SGS Launches New Suite of CSRD and ESG Reporting and Assurance Services
Testing, inspection and certification company SGS announced today the launch of a new suite of services aimed at supporting companies with Corporate Sustainability Reporting Directive (CSRD) compliance and ESG reporting and disclosure.
The new services, which include CSRD Pre-Assurance, ESG Disclosures & Sustainability Report Assurance, and ESG KPI Verification & Assurance for part of SGS’ broader sustainability offering, IMPACT NOW.
The CSRD is a major update to the EU’s sustainability reporting framework, significantly expanding the number of companies required to provide sustainability disclosures to over 50,000 from around 12,000. Based on new underlying European Sustainability Reporting Standards (ESRS), the CSRD introduces more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk.
SGS’ new CSRD Pre-Assurance service provides a “dry run” for companies looking to identify gaps and weaknesses and strengthen their CSRD reporting approach, with features including a gap analysis of processes and disclosures against the ESRS requirements, feedback on aligning data points, ESG targets and reporting processes, a comprehensive review of reporting structure, and a detailed pre-assurance report.
Through the new ESG Disclosures & Sustainability Report Assurance service, SGS provides companies looking to publicly disclose ESG information with independent verification, validation and assurance, ensuring that ESG data is accurate and consistently aligned with reporting and assurance standards.
The new ESG KPI Verification & Assurance service independently validates the metrics and targets in ESG disclosures, enabling companies to bolster investor and stakeholder confidence, and supporting due diligence, risk assessment, and sustainable finance decisions.
Géraldine Picaud, CEO of SGS, said:
“With the launch of our IMPACT NOW suite, we are providing organizations with innovative solutions to navigate CSRD compliance and enhance ESG reporting. This trio of services offers the clarity and confidence businesses need to address sustainability challenges, meet regulatory expectations and contribute positively to a more sustainable future.”