Beyond CSRD
The Corporate Sustainability Reporting Directive (CSRD) has entered into force and is currently being incorporated into EU members states’ national legislation. The directive obliges companies to publish a sustainability report as part of its annual report. The report must contain information about impacts, risks and opportunities concerning environment, social and governance matters that are material for the company.
The Swedish government estimates that 1.600-2.000 large-, hundreds of listed small and medium- and 140 financial companies are covered. The costs are estimated between SEK 6-8 million for the largest companies per year, as well as SEK 3 million in one-off costs.
As part of the European Union’s Green Deal, CSRD was developed. A comprehensive package of legislation requiring companies to report on approximately 3400 data points, which risks using up large resources from companies. Therefore, we created Beyond CSRD. Beyond CSRD significantly shortens the path to the company's sustainability report. The tool is data-driven, comprehensive, resource efficient, and provides a concrete overview that can be used directly in the Annual Report.
Beyond CSRD provides the basis for business-driven value creation over time. In which segments and how can the company’s sustainability become profitable? A materiality analysis based on Beyond CSRD provides a basis for decisions.
BeyondCSRD is a software built to shorten and simplify companies’ path to due diligence. The law has been transformed into easy surveys, with help texts and support for ease of use. The surveys collect all data needed to fulfill the disclosure requirements of the ESRS and CSRD. The surveys can be internally distributed between staff as well as externally for stakeholders to contribute with data. Progress is easily surveyable, with a clear overview of what data is missing, exemplified below. The materiality analysis needed to determine what parts of CSRD are relevant to your company are also part of the software.
Picture shows the analytics part of Beyond CSRD, a full spider web indicates a completed report according to materiality assessment.
Key insights are presentable and enable transparent and inclusive reporting, with figures to show progress to external stakeholders such as customers and investors. The conclusions are clearly visualized, which provides and overview to feed into strategic decision making. The tool offers a mapping of the sustainability landscape, as well as a clear overview of status and where additional efforts may be required. Information and data driven insights can easily be extracted from the tool and shared with clients, investors, and other stakeholders. Additionally, it facilitates the process of addressing questions related to sustainability efforts.
Picture shows an example of analytics that are automatically created within the software, presentable for board members, external stakeholders and decision makers.
The tool collects all types of information, not only survey data, but also documents, photos, GPS coordinates, signatures and so on. The customized reports are generated automatically and provide real time data analysis and presentation.
The team at Beyond Intent and its tool BeyondCSRD shortens the path to achieve compliance. The company gets a continuous overview of legal compliance, but also areas of improvement and business benefit with the sustainability work (at a lower price than if it was done internally). Depending on need, specialized additional services in the form of, for example, materiality analysis and business-driven sustainability transitions can benefit the company’s market position.