CSRD E1 to E5 refer to specific environmental areas covered under the Corporate Sustainability Reporting Directive that companies need to address in their sustainability reporting:

• E1: Climate Change Mitigation – Reports on the company's efforts and performance in reducing greenhouse gas emissions and contributing to mitigating climate change.

• E2: Climate Change Adaptation – Details on how the company plans for and adapts to the effects of climate change, including vulnerability assessments and adaptation measures.

• E3: Water and Marine Resources – Information on the management of water resources and impacts on marine ecosystems, including water usage, wastewater treatment, and pollution prevention.

• E4: Resource Use and Circular Economy – Data on the consumption of raw materials and efforts towards achieving circular economy goals, focusing on waste reduction, recycling, and reusing materials.

• E5: Pollution – Reports on the types and volumes of pollutants released, including air, water, and soil pollution, as well as measures taken to reduce pollution and improve environmental protection.

Our consultancy provides comprehensive services to assist your company in achieving compliance with the CSRD E1 to E5 requirements. We help you conduct environmental audits, develop effective sustainability strategies, and implement robust reporting systems. Our team also supports you in preparing detailed compliance reports and provides ongoing consultancy to adapt to new regulations and standards.

The deadlines for CSRD compliance start from fiscal year 2024 for companies already under the non-financial reporting directive (NFRD) and from fiscal year 2025 for other large companies. SMEs linked to these companies may need to adapt sooner to meet requirements imposed by their business partners. Early preparation is key to ensuring that your company meets these deadlines effectively.

While the CSRD primarily targets large companies and public interest entities, its implications for SMEs cannot be ignored. SMEs may not be directly required to comply with all CSRD mandates, but as suppliers or partners to larger companies that must comply, understanding and partially aligning with these practices can be crucial. It ensures that SMEs can continue to do business with large companies that are obligated to adhere to these sustainability standards.

Engaging with CSRD E1 to E5 practices allows SMEs to:

• Strengthen Business Relationships: By aligning with environmental standards, SMEs can maintain and grow relationships with larger companies that require compliance along their supply chain.

• Enhance Brand Reputation: Demonstrating a commitment to sustainability can improve brand perception among consumers, investors, and potential business partners.

• Access New Markets: Compliance with recognized standards opens up opportunities in markets where sustainability credentials are increasingly important.

• Improve Efficiency and Reduce Costs: Adopting practices such as energy efficiency and waste reduction can lead to significant cost savings.

The time required to become CSRD compliant varies by company, depending on existing practices and the complexity of necessary changes. Typically, it can take from several months to over a year. We offer an initial assessment to help determine a realistic timeline for your company.

The cost of our consultancy services depends on the size of your company, the scope of required services, and the complexity of your operations. We provide an initial consultation to understand your needs and subsequently offer a customized quote. We ensure our services are accessible and provide significant value to SMEs too.