A Double Materiality Assessment (DMA) helps your company to identify its impacts and business risks and opportunities in your industry and current market situation. The analysis can be carried out to support either CSRD reporting or strategic operations. 

The DMA is a key part of CSRD-aligned reporting and forms the basis for final reporting. With a well-planned and executed DMA, we facilitate the next steps in reporting and ensure that reporting is meaningful and aligned with your business strategy. 

Our experienced consultants thoroughly study your company’s operations, stakeholders and value chain, as well as the impacts, risks and opportunities they entail. The outcome is that your company is informed of the impacts, risks and opportunities that are the most material to your business and reporting needs, practical action proposals and clear documentation that helps you to continue your sustainability work.  

The EU’s Corporate Sustainability Reporting Directive (CSRD) requires companies that are within the scope of the Directive to report more comprehensively and transparently on their sustainability. A CSRD-aligned sustainability report must comply with the ESRS (European Sustainability Reporting Standards), which bring consistency, transparency and comparability to reporting. At the same time, however, they impose strict requirements on companies with regard to the content, structure and presentation of the report. 

Based on the market situation and the requirements of your stakeholders, we can help your company assess whether ESRS-compliant reporting is a good choice as your company's voluntary form of sustainability reporting. 

We can support your company in sustainability reporting in many ways. We can produce comprehensive reporting content or offer consulting services, such as mentoring and training to support reporting. We help companies to produce high-quality and effective reporting content that meets ESRS requirements and comprehensively supports the company’s sustainability communications. More specific information on our assurance services is available here.

The Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME) is becoming a necessary cornerstone of reporting for many companies. The VSME consists of two modules: the base module and the comprehensive module. 

We can help your company in several stages of reporting, such as selecting the scope of reporting and providing training on specific topics. BDO's VSME tool helps you to create a VSME-compliant report quickly and easily.  

We are happy to discuss the planning and implementation of possible alternatives.  

The purpose of the EU Taxonomy is to help a company to demonstrate its sustainable activities to its stakeholders and financial institutions. By reporting on activities covered by the EU Taxonomy, a company can, for example, obtain loans on more favourable terms. 

The EU Taxonomy is also part of the CSRD implementation process and focuses on the environmental aspects of the ESRS standards.  

We offer the measures required by the Taxonomy Regulation as a comprehensive package or by supporting your company’s EU Taxonomy project as part of it. With regard to voluntary EU Taxonomy reporting, we can help your company to identify the areas to be reported in order to ensure effective reporting. Our services also include training and assurance services related to the EU Taxonomy.  

Corporate responsibility themes and sustainability reporting are crucial factors that influence the decisions of clients, partners and investors, and strengthen your company’s competitive position in the market. Sustainability reporting aligned with the EU’s Corporate Sustainability Reporting Directive (CSRD) and ESRS standards provides a comprehensive view of your company’s environmental, social and governance (ESG) impacts. 

Our goal is to help your company to understand the significance of corporate responsibility and sustainability reporting. With our help, your company receives clear-cut instructions for sustainable business and can take advantage of the opportunities presented by sustainability. 

Also read about ESG strategy.