CSRD
Sustainability Reporting
The EU Corporate Sustainability Reporting Directive (CSRD) remains the core sustainability reporting framework, but its scope was significantly narrowed in 2026. At EU level, mandatory reporting is now focused on undertakings and parent groups that exceed both 1,000 employees on average and €450 million in net turnover, with higher thresholds also applying to third-country groups. For maritime companies that remain in scope, compliance still requires ESRS-based reporting, double materiality assessment, inclusion in the management report and digital tagging.
What is CSRD?
CSRD entered into force in 2023 and replaced the NFRD, but the legal framework was substantially amended in 2026. Under the amended EU framework, mandatory sustainability reporting is, as a general rule, focused on undertakings and parent groups that exceed both 1,000 employees and €450 million in net turnover, while listed SMEs are removed from mandatory scope and third-country thresholds are higher.
Reports remain ESRS-based, included in the management report and subject to limited assurance. The former requirement to move to reasonable assurance by 1 October 2028 has been removed, while the deadline for the Commission to adopt limited-assurance standards is 1 July 2027.
For maritime companies, CSRD brings specific considerations around vessel emissions reporting, port operations environmental impact, seafarer welfare disclosures, and supply chain due diligence across global shipping networks.
CSRD Timeline
ESRS Standards Overview
The European Sustainability Reporting Standards (ESRS) define the specific disclosures required under CSRD. Each standard covers a distinct sustainability topic, with applicability determined through the double materiality assessment.
Environmental Standards (E1-E5)
Climate change (E1), pollution (E2), water & marine resources (E3), biodiversity (E4), circular economy (E5). E1 is mandatory for nearly all companies; others subject to materiality.
Social Standards (S1-S4)
Own workforce (S1), workers in value chain (S2), affected communities (S3), consumers & end-users (S4). Covers seafarer welfare, labor rights, and community impact.
Governance Standard (G1)
Business conduct covering anti-corruption, lobbying, payment practices, and corporate culture. Applies to internal governance and supply chain oversight.
Cross-Cutting Standards (ESRS 1 & 2)
General requirements (ESRS 1) and general disclosures (ESRS 2) are mandatory for all in-scope companies. Define reporting principles, structure, and core disclosures.
Our CSRD Solutions
We help maritime companies navigate CSRD from initial readiness assessment through full compliance, with expert guidance on every aspect of sustainability reporting under the ESRS framework.
CSRD Readiness Assessment
Gap analysis of current reporting against ESRS requirements, identifying data gaps, system needs, and resource requirements for compliance.
- Current state assessment
- ESRS gap analysis
- Data availability mapping
- Implementation roadmap
Double Materiality Assessment
Structured assessment following EFRAG guidance to identify material sustainability topics from both impact and financial perspectives.
- Stakeholder identification & engagement
- Impact materiality analysis
- Financial materiality analysis
- Materiality matrix & documentation
ESRS Data Collection & Systems
Design and implementation of data collection frameworks, KPI definitions, and reporting systems to capture required ESRS datapoints across fleet and shore operations.
- Datapoint inventory & mapping
- Collection process design
- System integration planning
- Data quality controls
Sustainability Statement Drafting
Preparation of CSRD-compliant sustainability statements covering all material ESRS topics, ready for inclusion in the management report.
- Narrative & quantitative disclosures
- Policy and target reporting
- Action plan documentation
- XBRL digital tagging preparation
Assurance Readiness
Preparation for third-party limited assurance engagement, including internal controls, evidence documentation, and auditor liaison support.
- Internal control framework
- Evidence & documentation review
- Pre-assurance dry run
- Auditor coordination support
Maritime-Specific ESG Advisory
Tailored advisory on maritime sustainability topics including vessel emissions reporting, seafarer welfare metrics, ship recycling, and port community impact.
- Fleet emissions integration (CII, AER)
- MLC 2006 social metrics
- IHM & ship recycling alignment
- Port & community impact assessment
Frequently Asked Questions
Common questions about our CSRD Reporting services and compliance requirements.
Yes, CSRD can apply to shipping companies, but the scope has changed materially. Under the amended EU framework, mandatory reporting is focused on undertakings and parent groups that exceed both 1,000 employees and €450 million in net turnover, with higher thresholds also applying to third-country groups. Listed SMEs are no longer in mandatory scope. Whether a specific shipping company must report still depends on national transposition and group structure.
Related Solutions
Services that complement CSRD Reporting for comprehensive maritime compliance.
Double Materiality
CSRD-mandated double materiality assessment including stakeholder engagement, impact analysis, and ESRS reporting scope definition.
Learn moreCarbon Footprint
Scope 1-3 fleet emissions inventory, carbon footprint baseline, science-based target setting, and reduction strategy development.
Learn moreEU Taxonomy
EU Taxonomy eligibility screening, technical criteria assessment, taxonomy KPI calculation, and green finance advisory for shipping.
Learn moreReady for CSRD Compliance?
With CSRD reporting deadlines approaching and assurance requirements escalating, early preparation is essential. Get expert guidance on building your maritime sustainability reporting framework.