CSRD Readiness Checklist

Company: _______________________

Assessment Date: _______________________

Target Compliance: _______________________

⏰ CSRD Timeline Reminder

2025: Large EU companies (500+ employees) - Report on 2024 data
2026: Large companies (250+ employees) - Report on 2025 data
2027: Listed SMEs - Report on 2026 data
2029: Non-EU companies with €150M+ EU revenue - Report on 2028 data

📋 Phase 1: Scoping & Assessment

Confirm CSRD ApplicabilityHIGH

Verify if your company meets the thresholds: 250+ employees, €50M+ revenue, or €25M+ assets (must meet 2 of 3)

Determine Reporting TimelineHIGH

Identify which year you need to start reporting based on company size and type

Identify Applicable ESRS StandardsHIGH

Review which of the 12 ESRS standards apply to your business (ESRS 1 & 2 are mandatory)

Map Existing ReportingMEDIUM

Document current sustainability reporting, ESG initiatives, and data collection processes

🎯 Phase 2: Double Materiality Assessment

Conduct Impact Materiality AssessmentHIGH

Identify how your business impacts environment and society (inside-out perspective)

Conduct Financial Materiality AssessmentHIGH

Identify sustainability risks and opportunities affecting your business (outside-in perspective)

Engage StakeholdersMEDIUM

Survey employees, customers, suppliers, investors on material topics

Document Materiality MatrixMEDIUM

Create visual representation of material topics ranked by impact and financial significance

📊 Phase 3: Data Collection Setup

Map Data RequirementsHIGH

List all data points required for each applicable ESRS standard

Identify Data GapsHIGH

Compare required data with currently available data to find gaps

Establish Data Collection ProcessesHIGH

Create systems for ongoing collection of environmental, social, and governance data

Set Up Carbon AccountingHIGH

Implement Scope 1, 2, and 3 emissions tracking systems

Define KPIs and TargetsMEDIUM

Establish measurable sustainability targets aligned with ESRS requirements

🏢 Phase 4: Governance & Controls

Assign CSRD OwnershipHIGH

Designate responsible team or individual for CSRD compliance

Establish Board OversightHIGH

Ensure board understanding and oversight of sustainability matters

Implement Internal ControlsHIGH

Create controls for sustainability data similar to financial reporting controls

Document Policies & ProceduresMEDIUM

Create formal sustainability policies and reporting procedures

💻 Phase 5: Technology & Systems

Evaluate ESG Software SolutionsMEDIUM

Research and select appropriate sustainability reporting software

Integrate Data SystemsMEDIUM

Connect sustainability data with existing ERP, HR, and financial systems

Set Up XBRL TaggingLOW

Prepare for digital reporting format requirements (required from 2026)

📝 Phase 6: Reporting & Assurance

Create Reporting TemplateMEDIUM

Develop standardized format aligned with ESRS disclosure requirements

Conduct Dry RunMEDIUM

Complete practice report using current year data to identify issues

Select Assurance ProviderHIGH

Choose qualified auditor for limited assurance (mandatory from start)

Prepare for AssuranceMEDIUM

Organize documentation and evidence for third-party verification

👥 Phase 7: Training & Change Management

Train Board & LeadershipHIGH

Ensure executives understand CSRD requirements and implications

Train Finance & Sustainability TeamsHIGH

Build expertise in ESRS standards and reporting requirements

Educate Data ProvidersMEDIUM

Train employees who will collect and input sustainability data

Communicate ChangesLOW

Share CSRD journey and importance with all stakeholders

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