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Corporate Sustainability Reporting Directive (CSRD)


Get ready for CSRD compliance!

The year 2024 marks a decisive turning point for many companies in the EU with regards to sustainability as the Corporate Sustainability Reporting Directive (CSRD) requires them to publish data on the impact of their business activities on the environment and society in a sustainability report for the first time.

Which companies are required to report?

More than 50,000 companies within and outside the EU will be subject to the reporting obligation under the CSRD in the coming years.

Even if the CSRD does not initially apply to them, SME‘s can still already be affected today if larger companies, which already have to report according the CSRD and in whose supply and transport chain the SME‘s are involved in, request data and information from them.

In addition, non-EU companies with a turnover of more than €150 million within the EU and with EU branches or EU subsidiaries are also affected by the CSRD.

Where does the CSRD come

The introduction of the CSRD resulted from the EU’s European Green Deal and the growing global trend towards more sustainability and responsible business practices. Supply and transport chains are an important lever for sustainable development and are therefore particularly considered in the reporting standards.

The European Sustainability Reporting Standards (ESRS) describe which indicators must be reported as part of the CSRD. They enable better comparability of companies, e.g. in the area of measuring and verifiably improving their sustainability performance, reducing environmental impacts, promoting social responsibility or increasing transparency in reporting.

Why do companies have to implement the CSRD?

Compliance with reporting obligations, in particular non-financial reporting, at the centre of which is sustainability reporting, is now a legal obligation imposed by the EU.

However, it can also be a strategic opportunity. Greater transparency within the company creates more trust among customers and investors. Companies that operate more sustainably benefit from a positive reputation, have an advantage on the labour market by attracting a more qualified workforce, can tap into new business opportunities and gain easier access to capital, e.g. for new investments

Our added value is the combination of tool-based calculations on the award-winning Sustainability Management Platform (SMP) and consulting from sustainability and regulatory experts.

How WAVES helps companies to implement the CSRD

We prepare and support companies effectively in the implementation of the CSRD in accordance with the ESRS.

WAVES helps companies to gain transparency about critical risks, impacts and opportunities in the supply chain so that they can fulfil the requirements of the CSRD with minimal effort and improve their sustainability performance.

We take the complexity out of the CSRD, save companies a lot of time and help them create auditable reports.

Our clients go through a 7-phase process for their CSRD reporting.

Our software is used to calculate reliable sustainability indicators. At the same time, our consultants ensure that the compiled data is prepared correctly, comprehensibly and in compliance with ESRS.

Discover more products

The award-winning Sustainability Management Platform offers comprehensive support for carbon footprinting and reporting of key sustainability indicators through its modular structure. For example, with “TAXONOFY”, you can perform an EU taxonomy-compliant assessment of your economic activities as part of the CSRD, while with “Sustainable Companies” you can calculate and report the corporate carbon footprint according to Scopes 1-3 of the Greenhouse Gas Protocol.


Sustainable Companies calculates the corporate carbon footprint and enables companies to report their sustainability KPIs towards stakeholders, reduce emissions and achieve climate neutrality in the long term.


The TAXONOFY software offers a step-by-step process to rate the share of sustainability of a company’s economic activities according to revenue, CapEx and OpEx according to the guidelines of the EU-Taxonomy.

Do you wish for consultation on the CSRD?

Would you like to receive individual consultation on the CSRD from our experts? Take a look at our various consulting services.

Do you wish for consultation on the CSRD?

Would you like to receive individual consultation on the CSRD from our experts? Take a look at our various consulting services.