts, risks, and opportunities.
To streamline your CSRD reporting journey, our experts share relevant market and regulatory updates. Our FAQ document outlines answers to frequently asked questions regarding implementing the ESRS standards and EFRAG guidance.
KEY ESG delivers software designed to enable a smooth transition to CSRD compliance, aimed at organisations at all stages of ESG maturity.
Contents
- What is the Corporate Sustainability Reporting Directive (CSRD)?
- Who needs to comply with CSRD?
- When does CSRD reporting begin?
- What are the key reporting requirements under CSRD?
- How do companies conduct a double materiality assessment?
- What are the benefits of complying with CSRD?
- What are some best practices for CSRD compliance?
- How can technology help with CSRD reporting?
- What is an appropriate number of topics to report as material in the CSRD Double Materiality Assessment?
- What is deemed appropriate stakeholder engagement for the Double Materiality Assessment?
- How often should a company update its Double Materiality Assessment?
- Disclosure requirements - What does the regulation state about the use of estimates?
- Where can I get help with CSRD compliance?
- How KEY ESG can help
How KEY ESG can help with CSRD compliance?
KEY ESG simplifies CSRD compliance with a comprehensive CSRD Platform that manages reporting obligations, addresses sustainability risks, and ensures full alignment with CSRD disclosure requirements.
- Double materiality assessment (DMA): Complete your DMA directly in-platform, integrated with IROs and data collection. To streamline the process, import an external DMA or roll forward from previous years.
- AI-enhanced automation: Automate data collection to reduce errors and increase efficiency. KEY ESG’s AI agent accelerates text-based response drafting by up to 75%.
- Collaboration & tracking: Monitor data collection progress across your organisation in real time and collaborate on a centralised platform, reducing email exchanges and inefficiencies.
- Adaptive compliance: Minimise non-compliance risk with a platform that automatically updates in line with regulatory changes.
With KEY ESG, firms can achieve CSRD compliance faster, more accurately, and more confidently.
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The Corporate Sustainability Reporting Directive (CSRD) is a European Union (EU) regulation that aims to standardise sustainability reporting across companies. This directive applies to large public interest entities (PIEs), companies listed on an EU-regulated market, and certain non-EU companies with significant operations or net turnover in the EU market.
This directive expands upon the non-financial reporting directive (NFRD), marking the evolution of EU sustainability reporting. The European Commission plays a central role in developing and implementing the CSRD and its related standards, the European Sustainability Reporting Standards (ESRS). Eligible companies must adhere to CSRD reporting requirements and publish their sustainability reports and financial statements.
The double materiality assessment (DMA), the practice of considering both financial and impact materiality, is a concept unique to CSRD. It ensures that eligible companies undergo this process prior to completing their sustainability reports.
Companies must then disclose information on their material environmental, social and governance KPIs to transparently communicate a holistic view of their sustainability impacts, risks, and opportunities.
To streamline your CSRD reporting journey, our experts share relevant market and regulatory updates. Our FAQ document outlines answers to frequently asked questions regarding implementing the ESRS standards and EFRAG guidance.
KEY ESG delivers software designed to enable a smooth transition to CSRD compliance, aimed at organisations at all stages of ESG maturity.
Contents
- What is the Corporate Sustainability Reporting Directive (CSRD)?
- Who needs to comply with CSRD?
- When does CSRD reporting begin?
- What are the key reporting requirements under CSRD?
- How do companies conduct a double materiality assessment?
- What are the benefits of complying with CSRD?
- What are some best practices for CSRD compliance?
- How can technology help with CSRD reporting?
- What is an appropriate number of topics to report as material in the CSRD Double Materiality Assessment?
- What is deemed appropriate stakeholder engagement for the Double Materiality Assessment?
- How often should a company update its Double Materiality Assessment?
- Disclosure requirements - What does the regulation state about the use of estimates?
- Where can I get help with CSRD compliance?
- How KEY ESG can help
How KEY ESG can help with CSRD compliance?
KEY ESG simplifies CSRD compliance with a comprehensive CSRD Platform that manages reporting obligations, addresses sustainability risks, and ensures full alignment with CSRD disclosure requirements.
- Double materiality assessment (DMA): Complete your DMA directly in-platform, integrated with IROs and data collection. To streamline the process, import an external DMA or roll forward from previous years.
- AI-enhanced automation: Automate data collection to reduce errors and increase efficiency. KEY ESG’s AI agent accelerates text-based response drafting by up to 75%.
- Collaboration & tracking: Monitor data collection progress across your organisation in real time and collaborate on a centralised platform, reducing email exchanges and inefficiencies.
- Adaptive compliance: Minimise non-compliance risk with a platform that automatically updates in line with regulatory changes.
With KEY ESG, firms can achieve CSRD compliance faster, more accurately, and more confidently.
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