From CSRD Reporting to Sustainable Business Outcomes - Seite 2

Combined with partner services for customer-specific data and reporting requirements, SAP Sustainability solutions can offer new levels of business insight for executive-level decision-making to help businesses reach their sustainability goals and comply with CSRD and other regulatory frameworks.

CSRD Toolbox

Companies operating in the EU face pressure from the expanding ESG regulations under CSRD to disclose their sustainability performance with a data granularity and auditability that - over time - will bring sustainability reporting on par with financial reporting. CSRD requirements will first impact large public-interest companies with over 500 employees that need to report in 2025 on 2024 ESG performance. Requirements cascade to small and midsize enterprises in coming years.

Under CSRD, companies will need to report based on the requirements of both the EU Taxonomy, which classifies sustainability disclosures for investors, and the European Sustainability Reporting Standards (ESRS), the disclosure rules set by the European Financial Reporting Financial Group (EFRAG), a standard-setting body of the EU. With SAP Sustainability Control Tower, companies can comply with both the EU Taxonomy and ESRS, gaining agility through the convergence of ESG data management and cloud ERP - and soon AI-driven business process optimization.

SAP Sustainability Control Tower: A Trusted ESG Data Foundation for EU Taxonomy and ESRS

With SAP Sustainability Control Tower, you can assess activities in line with the EU Taxonomy, reporting on KPIs for eligibility and alignment.

• Enable a holistic view of EU Taxonomy reporting through shared use of data
• Kick-start EU Taxonomy data management and reporting with pre-built and adaptable templates
• Simplify the EU Taxonomy process with integration with SAP S/4HANA Cloud
• Integrate customer or partner extensions via APIs

You can also streamline ESRS disclosures, integrating ESG data across systems and extending content and functionality.

• Gather ESG data and determine KPIs
• Meet evolving ESG and financial disclosure requirements including ESRS
• Set, track, and achieve targets to support sustainable business
• Obtain a limited external assurance and prepare for reasonable assurance

Act Now

Businesses need to start now to be prepared not only for CSRD compliance, but for gaining the insights to steer sustainability investments and future-proof long-term value.

For over 50 years, SAP has been enabling the world's leading businesses to master complexity, delivering the integration and innovation needed for industry-leading performance. With SAP Sustainability Control Tower and other cloud-driven innovations, SAP and its partners can help companies master CSRD as well and build the foundation for the evolution of their long-term sustainability strategies.