Collect, manage and report on your ESG data with IBM Envizi. Trusted globally by companies for over a decade.
IBM Envizi has been making it easier for companies to compile, review and report on large volumes of ESG data for major international reporting frameworks such as SASB, TCFD, the UN SDGs and GRI.
We support the European Sustainability Reporting Standards (ESRS) as a managed framework to help companies comply with the EU Corporate Sustainability Reporting Directive (CSRD) alongside all other reporting frameworks IBM Envizi currently serves.
Talk to us about how to start preparing your data now.
eBook and guide
The CSRD will require companies to report against the ESRS. Many of the disclosures required under ESRS are data intensive and will require companies to bring together thousands of data points to fulfill these disclosures.
This is how CSRD reporting software from IBM Envizi can help you meet your disclosure requirements.
Capture and manage data to support ESRS environmental disclosures, including GHG emissions, energy, waste, water, and recycling. Compile social and governance metrics and statements in IBM Envizi.
Functionality to support the calculation and reporting of Scope 1, 2 and all fifteen categories of Scope 3. IBM Envizi leverages AI and embedded emission factor libraries to accelerate Scope 3 calculation.
ESRS framework questions are embedded in IBM Envizi, along with workflow tools to ensure you stay on track to deliver on your reporting commitments.
ESG disclosures start as early as 2025 for some companies. These resources have been designed to help companies prepare today, ahead of upcoming CSRD compliance requirements.
Large listed banks, insurance and large companies already reporting under the Non-Financial Reporting Directive (NRFD).
All companies and their subsidiaries listed on EU regulated markets.
Large, private EU companies.
Non-EU companies with significant business in the EU.
For some companies, disclosure requirements start as early as 2025.
Non-compliance can result in financial and administrative penalties.
CSRD frequently asked questions
Large listed organizations, or undertakings
Any companies listed on an EU-regulated market exchange—except for ‘micro undertakings’ that fail to meet two of the following three criteria on consecutive balance sheet dates:
at least EUR 350,000 in total assets
at least EUR 700,000 in net turnover (revenue)
at least 10 employees (average) throughout the year
Companies already reporting under NFRD
EU-based large undertakings, listed or not
These include any listed or non-listed companies that meet two of the following three criteria on any two consecutive balance sheet dates:
at least EUR 20 million in total assets
at least EUR 40 million in net turnover
at least 250 employees (average) during the year.
‘Third-country’ undertakings
EU subsidiaries of of non-EU parent companies, with annual EU revenues of at least EUR 150 million in the most recent two years, and also own:
a large EU-based undertaking, or
an EU-based subsidiary with securities listed on an EU-regulated market exchange, or
an EU branch office with at least EUR 40 million in net turnover.
- Through 2024: requirements will be phased in after EU law is implemented into national law of EU member states
- January 1, 2024: effective date for law that will require companies that are already subject to NRFD to report on 2024 data (2025 year)
- January 1, 2025: effective date for the law that will require other large EU companies to start reporting (2026 reporting year)
- January 1, 2026: effective date for the law that will require listed small-to-medium enterprises to commence reporting
- January 1, 2028: effective date for the law when CSRD will apply for third-country companies (reporting year 2029)
Environmental
- Scope 1, 2, 3 emissions
- Climate risks
- Pollution, biodiversity and ecosystem impacts
Social
- Human rights
- Biodiversity
- Working conditions, EHS (environment, health and safety)
Governance
- Board diversity
- Ethics and corruption
- Stakeholder engagement
Cross-cutting
- General principals, strategy, governance and materiality assessment
All companies need to report general disclosures. For the topical standards, companies will only need to report on standards that are material. Reporting companies will need to conduct a 'double materiality' assessment to understand both how a company's operations impact people and the environment, and how sustainability-related developments impact the company.
Read the Verdantix "Green Quadrant: ESG Reporting and Data Management Software 2023" report.