CSRD verification for reliable sustainability reporting
The Corporate Sustainability Reporting Directive (CSRD) sets requirements for how companies report on sustainability matters. Organisations within scope must provide transparent and reliable information on environmental, social and governance (ESG) topics in accordance with the European Sustainability Reporting Standards (ESRS).
Independent verification helps ensure that reported sustainability information is accurate, traceable and supported by reliable data.
Normec Verifavia provides independent verification of CSRD-related sustainability information, helping organisations strengthen the reliability of their reporting and prepare for assurance requirements.
Our approach
Our verification focuses on the reliability, completeness and traceability of sustainability information. We review the underlying data, methodologies, processes and documentation used to prepare your sustainability disclosures.
The verification process consists of several steps:
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1.
Pre-engagement
We determine the scope and objectives of the verification and review the available information.
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2.
Planning
A verification plan is prepared based on your organisation, reporting scope and sustainability information.
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3.
Verification
Our auditors assess the reported data, supporting documentation and methodologies for accuracy, traceability and compliance.
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4.
Independent review
The findings undergo an internal technical review to ensure the verification process has been completed correctly.
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5.
Reporting
The results are documented in a formal verification statement.
Independent verification of your ESG information
CSRD places greater emphasis on the quality and reliability of sustainability information. Independent verification provides assurance over the information organisations use to communicate their environmental, social and governance performance.
Verification can cover areas such as:
- Greenhouse gas emissions and climate information
- Environmental performance data
- Governance information
- Due diligence processes
- Supply chain risks
- Other sustainability disclosures included in your report
What does this mean for your organisation?
Independent CSRD verification helps you:
- Improve the reliability of sustainability information
- Identify gaps or inconsistencies in ESG data
- Increase transparency towards stakeholders
- Prepare for external assurance requirements
- Strengthen internal sustainability reporting processes
- Support reporting in accordance with CSRD and ESRS requirements
Preparing for sustainability reporting requirements
European sustainability reporting requirements continue to develop. The scope and timing of CSRD obligations have also changed following recent EU legislative developments.
By preparing your sustainability data and reporting processes early, your organisation can identify potential gaps, improve data quality and be better prepared for independent assurance.
Want to learn more about CSRD verification?
Our experts can help you determine the appropriate verification scope for your sustainability reporting.
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Frequently asked questions about CSRD verification
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The Corporate Sustainability Reporting Directive (CSRD) is European legislation governing sustainability reporting by companies that fall within its scope. Reporting is based on the European Sustainability Reporting Standards (ESRS).
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CSRD verification is an independent assessment of sustainability information and the underlying data, methodologies and processes used to prepare that information.
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Independent verification helps determine whether sustainability information is reliable, traceable and supported by appropriate evidence. It also helps organisations identify gaps in their sustainability reporting.
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Verification can cover ESG information such as greenhouse gas emissions, environmental data, governance information, due diligence processes and supply chain risks.
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The process generally consists of defining the scope, planning the verification, assessing the relevant data and documentation, conducting an independent technical review and issuing a verification statement.
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Start by defining your reporting scope and ensuring that sustainability data, calculations, methodologies and supporting documentation are complete and traceable. This makes it easier to identify and address gaps before the formal verification begins.
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The EU has recently amended the application and scope of CSRD. The current Normec Verifavia CSRD page states that the requirements apply to EU companies with at least 1,000 employees and more than €450 million turnover, alongside specific requirements for certain non-EU companies with substantial EU activities. Because the legislation is evolving, organisations should confirm the current requirements that apply to their situation.