Just as I was starting this job, Cooley put out an awesome alert – with a set of great graphics – noting how the initial disclosures made voluntarily under the CSRD look.
The top takeaways include:
- Sustainability matrices are not the only way to present the outcomes of a double materiality assessment.
- Scope 3 greenhouse gas emissions were universally disclosed.
- Half of the reports reviewed included additional entity-specific topics.
- There is a significant shift in approaches to materiality toward an objective, evidence-based approach.
- Stakeholder engagement is critical to the double materiality process, but surveys alone are not the answer.
- Of the undertakings, 95% are using EFRAG’s “Implementation Guidance 3 – Datapoints” to run their gap analyses.
- Approximately 90% of the undertakings have started improving data quality controls.
- Many companies expect to rely on the phased-in period of required value chain information.
[View source.]
