EU CSRD and Taxonomy

CSRD Software – Why Excels Are Not Enough

CSRD software is an invaluable instrument for CSRD reporting. Old methods like Excel cannot fully meet the requirements of the European Sustainability Reporting standards under CSRD. When utilising Ecobio Manager software for CSRD reporting, you can streamline your reporting process through the parallel paths of double materiality assessment and data collection, taxonomy classification and KPI report to sustainability preparation and assurance.

CSRD software is a must in compliant reporting

CSRD expands the detail of reporting compared with the requirements defined under the NFRD. Furthermore, companies are required to report their sustainability information following the new European Sustainability Reporting Standards (ESRS). These standards define in more detail what companies need to report regarding their:

  • governance relating to sustainability impacts, risks and opportunities
  • impacts of sustainability-related risks and opportunities on the company’s strategy, business and financial planning
  • processes for identifying and assessing sustainability impacts, risks and opportunities
  • metrics and targets that are used to assess and manage sustainability risks and opportunities

These mandatory reporting standards aim to ensure that companies are fully transparent about their impact on people and the environment and the risks and opportunities to the companies arising from sustainability issues. The reporting standards will assist companies in communicating and managing their sustainability performance more efficiently as well as providing investors with information necessary to make more informed decisions based on sustainability criteria.

The CSRD and ESRS will change sustainability reporting across EU to be unified and standardised. By the law, the sustainability statement includes a company’s corporate sustainability (CSRD) and EU Taxonomy information.  

Our SaaS solution is your key to tackling this challenge! Ecobio Manager helps your company create its sustainability statement electronically with required digital-tagged information and deliver it to the national contact point of the European Single Access Point (ESAP). This will enable investors and other stakeholders to access comparable non-financial information from companies operating in EU/EEA.

Benefits of using CSRD software

A well-crafted CSRD software provides numerous advantages. Ecobio Manager’s streamlined process ensures a smooth reporting experience and helps navigate the CSRD reporting guidelines. Setting up a CSRD reporting system can account for 0.5% to 1% of a company’s turnover. Effective data collection and workflow can help save costs.

The following statements will help you determine the benefits of using a SaaS solution for your sustainability reporting. 

Integrate CSRD information into your company’s digital data ecosystem, such as Power BI.

  • Ecobio Manager saves your work creating effective data integration and transfer between the software and your company’s other information systems. 

Minimise the annual costs of external consultants.

  • Your company can save up to 50 % of the costs of sustainability reporting using CSRD software, such as Ecobio Manager, streamlining digital workflow, using previous reporting materials, and effective data collection. 

Collect data from various levels and sites across Europe.

  • Ecobio Manager collects data from various primary sources and consolidates it into one sustainability statement. 

Centralise your sustainability and financial data.

  • Ecobio Manager can integrate and combine sustainability and financial data from various accounting systems and process them into a uniform format for sustainability statements. 

Adjust to changes with ease.

  • Avoid costs. Changes in traditional information systems are costly. The best reporting software solutions, such as Ecobio Manager, are agile for acute modifications. 

Ready and tested software with current databases for CSRD and Taxonomy reporting.

  • Ecobio Manager is developed and tested by sustainability, taxonomy, and software professionals. 

Avoid manual data handling.

  • Ecobio Manager offers automation algorithms, streamlined seamless teamwork processes from double materiality to sustainability statement, up-to-date databases of technical screening criteria, legislation, reporting in the required format, archiving, progress reports, information delivery to the ESAP, and more. AI is supporting your reporting. 

Limit access to insider information.

  • Ecobio Manager provides the limitations needed to access rights. Only authorised users have access to financial data. 

Establish an in-house sustainability reporting, classification and reporting standard.

  • With Ecobio Manager, companies can create uniform in-house assessment and reporting standards and ensure compliance with legal requirements.   

Download Why You Should Consider CSRD Software PDF.

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Power of digitalisation for compliant CSRD Reporting

CSRD reporting mandates a digital approach from beginning, rendering manual efforts obsolete. Compliance with CSRD will require electronically tagged information and submission to the ESAP by the National Contact Point. ESAP is set to be operational in July 2027. Achieving CSRD requirements without specialised software is impossible. Enter Ecobio Manager: Your solution for seamless electronic tagging and ESAP delivery.

Streamline CSRD Reporting with Ecobio Manager

Ecobio Manager is a thorough solution for CSRD sustainability reporting, encompassing double materiality assessment, taxonomy classification, data collection, sustainability statement preparation, assurance, and streamlined delivery to publication. Designed by sustainability experts, Ecobio Manager ensures compliance with CSRD and ESRS standards, streamlining the reporting process.

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