Reduce ESG Risks & Improve CSRD Reporting with Blancco

Take control of your ESG risks, impacts & opportunities

The European Union’s (EU) Corporate Sustainability Reporting Directive (CSRD) makes environmental, social, and governance (ESG) reporting mandatory for around 50,000 EU-focused organizations. 

These enterprises must now provide regular, standardized access to information about their ESG risks, impacts, and opportunities. The first phase of CSRD reporting for companies previously subject to the Non-Financial Reporting Directive (NFRD) begins in 2025. Reporting for all other organizations will follow in subsequent years. 

There is a short deadline to deliver an unprecedented amount of detail, and failure to comply could result in stringent financial penalties and possible prison sentences. 

Blancco’s data erasure solutions support compliance with this significant new legislation. 

Enterprises must reduce ESG risks and impacts  

Under the CSRD, organizations must disclose the material ESG risks and consequences arising from the creation and delivery of their goods or services. 

Critically, they must also report on these factors throughout the value chain, from pre-manufacture to end use. 

The organizing principle behind CSRD reporting is the European Sustainability Reporting Standards (ESRS) framework. The ESRS includes two cross-cutting standards (general standards that apply to all companies regardless of the sustainability topic) and ten standards based on topics such as climate change and the treatment of employees. 

How your company reports on these individual factors (via a mix of qualitative and quantitative data) depends on the “materiality” of the various risks, impacts, and opportunities in each standard. Some standards are more appropriate than others and the need for topical reporting is defined by the significance of the risks, impacts, and opportunities in each standard. 

To meet Corporate Sustainability Reporting Directive requirements, enterprises should, where possible, reduce the financial and societal materiality of their risks, impacts, and opportunities to the point where they are less material, or even immaterial. Secondly, enterprises must provide reputable data showing the steps they are taking and the concrete results stemming from their actions.

Download our solution brief to learn more.

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