Identifying relevant sustainability data: Companies should identify and collect data related to environmental, social, and governance factors. This may include information on energy consumption, CO2 emissions, working conditions, diversity, and more.
Integrating sustainability into the business strategy: Companies should integrate sustainability into their business strategy and management processes. This involves identifying sustainability risks and opportunities and developing goals and initiatives to improve sustainability performance.
Implementing internal controls: Implementing internal controls and processes to ensure the accuracy and reliability of the collected data is crucial.
Adopting digital solutions: CSRD promotes digital reporting, so companies should consider investing in digital technologies and tools that make it easier to collect, manage, and present sustainability data.
Collaborating with experts: It may be helpful to work with experts in sustainability reporting and ESG data management to ensure that the company complies with the complex requirements of CSRD.