CFO and sustainability experts at your service in CSRD reporting

In Greenstep, experienced financial reporting and
sustainability experts come together

The EU’s Corporate Sustainability Reporting Directive (CSRD) requires companies to report in detail on their sustainability efforts as part of their annual reporting. This includes environmental, social, and governance (ESG) information. CSRD reporting helps companies show transparency and accountability to stakeholders such as customers, investors, and regulators.

At Greenstep, our combined team of sustainability and CFO experts can guide you through the CSRD requirements and help you take the necessary steps to comply.

Who needs to report under CSRD?

Companies in the so-called “first wave” were expected to prepare their first CSRD reports in 2025, covering the 2024 financial year. These were companies that had already been reporting under the previous framework (NFRD).

In spring 2025, the European Commission introduced the Omnibus package, which aims to simplify CSRD and reduce administrative burdens. As part of this, the Stop-the-Clock Directive postponed reporting obligations for companies in the second and third waves.

Now, the Omnibus I package was approved by the European Parliament on Tuesday, 16 December. From now on, CSRD reporting will apply to companies that:

  • Have more than 1,000 employees, and

  • Generate at least €450 million in annual revenue.

Get all the necessary services to support your company under one roof from us.

Greenstep’s unique service package brings together financial reporting and ESG reporting professionals into the same team.

Things to consider in CSRD reporting:

Sustainability as part of the annual report

In the annual report, a company provides information about its sustainability actions and progress over the past year. This may include details on energy usage, waste reduction efforts, employee engagement, and community involvement. The goal is to demonstrate the company’s commitment to sustainable development and achieving its objectives.

Double Materiality

Double materiality refers to the idea that companies need to be aware of their impacts on the environment and society while simultaneously understanding external environmental and social changes they face and the resulting economic sustainability impacts, including climate risks.

Limited Assurance

In the context of CSRD reporting, companies are required to obtain limited assurance from an external auditor for their sustainability report. Limited assurance provides a level of confidence regarding the information presented in the company’s sustainability report.

Consolidated CSRD Reporting

In the context of CSRD, companies within a group may be required to provide consolidated reporting, meaning that sustainability data from all group entities is combined into a single report. Consolidated reporting at the group level can provide a more comprehensive picture of the sustainability performance of the entire group, allowing for a more comprehensive view of the group’s ESG risks and opportunities.

ESRS Standards

ESRS standards refer to the technical standards within CSRD, which are specific requirements and guidelines that companies must follow when preparing and submitting their sustainability reports. The purpose of these standards is to ensure that the information presented in the reports is consistent, comparable, and reliable.

Digital Reporting

Digital reporting refers to the use of digital technology in preparing, publishing, and disseminating sustainability data in a machine-readable format. In the context of CSRD, digital reporting is mandatory for all companies falling within the scope of the directive.