Ensure Customers meet the Regulatory Compliance & Management Requirements of CSRD end to end
ESRS MODULE
A Complete ESRS compliance and reporting tool on a single platform
COMPANIES WHO MUST COMPLY WITH ESRS/ CSRD
- Large companies (two or more):
- €40 million in net turnover
- €20 million in assets
- 250 or more employees
- Listed on EU-regulated markets
- Non-EU parent companies with a cumulative group turnover in the EU greater than €150 million
- Subsidiaries of EU companies
- Non-EU companies supplying goods or services to EU companies
The new ESRS Standards effective 1 January 2024 present various challenges for Business
Data-Heavy
& Voluminous
Requirements
Complex Tracking
& Progress
Monitoring
Mandatory
XBRL
Reporting
To address these challenges, Businesses must
Invest in advanced data management and reporting systems
Leverage real-time monitoring tools
Invest in XBRL reporting solutions
Enhance training and awareness among management
Seek expert consultation to navigate these complexities
Ethica’s solution to overcoming the challenges presented by the ESRS
ETHICA’S ESRS MODULE
A COMPLETE ESRS COMPLIANCE AND REPORTING TOOL ON A SINGLE PLATFORM
Why Ethica?
Ethica is a bespoke digital ESG reporting system uniquely that integrates every aspect of ESG management to provide you a leading, comprehensive solution that meets your overall ESG aspirations
Key Benefits & Value of using Ethica’s ESRS module
Seamless Compliance with the CSRD / ESRS
Ethica’s ESRS Module offers a comprehensive solution for ESG monitoring and reporting, designed to comply with the Corporate Sustainability Reporting Directive (CSRD) and relevant regulatory frameworks. Simplifying CSRD compliance by providing intuitive ESRS-compliant questionnaires, outputs, and advanced reporting capabilities.
Factoring in Double Materiality Assessments (DMA), we assists organisations in determining the ESRS disclosures applicable to them, informing overall reporting and compliance. This functionality enables you to delve deeply into the material impacts of sustainability factors on overall business operations, aligning seamlessly with ESRS requirements.
Enhanced Reporting Capabilities
The Ethica ESRS module leverages a compliant, structured data collection process that ensures accurate and reliable ESG data.
Offering multiple built-in reporting types, this tool generates:
- Detailed and summarised compliance reports,
- Management dashboards,
- XBRL-tagged reports for regulatory compliance, and
- Comprehensive untagged reports for business use.
We have automated the complete reporting process in this module to collectively improve the accuracy, efficiency, and effectiveness of ESG reporting.
Strategic Insights for Decision Making
Our platform provides management with customised dashboards, reports and strategic insights that highlight:
- Key risks and areas of concern for proactive strategic planning and decision making,
- Compliance score indicators to track sustainability goals
- Trend analysis’ to spot emerging risks and trends in previous and current year ESG performance, allowing for proactive mitigation strategies.
Additionally, this tool delivers risk management insights at the executive and board level, enabling informed decision-making and strategic alignment for long-term success.
Dashboards for Oversight & Monitoring
The ESRS module features real-time monitoring and oversight dashboards that provide up-to-date information on ESG performance and compliance status.
These dashboards offer:
- Continuous visibility into key metrics and indicators, allowing directors and senior executives to easily measure compliance, track progress, and identify potential issues as they arise.
- Drill down capabilities which allow users to investigate problem areas to understand underlying issues and trends across the multiple ESRS components.
These features enable proactive management of ESG compliance and performance by providing timely insights and alerts, enhancing overall ESG management.
Seamless XBRL Reporting
Our platform provides management with customised dashboards, reports and strategic insights that highlight:
- Key risks and areas of concern for proactive strategic planning and decision making,
- Compliance score indicators to track sustainability goals
- Trend analysis’ to spot emerging risks and trends in previous and current year ESG performance, allowing for proactive mitigation strategies.
Additionally, this tool delivers risk management insights at the executive and board level, enabling informed decision-making and strategic alignment for long-term success.
Key Features
Compliance and Risk Management
ESRS Compliance Questionnaire
and Status Tracking
Our platform gathers data using a comprehensive input questionnaire meticulously aligned with ESRS standards, which encompasses a wide range of ESG-related topics and metrics, as specified by the ESRS.
This module leverages automation to process the collected data, using algorithms and system validation rules, such as date fields, numeric values, and dropdown options to assess compliance levels against ESRS standards. This minimises the risk of overlooking critical data points and enhances the reliability of compliance evaluations.
Embedded Reporting Capabilities
XBRL-Tagged &
Untagged Reports
The ESRS Ethica Module supports XBRL (eXtensible Business Reporting Language) reporting, providing standardised, machine-readable reports that enhance data accuracy and facilitate easier sharing and comparison of ESG data. Our platform also provides untagged versions of the full output report for internal business use.
These reporting capabilities have been integrated within the Ethica platform providing real time reports directly from the system, simplifying the reporting process and ensuring consistency.
Comprehensive Reporting
Detailed Reports with
in-depth insights
The ESRS module offers a suite of reporting functionalities, including detailed, compliant reports. These reports provide a comprehensive overview of ESG performance, presenting all collected data and compliance assessment results in a structured format.
This features allows organisations to delve into the specifics of ESG performance and compliance, facilitating thorough analysis and review. This enhances communication and transparency, fostering informed decision-making and stakeholder engagement.
Insightful Reporting
Real-Time Target Setting
and Monitoring Tool
Available as an add-on in our ESRS module is an advanced real-time metric / target setting and performance monitoring tool. This feature allows entities to set their ESG targets (e.g. GHG emissions) and capture actual performance data within the system – providing automated variance calculations to pre-empt whether a target will be met, all presented on dynamic visuals to provide insightful reporting.
The intuitive interface and robust analytical capabilities encourage transparency, accountability, and stakeholder engagement, strengthening overall ESG management.
Scalable, Cloud-Based Infrastructure
Handling Large Volumes
of Data with ease
The ESRS module is built on a scalable architecture that can handle large volumes of ESG data and accommodate growing data requirements over time, making it suitable for organisations of all sizes. Leveraging cloud technology, Ethica ensures that the reporting infrastructure can scale seamlessly, offering enhanced storage, processing power, and accessibility.
Overall, best positioned to support expanding ESG initiatives and accommodate increased data processing needs.
Our 4-step process to deploy the Ethica ESRS module in your organisation comprehensively and seamlessly
Initial
Assessment
Evaluation
Assess entities’ double materiality assessment to identify significant impacts,
risks, and opportunities, creating a tailored approach.
Standardization
Agreement
Customisation
Together, determine and agree on ESRS topics and other reporting requirements that best fit
your business needs.
Reporting
Configuration
Alignment
Configure our platform to align reporting outputs with business expectations, including compliance reports, management dashboards, and XBRL-tagged reports.
Implementation
and Evolution
Deploy, Train, and Enhance
Following implementation, we provide comprehensive training and ongoing support, ensuring Ethica evolves alongside your growing ESG maturity.
Our EAS Advisory practice offers extensive support for comprehensive ESG reporting
With a team that is best suited to walk the ESG compliance journey with you, giving you hand-in-hand guidance to achieving an ESG solution that meets your overall business aspirations
Value Chain Guidance
EAS provides comprehensive guidance on ESRS value chain considerations to help companies assess sustainability impacts across their entire value chain, from sourcing raw materials to end-of-life product disposal, which is a requirement for the ESRS reporting disclosures.
Double Materiality Assessment
Our advisory practice conducts double materiality assessments (DMA) to unpack both the financial and non-financial impacts of your operations on both the business and its stakeholders, ensuring that all perspectives are considered in the materiality determination process – empowering you to address identified material issues effectively.
Greenhouse Gas (GHG) Emissions Calculations
At EAS, we offer expertise in calculating greenhouse gas (GHG) emissions to assist companies in managing their environmental footprint. Our digital solution also offers an embedded tool to track your metrics and targets across scopes 1, 2 and 3, enabling you to accurately measure and track your business emissions.
ESRS Implementation Guidance
EAS provides tailored ESRS implementation guidance to support companies in integrating sustainability practices into their operations. From gathering inputs to generating compliant reports, we will provide ongoing support, enabling companies to achieve long-term success in their sustainability endeavors.
Insights
Introducing Ethica’s ESRS Module
Introducing the CSRD
Double Materiality Assessments
Carbon Border Adjustment Mechanism
Article
Introducing the ESRS
Article
ESRS Applicability & Timelines
Article
Key Requirements of the ESRS
Article
ESRS VC Considerations
Article
Implications on non-EU companies
Article
CSRD & the Green Deal
Article