Sustainability Studies & Carbon Emissions Statements

Sustainability studies identify areas within your organisation where processes can be optimised. Perpetual offers solutions that combine cost-effectiveness, efficiency, and environmental benefits. This helps our customers measure and report their environmental impacts, including greenhouse gas emissions. Understanding these processes helps identify ways of improving environmental performance and cutting costs.

The Corporate Sustainability Reporting Directive (CSRD) is a proposal by the European Commission to enhance the reporting requirements for companies on sustainability issues. The CSRD builds on the Non-Financial Reporting Directive (NFRD), which was introduced in 2014 and required larger companies to disclose information on environmental, social, and governance (ESG) issues in their annual reports.

The aim of the CSRD is to make sustainability reporting more consistent, comparable, and reliable across the European Union (EU). The proposal expands the scope of the NFRD by introducing mandatory reporting requirements for all large companies, including those listed on SME growth markets, and certain medium-sized companies. It also includes more specific reporting requirements for certain ESG issues, such as climate change, biodiversity, and human rights.

Under the CSRD, companies would have to report on a wider range of sustainability issues, including social and employee matters, human rights, and anti-corruption and bribery. The proposal would also require companies to report on their sustainability strategies and targets, and disclose their governance arrangements for sustainability.

The CSRD would introduce a digital format for sustainability reporting, using eXtensible Business Reporting Language (XBRL), which would make it easier for stakeholders to access and analyze the data. The proposal would also establish an EU-wide sustainability reporting standard, developed by the European Financial Reporting Advisory Group (EFRAG), to ensure consistency and comparability of sustainability reporting.

The CSRD more than quadruples the number of companies required to report on sustainability, from the 11,000 covered by the NFRD to the nearly 50,000 that will be covered by the CSRD.

Companies meeting two of the following three conditions will have to comply with the CSRD:

  1. €40 million in net turnover

  2. €20 million in assets

  3. 250 or more employees

In addition, non-EU companies that have a turnover of above €150 million in the EU will also have to comply.