CSRD Basics
The CSRD regulation formed in this region of the world
The European Union
CSRD does not apply to non-EU companies
False
With assurance remaining a requirement of CSRD, third party data verification can be completed by our...
Partners
CSRD requires which scope emissions to be reported on
Scope 1, 2, and 3 Emissions
2025 CSRD Reporting is based on which year
2024
CSRD is legally required for certain companies to comply with
True
Now CSRD Assessments will take place every 5 years, instead of
Annually
All companies with securities listed on this market are required to report
The EU-regulated market
This is the principle that the company should account for both the financial impacts on an organization and the organization's environmental and social impacts
Double Materiality
Non-compliance with CSRD does not result in monetary fines
False (financial penalties are calculated based on the size of the company and the extent of the violation)
Outside from the companies that are subject to reporting in 2025, the remaining companies applications are delayed by how many years
2 years
CSRD was originally passed during this year and came into effect during this year
2022 & 2024
CSRD aims to make sustainability reporting more comparable to this type of reporting
Financial Reporting
CSRD standards are based on the GHG Protocol and TCFD
True
The Omnibus Package changes CSRD thresholds to focus on larger enterprises with X number of employees and makes reporting voluntary for smaller companies
1000 employees (previously 500)
WatchWire helps with these two components of CSRD
The quantitative and qualitative components
The acronym CSRD stands for
Corporate Sustainability Reporting Directive
A Double Materiality Assessment is limited to a company's financial and climate impacts
False - social impact is included
The number of years reporting is delayed for "second and third wave companies"
2 years
Governance, strategy & business model, impacts, risks & opportunities, metrics & targets represent the 4...
General Disclosure Requirements