EARLY ADOPTERS’ CSRD REPORTING

The We Mean Business Coalition analyzed 30 early adopters of the EU's Corporate Sustainability Reporting Directive (CSRD) to showcase innovative solutions for challenging disclosure requirements. The report highlights diverse approaches to double materiality assessments, TCFD-aligned climate risk quantification, Scope 3 emissions 'hot-spotting', and supply chain due diligence. It emphasizes that while many early adopters are only partially aligned with the regulation, their methods for reporting on internal controls, whistleblower cases, and climate transition action plans serve as practical guides for companies facing mandatory reporting from 2024.

• Companies are utilizing various formats for Double Materiality Assessments (DMA) beyond the classic x-y axis diagram, including table formats for deeper granularity and color-coded tables to illustrate materiality.
• While many companies have adopted TCFD-inspired reporting, the quantification and monetization of climate-related risks and the effective use of scenario analysis remain rare practices.
• To manage the complexity of Scope 3 emissions, some companies employ 'hot-spotting' to identify priority sources or use the 'Supplier Cascade method' to drive climate action through subsequent tiers of the supply chain.
• Climate Transition Action Plans (CTAPs) are frequently presented as waterfall models, though some companies provide further detail on cost impact trends and quantified analysis per emission source.
• Reporting on internal controls specifically for sustainability reporting is currently rare, as most companies typically only report on financial internal controls.
• Early adopters are implementing diverse methods for supply chain due diligence, including desktop assessments, on-site audits, and the reporting of non-compliance cases leading to the termination of business relationships.

APA

We Mean Business Coalition (n.d.). EARLY ADOPTERS’ CSRD REPORTING. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/06/WMBC_Early_Adopters_CSRD_reporting.pdf

Chicago

We Mean Business Coalition. EARLY ADOPTERS’ CSRD REPORTING. n.d. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/06/WMBC_Early_Adopters_CSRD_reporting.pdf.

Wikipedia

{{cite report |author=We Mean Business Coalition |title=EARLY ADOPTERS’ CSRD REPORTING |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/06/WMBC_Early_Adopters_CSRD_reporting.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{wemeanbusinesscoalitionndearly, author = {{We Mean Business Coalition}}, title = {{EARLY ADOPTERS’ CSRD REPORTING}}, institution = {We Mean Business Coalition}, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/06/WMBC_Early_Adopters_CSRD_reporting.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }