LEIFLYTICS

CSRD Compliance Checklist

EW

Emma Williams

Compliance Lead

18 min read

Updated 2024-12-10

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CSRD Compliance Checklist

The Corporate Sustainability Reporting Directive (CSRD) requires comprehensive ESG disclosures for companies operating in the EU.

Who Must Comply?

Phase 1 (FY 2024, reports in 2025):

  • Companies already subject to NFRD

    • Phase 2 (FY 2025, reports in 2026):

  • Large companies meeting 2 of 3 criteria:

    • - €50M+ net turnover

    - €25M+ total assets

    - 250+ employees

    Phase 3 (FY 2026, reports in 2027):

  • Listed SMEs (with opt-out until 2028)
    • ESRS Standards Checklist
    Cross-Cutting Standards
  • [ ] ESRS 1: General requirements
  • [ ] ESRS 2: General disclosures
    • Environmental Standards
  • [ ] ESRS E1: Climate change
  • [ ] ESRS E2: Pollution
  • [ ] ESRS E3: Water and marine resources
  • [ ] ESRS E4: Biodiversity and ecosystems
  • [ ] ESRS E5: Resource use and circular economy
    • Social Standards
  • [ ] ESRS S1: Own workforce
  • [ ] ESRS S2: Workers in value chain
  • [ ] ESRS S3: Affected communities
  • [ ] ESRS S4: Consumers and end-users
    • Governance Standards
  • [ ] ESRS G1: Business conduct
    • Double Materiality Assessment

    CSRD requires a double materiality assessment considering:

    1. **Impact materiality**: Your impact on people and environment

    2. **Financial materiality**: How sustainability affects your business

    Key Deadlines

    | Phase | Applicable To | Reporting Year | Filing Deadline |

    |-------|---------------|----------------|-----------------|

    | 1 | NFRD companies | FY 2024 | 2025 |

    | 2 | Large companies | FY 2025 | 2026 |

    | 3 | Listed SMEs | FY 2026 | 2027 |

    LEIFLYTICS CSRD Features
  • Automated ESRS mapping
  • Double materiality assessment tool
  • Data gap analysis
  • XBRL tagging support
  • Audit-ready documentation

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