Sustainability & CSRD

Sustainability, ESG and CSRD are no longer options, but necessary conditions for a resilient future of companies. We are your partner in achieving your company’s sustainability goals and ambitions. Our aim is to provide high-quality advisory services and products that not only meet your business needs, but also contribute to a more sustainable world.

With our expertise, tailor-made solutions and dedication, we guide you towards a responsible, resilient and profitable future. Your success is our success, and we are committed to working with you to make a positive change for your business and society as a whole.

Why Sustainability & CSRD?

CROP Sustainability & CSRD helps companies that need to comply with legal regulations such as the CSRD, companies that want to become more future-proof and organisations that want to make their own impact on improving the living environment of people and society. Whether it is about saving energy, deposit on cans, equal wages for men and women or complying with new legislation.

Our specialists support your organisation in all steps of the sustainability process, from strategy & policy, implementation and monitoring to reporting (see ESG consulting) and external auditing (see CSRD assurance).

CSRD guidelines

Starting from financial year 2027, the Corporate Sustainability Reporting Directive (CSRD) will apply and companies – meeting specific criteria – will have to report on their impact on the environment and social conditions in a separate annual report.

The CSRD has formulated twelve standards – the European Sustainability Reporting Standards (ESRS) – with hundreds of ‘Disclosure Requirements’ that companies must comply with. These standards are categorised by Environment, Social & Corporate Governance (ESG). From CO2 emissions to energy consumption and from fair remuneration to an inclusive human resources policy.

This Sustainability Reporting Directive replaces the existing Non-Financial Reporting Directive (NFRD), and requires organisations to do a broad risk analysis and report on their impact on people and the environment.

Recently, the European Commission presented the Omnibus proposal, which aims to modify and slim down several sustainability directives. This proposal has significant implications for the CSRD:

• Two-year delay in reporting (originally 2025).
• Smaller group of reporting companies: only companies with more than 1,000 employees will remain CSRD liable (originally all large companies).
• Less strict control: the control of reports by auditors or other specialists will become less strict.
• Reduced chain reports: Companies only have to request data on sustainability in the chain from direct business partners (Tier-1) and up to a maximum of the voluntary standard (VSME).
• Planned reduction of ESRS data points.
• No sector-specific standards.
• Limited assurance by auditors is not adjusted to reasonable assurance in the long run.

Although the Omnibus proposal is merely a proposal, it is important for all companies to consider the following aspects from the CSRD:

• Dual materiality analysis (DMA): Which sustainability topics are relevant to your business?
• Value chain analysis: Where in your chain are the biggest ESG impacts, risks or opportunities?
• Stakeholders: Understand what customers, employees and suppliers expect from your company in terms of sustainability.

This is what we can do for you

ESG consulting

Need help implementing your sustainability strategy? Whether it concerns policy documents, kpi’s, dual materiality or tooling. Our specialists will help you further.

More information

CSRD assurance

To increase the reliability of sustainability information and reporting, you can have it audited. For this, you can bring in ESG and CSRD assurance.

More information

Frequently asked questions on sustainability & CSRD

Want to know more about sustainability, ESG or CSRD? Below you will find answers to the most frequently asked questions surrounding these terms. Click on one of the questions below to read the explanation.

What does ESG mean?

ESG stands for Environmental, Social & Governance.

What is CSRD?

The Corporate Sustainability Reporting Directive (CSRD) is a new EU directive aimed at increasing the transparency of sustainability information from companies – that meet certain criteria – and expanding their reporting obligations. Companies will be required to report on their environmental, human and social impact in their management report and have this information verified by an external assurance provider. The CSRD should ensure greater consistency, comparability and reliability of non-financial information reported by listed companies and large corporations, thus contributing to sustainable growth and investments within the EU. This reporting requirement was supposed to come into effect for reporting year 2025, but has been delayed by 2 years with the recently approved stop-the-clock proposal from omnibus.

 

Under which criteria are you required to comply with the CSRD?

Current: EU companies that meet 2 of the 3 following criteria for two consecutive years qualify for the CSRD: > €50 million turnover; > €25 million assets; > 250 employees.

Omnibus proposal: only companies with more than 1,000 employees and a turnover of > €50 million or a balance sheet total of > €25 million are required to report.

What is the difference between ESG and CSRD?

In particular, ESG provides a framework for companies to assess and improve their sustainability efforts, while CSRD sets specific requirements on how these efforts should be reported.

Is your question not listed here? Ask your question using the button below and we will get back to you as soon as possible.

Contact us

Would you like to know more about Sustainability & CSRD at CROP? Then contact us to discuss the possibilities. You can reach us via the contact form on this page or contact one of the specialists shown below directly.

Your Sustainability & CSRD partners