Talking ESG: Is your CSRD implementation on track?

Text us your thoughts on this episodeIn this podcast, host Heather Horn sits down with Emily Kirsch, a director in PwC's sustainability practice, to discuss how companies are approaching the Corporate Sustainability Reporting Directive (CSRD) implementation process. The clock is ticking as companies navigate the various phases of the process, including scoping, the double materiality assessment, the gap assessment, and remediation.In this episode, we discuss:2:08  – CSRD implementation process overview and where companies are in the journey2:41 – The importance of scoping and weighing the options for various reporting approaches3:50 – How the double materiality assessment drives reporting requirements5:08 – Key cross-functional workstreams needed and required upskilling7:32 – Applying an integrated approach across multiple ESG frameworks9:16 – Pitfalls and best practices of the double materiality assessment14:50 – Identifying gaps and addressing them as part of the remediation process18:12 – Assessing the timeline for mandatory and voluntary reporting22:13 – Difficulty in collecting data, including the availability of data at a disaggregated level23:56 – A narrow lead time requiring consistent communication company wide26:17 – Common challenges companies are experiencing during CSRD implementation35:25 – Keys to successes throughout the CSRD implementation processLooking for the latest developments in sustainability reporting? Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership on sustainability standards.Emily Kirsch is a director in PwC's sustainability practice focused on sustainability reporting and standard setting in the EU. She advises both public and private companies in navigating complex emerging sustainability reporting requirements and implementing new reporting regulations during periods of change in an organization.Heather Horn is the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.