How to report in line with CSRD legislation

What is CSRD?

The EU Corporate Sustainability Reporting Directive (CSRD) replaces the existing Non-financial Reporting Directive (NFRD) and establishes wider ESG reporting requirements within a distinct section for the management report.

To comply with CSRD, companies will be required to report according to the European Sustainability Reporting Standards (ESRS) to prepare their ESG disclosure information.

Companies must report on topics which are deemed material across environmental, social and governance categories.

Who is the guidance for?

This guidance is designed for hotel companies which are looking to report on the sustainability of their business, both in terms of the impact on external environment and society, as well as external impacts on the business.

Reporting under CSRD will become mandatory in 2025, initially applying to entities already subject to NFRD. In the years following, the scope of businesses will widen to include certain small and medium companies, as well as third-country non-EU companies. Even if it is not yet mandatory for your business, it can be advantageous to report in line with CSRD recommendations as it is likely that provision of capital by banks and investors may increasingly become linked to compliance with CSRD reporting. In addition, even if your business is not directly in scope, your supply chain is likely to be impacted.

What’s included?

This guidance includes:

  • Introduction and background on the CSRD requirements
  • Recommended steps for those reporting in line with CSRD
  • Tips for best practice
  • Guidance on impact materiality assessments
  • Example of a social impact assessment framework