CSRD Software

Navigating the complexities of double materiality assessment (DMA) can be daunting for sustainability professionals. The process involves identifying and evaluating the impacts of a company's activities on both financial performance and broader environmental and social factors. This dual focus often requires extensive data collection, stakeholder engagement, and rigorous analysis, which can be time-consuming and resource-intensive. Nasdaq Sustainability and Climate Advisory can support you through your double materiality assessment (DMA), providing expert guidance and tools to streamline the process and ensure comprehensive, accurate evaluations.

Understanding how your sustainability efforts compare to industry peers is crucial for identifying areas of improvement and setting realistic goals. However, conducting a thorough gap analysis and benchmarking against competitors can be challenging without the right tools and data. Nasdaq Sustainable Lens® can support companies with comparative insights and gap analyses, offering a clear view of where you stand relative to others in your sector. This solution helps you pinpoint specific areas for enhancement and develop strategies to close performance gaps effectively.

Integrating diverse data sources and ensuring they align with the requirements of the Corporate Sustainability Reporting Directive (CSRD) can be a significant hurdle. Sustainability professionals often struggle with disparate data systems, inconsistent metrics, and the need for real-time updates. Nasdaq Metrio™ can integrate your DMA metrics and allow you to develop a CSRD-aligned report, simplifying the data consolidation process and ensuring that your reporting is accurate, consistent, and compliant with regulatory standards.

The review and sign-off phase of CSRD reporting is critical for ensuring the accuracy and credibility of your disclosures. This stage often involves multiple stakeholders, including third-party auditors, which can lead to delays and increased complexity. Nasdaq Metrio’s transparent and robust validation and verification capabilities facilitate efficient third-party audit and CSRD report review, streamlining the process and providing confidence in the integrity of your data.

Once your CSRD report is finalized and approved, the next step is to ensure it is correctly tagged and submitted to regulatory bodies. This final stage can be intricate, requiring precise XBRL tagging and adherence to submission protocols. Nasdaq Metrio allows you to export your final, approved CSRD report and share it for final XBRL tagging and submission to regulatory bodies, ensuring compliance and reducing the risk of errors in the reporting process.