CSRD reporting
made simple
driving data automation and collaboration
to ensure compliance.
CSRD reporting can be costly and time-consuming
estimated cost of non-compliance
average cost of assurance
data points to measure and report on
The CSRD Materiality Builder
Identify ESRS material topics, map them on a double materiality matrix, and export as PNG or Excel.
Here’s how CSRD compliance works with Sweep
Step 1
Perform materiality assessment
Conduct your double materiality assessment based on your industry sector.
Then, refine your financial impact and impact threshold limits, focusing your efforts on critical sustainability topics.
Step 2
Identify gaps and collect data
Check data availability and potential gaps, and streamline stakeholder engagement with surveys and file imports.
Improve governance by defining clear roles and responsibilities.
Step 3
Check and approve data points
Use an advanced validation workflow to accept or reject an entire survey or individual responses.
Include comments and documents to support answers and provide explanations.
Step 4
Monitor campaign progress
Keep track of your data collection and find any missing information.
Check each indicator’s status and take action. Send reminders to complete reporting campaigns.
Step 5
Run internal controls and audits
Identify and correct any errors, duplicates, and irregularities in your dataset.
Track all changes across the platform, make comments and add supporting documents.
Step 6
Submit CSRD report to authorities
Compile, export, and review your material indicators in the required reporting format.
Tag your indicators for machine-readable format suited for the ESAP platform.
“With the growing number of sustainability regulations (such as the CSRD) and stakeholder demands for transparency, companies are under pressure to accurately communicate their impact. By working with tech partners like Sweep, large organizations can streamline the collection, monitoring, and reporting of their data in one single place.”
The Sweep difference
- Dozens of spreadsheets
- Painful team collaboration
- Poor data quality
- Complex ESRS questions
- No campaign progress visibility
- Automated data collection
- Streamlined team collaboration
- Investor-grade data
- GenAI-based answer suggestions
- Real-time progress tracker
From reporting compliance to performance improvement
Sweep sets you up for success in your long-term sustainability journey.
Data
Simplify the handling of over 1000 indicators with robust data management, ensuring reliability and accuracy.
Governance
Facilitate teamwork with our collaborative features for streamlined information sharing and data validation.
Action
Identify improvement areas, set strategic changes and launch transition plans to improve your sustainability performance.
Organizations like yours are taking action today
Let’s make a difference together
What is the CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is a European Union regulation that requires approximately 7,000 companies (both EU and non-EU) to disclose standardized sustainability information within their annual and management reports. Adopted by the European Parliament, it replaces the Non-Financial Reporting Directive (NFRD) and transforms ESG disclosure from a voluntary corporate social responsibility activity into a binding legal obligation.
Companies in scope must report on environmental, social, and governance impacts, risks, targets, and sustainability performance, aligned with the European Sustainability Reporting Standards (ESRS), and submit all reported sustainability information for third-party assurance. Non-compliance can result in significant financial penalties, ranging from €5,000 in Ireland to up to €10 million or 5% of total annual turnover in Germany.
What is the scope of the regulation?
Following the latest Omnibus proposal, the CSRD scope has been revised. It now applies to:
- EU large companies and listed companies: European companies with more than 1,000 employees and a net turnover exceeding €450M.
- Non-EU companies: Non-EU entities generating €450M in EU net turnover, with a European subsidiary generating at least €200M.
Approximately 7,000 companies in the EU and beyond will need to comply, with the directive being phased in from 2024 to 2029.
What are the main CSRD requirements?
The directive changes sustainability from a voluntary corporate social responsibility activity to a legal and financial mechanism. To achieve CSRD compliance, companies must:
- Conduct a double materiality assessment to identify material sustainability matters
- Report on climate risks, climate change impacts, and broader environmental and social issues
- Disclose social and governance data, including human rights considerations and impacts on affected communities
- Align all sustainability disclosures with the European Sustainability Reporting Standards (ESRS)
- Integrate sustainability information within annual and management reports, digitally tagged for the European Single Access Point
- Submit all reported sustainability information for third-party assurance (starting with limited assurance, transitioning to reasonable assurance over time)
What is double materiality?
Double materiality requires organizations to assess both the impact of sustainability issues on their financial performance and the impact of their business activities on the environment and society.
- Impact materiality (inside-out): how the company’s operations, products, and business relationships (including indirect value chain relationships) affect the environment, society, and people.
- Financial materiality (outside-in): how sustainability risks and opportunities (such as climate risks or resource scarcity) affect the company’s financial performance and business model.
A sustainability topic is considered material if it meets either threshold and must be disclosed accordingly under the European Sustainability Reporting Standards (ESRS). All companies in scope of the CSRD are required to complete a formal double materiality assessment to determine which sustainability matters to report on. This assessment is also the foundation for identifying relevant data collection needs across the value chain.
How does Sweep help you achieve CSRD compliance?
Sweep offers a dedicated CSRD module with a pre-configured library of indicators aligned to ESRS standards, a double materiality assessment tool, data collection questionnaires, gap analysis dashboards, and an AI-assisted report generator. The platform automatically updates as reporting standards evolve, so your sustainability reporting stays compliant with the latest CSRD requirements — without manual rework.
Are the simplified ESRS standards available in Sweep?
Yes. For every data point, Sweep clearly shows the new ESRS requirements and what has changed from the previous version. Our teams closely monitor regulatory developments – as soon as standards are updated, the platform adapts automatically, keeping your CSRD reporting current.
What other reporting standards does Sweep support?
Sweep supports multi-framework sustainability reporting, including CSRD/ESRS, CDP, GRI, ISSB/IFRS S1 & S2, EU Taxonomy, and SBTi-aligned target setting. Enter your ESG data once, and it is automatically mapped across all frameworks – eliminating duplicate data collection and streamlining the entire reporting process.
How does Sweep integrate with existing systems?
Sweep supports multiple integrations including REST APIs, middleware connectors, SFTP, and direct connections to common ERP and financial systems. The platform’s Smart ETL engine can ingest, map, and transform sustainability data from virtually any source, acting as a centralized data fabric for all financial and sustainability information across your organization.