CSRD
Sustainability Reporting
The EU Corporate Sustainability Reporting Directive (CSRD) represents the most significant overhaul of corporate sustainability disclosure requirements in European history. Replacing the Non-Financial Reporting Directive (NFRD), CSRD mandates detailed sustainability reporting under the European Sustainability Reporting Standards (ESRS) framework, with mandatory third-party assurance. For maritime companies operating in or connected to the EU, CSRD compliance requires structured data collection, double materiality assessments, and digitally tagged (XBRL) sustainability statements.
What is CSRD?
CSRD entered into force in January 2023, replacing the NFRD with substantially expanded scope and reporting requirements. It applies to all large EU companies meeting at least two of three size criteria (>250 employees, >€50M turnover, or >€25M balance sheet), listed SMEs from 2026, and non-EU companies with >€150M EU turnover from 2028.
Companies must report across all 12 ESRS standards covering Environment (E1–E5), Social (S1–S4), and Governance (G1), as determined by a double materiality assessment. Reports must be included in the management report, digitally tagged in XHTML/XBRL format, and are subject to limited assurance initially—transitioning to reasonable assurance by 2028.
For maritime companies, CSRD brings specific considerations around vessel emissions reporting, port operations environmental impact, seafarer welfare disclosures, and supply chain due diligence across global shipping networks.
CSRD Timeline
ESRS Standards Overview
The European Sustainability Reporting Standards (ESRS) define the specific disclosures required under CSRD. Each standard covers a distinct sustainability topic, with applicability determined through the double materiality assessment.
Environmental Standards (E1-E5)
Climate change (E1), pollution (E2), water & marine resources (E3), biodiversity (E4), circular economy (E5). E1 is mandatory for nearly all companies; others subject to materiality.
Social Standards (S1-S4)
Own workforce (S1), workers in value chain (S2), affected communities (S3), consumers & end-users (S4). Covers seafarer welfare, labor rights, and community impact.
Governance Standard (G1)
Business conduct covering anti-corruption, lobbying, payment practices, and corporate culture. Applies to internal governance and supply chain oversight.
Cross-Cutting Standards (ESRS 1 & 2)
General requirements (ESRS 1) and general disclosures (ESRS 2) are mandatory for all in-scope companies. Define reporting principles, structure, and core disclosures.
Our CSRD Solutions
We help maritime companies navigate CSRD from initial readiness assessment through full compliance, with expert guidance on every aspect of sustainability reporting under the ESRS framework.
CSRD Readiness Assessment
Gap analysis of current reporting against ESRS requirements, identifying data gaps, system needs, and resource requirements for compliance.
- Current state assessment
- ESRS gap analysis
- Data availability mapping
- Implementation roadmap
Double Materiality Assessment
Structured assessment following EFRAG guidance to identify material sustainability topics from both impact and financial perspectives.
- Stakeholder identification & engagement
- Impact materiality analysis
- Financial materiality analysis
- Materiality matrix & documentation
ESRS Data Collection & Systems
Design and implementation of data collection frameworks, KPI definitions, and reporting systems to capture required ESRS datapoints across fleet and shore operations.
- Datapoint inventory & mapping
- Collection process design
- System integration planning
- Data quality controls
Sustainability Statement Drafting
Preparation of CSRD-compliant sustainability statements covering all material ESRS topics, ready for inclusion in the management report.
- Narrative & quantitative disclosures
- Policy and target reporting
- Action plan documentation
- XBRL digital tagging preparation
Assurance Readiness
Preparation for third-party limited assurance engagement, including internal controls, evidence documentation, and auditor liaison support.
- Internal control framework
- Evidence & documentation review
- Pre-assurance dry run
- Auditor coordination support
Maritime-Specific ESG Advisory
Tailored advisory on maritime sustainability topics including vessel emissions reporting, seafarer welfare metrics, ship recycling, and port community impact.
- Fleet emissions integration (CII, AER)
- MLC 2006 social metrics
- IHM & ship recycling alignment
- Port & community impact assessment
Frequently Asked Questions
Common questions about our CSRD Reporting services and compliance requirements.
Yes, the Corporate Sustainability Reporting Directive (CSRD) applies to large EU companies meeting two of three criteria: over 250 employees, EUR 50M turnover, or EUR 25M balance sheet. Listed SMEs must report from 2026, and non-EU companies with over EUR 150M EU turnover from 2028.
Related Solutions
Services that complement CSRD Reporting for comprehensive maritime compliance.
Double Materiality
CSRD-mandated double materiality assessment including stakeholder engagement, impact analysis, and ESRS reporting scope definition.
Learn moreCarbon Footprint
Scope 1-3 fleet emissions inventory, carbon footprint baseline, science-based target setting, and reduction strategy development.
Learn moreEU Taxonomy
EU Taxonomy eligibility screening, technical criteria assessment, taxonomy KPI calculation, and green finance advisory for shipping.
Learn moreReady for CSRD Compliance?
With CSRD reporting deadlines approaching and assurance requirements escalating, early preparation is essential. Get expert guidance on building your maritime sustainability reporting framework.