EcoOnline Launches CSRD Sustainability Reporting Solution
Software provider EcoOnline announced the launch of a new Corporate Sustainability Reporting Directive (CSRD) assessment capability within the company’s ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. software solution.
According to the company, the new solution aims to simplify the process of collecting data for CSRD, covering European Sustainability Reporting Standards (ESRS) topics and standards, and allowing businesses to efficiently identify material risks, extract data-driven insights, and produce audit-ready CSRD-compliant reports.
Key features of the new solution include a calculation engine that selects, converts and computes greenhouse gas (GHG) emissions and CO2 equivalents, physical climate risk analysis, audit-ready workflows to assist CSRD preparers process of identifying material risks and managing data, data collection capabilities through a comprehensive question structure covering all ESRS standards, scenario analysis features incorporating insights from EcoOnline’s climate risk module to provide insights into transitional, financial, and climate risks across scenarios and time scales.
Bertrand Revenaz, VP Product, ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. & Data Intelligence at EcoOnline said:
“EcoOnline ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. software doesn’t just provide a place for customers to collect their CSRD data but makes it truly easy to get the answers.”
The new release follows the recent launch by EcoOnline of a free Sustainability Navigator Tool to guide business through their eligibility requirements for reporting obligations, including if there is a need to comply with CSRD.
