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It’s a key pillar of the European Green Deal and replaces NFRD.
To comply with CSRD, businesses must conduct double materiality assessments, gather extensive sustainability data across all operations, and undergo independent audits. With reporting deadlines starting in early 2025, the most efficient and scalable approach to meeting these requirements is through dedicated software solutions.
Streamline Indicator and Metric Selection
The first step in CSRD compliance is conducting a double materiality assessment to identify material issues for your business that require disclosure.
This can be complex for pollution (E2), water (E3), and biodiversity (E4) and often means selecting new metrics to measure.
Natcap streamlines the selection of indicators and metrics for your business.
We automate the selection and compile indicators and metrics, categorised by ESRS standard and then labelled as ‘compliance’ or ‘best practice’. Where official guidance is insufficient, we identify suitable alternatives, ensuring all metrics are measurable, auditable, and repeatable.
Understand and communicate your data requirements
After identifying your organisation’s material indicators and metrics, you need to understand what data is required to measure those indicators and metrics and how much is already on hand.
Natcap makes it easy to see what data you need, what you have, and what data you are missing.
Nature-related metrics are often not part of business-as-usual data collection, plus, nature is highly location-specific. We provide an overview of the data required, including the type of data, descriptions, sources, and guidance on collection formats.
And where required, our team will conduct a gap analysis to determine what’s missing and help with collection.
Interpret and act with ease
To drive action in the right places, you need to understand the relative importance of metrics across your operations and supply chains. This requires the technical infrastructure to calculate and interpret indicators and metrics.
Natcap interprets and prioritises your metrics and indicators for you, so you can focus on strategy and driving action.
We calculate and collate each data point into one scalable platform, giving you visibility at site-level and aggregated portfolio-level. This is a cost-effective way to collect data and see a historical record, allowing you to monitor progress over time. It also allows you to disclose with ease.
We’ve partnered with IBAT so that you and your clients can access the world’s leading global biodiversity datasets natively in our platform.
As part of the ESRS E4 topical standard, all organisations will be required or advised to measure their proximity to biodiversity-sensitive areas.
You can now measure a range of different indicators and metrics that can only be assessed using IBAT’s data, directly in our platform, including:
As a Natcap user, you can access the World Database of Protected Areas, the IUCN Red List and the World Database of Key Biodiversity Areas.
Make measuring at scale for ESRS E4 simple and highly cost-effective.
If you’re unsure about what you need to do to get ready for CSRD or TNFD, we’re happy to help. From understanding the LEAP approach to what a double-materiality assessment is.
Reach out to one of the team
This guide details what you need to know about CSRD, what it means to you, and how Natcap can help.
