Regulatory Reporting Software for ESG Compliance

shaping the future of
sustainable finance

Environmental, Social, and Governance (ESG) sustainability reporting has gained significant importance worldwide, driven by the urgency to address the climate crisis and investors’ demand for reliable data. Regulators across the globe now require companies to provide transparent disclosures on their sustainability practices. In the European Union (EU), the reporting requirements are aligned with the European Green Deal, which aims to transform the EU into a carbon-neutral, resource-efficient, and competitive economy by 2050.

Through a series of regulations and disclosure frameworks, the EU aims to encourage sustainable investments and practices, reduce environmental and social risks, and promote transparency and accountability. Companies operating in the EU are now having to adopt more sustainable practices, adapt their investment strategies and take real action to improve their ESG performance.

shaping the future of
sustainable finance

Environmental, Social, and Governance (ESG) sustainability reporting has gained significant importance worldwide, driven by the urgency to address the climate crisis and investors’ demand for reliable data. Regulators across the globe now require companies to provide transparent disclosures on their sustainability practices. In the European Union (EU), the reporting requirements are aligned with the European Green Deal, which aims to transform the EU into a carbon-neutral, resource-efficient, and competitive economy by 2050.

Through a series of regulations and disclosure frameworks, the EU aims to encourage sustainable investments and practices, reduce environmental and social risks, and promote transparency and accountability. Companies operating in the EU are now having to adopt more sustainable practices, adapt their investment strategies and take real action to improve their ESG performance.

EU ESG Regulatory Reporting

for financial institutions

Corporate Sustainability Reporting Directive (CSRD)

The European Union has introduced of the Corporate Sustainability Reporting Directive (CSRD). This landmark directive aims to enhance transparency and accountability by requiring large EU companies to report on their environmental, social, and governance (ESG) performance.

The CSRD significantly expands the scope of the existing Non-Financial Reporting Directive (NFRD), covering over 50,000 organisations. The regulations also extend to approximately 10,000 non-EU companies with significant operations in Europe.

The CSRD enhances the reporting requirements of the NFRD by providing a framework on a wider range of ESG factors, including:

  • Climate change and resource depletion
  • Human rights and labor practices
  • Biodiversity and ecosystem services
  • Corporate governance and anti-corruption measures

These disclosures will need to be included in annual reports alongside financial information and will be subject to audit assurance.

The European Sustainability Reporting Standards (ESRS) are the defining standards that will be used to implement the CSRD. The ESRS provide companies with a common framework and XBRL taxonomy for to ensure comparability and consistency across different industries as well as machine readability.

Corporate Sustainability Reporting Directive (CSRD)

The European Union has introduced of the Corporate Sustainability Reporting Directive (CSRD). This landmark directive aims to enhance transparency and accountability by requiring large EU companies to report on their environmental, social, and governance (ESG) performance.

The CSRD significantly expands the scope of the existing Non-Financial Reporting Directive (NFRD), covering over 50,000 organisations. The regulations also extend to approximately 10,000 non-EU companies with significant operations in Europe.

The CSRD enhances the reporting requirements of the NFRD by providing a framework on a wider range of ESG factors, including:

  • Climate change and resource depletion
  • Human rights and labor practices
  • Biodiversity and ecosystem services
  • Corporate governance and anti-corruption measures

These disclosures will need to be included in annual reports alongside financial information and will be subject to audit assurance.

The European Sustainability Reporting Standards (ESRS) are the defining standards that will be used to implement the CSRD. The ESRS provide companies with a common framework and XBRL taxonomy for to ensure comparability and consistency across different industries as well as machine readability.

EBA ESG Pillar 3 Disclosures

Alongside the CSDR, the EBA (European Banking Authority) has recently unveiled a comprehensive framework for reporting ESG factors related to banking operations. The ESG Pillar 3 disclosures have been introduced in the EBA DPM 3.3 taxonomy as a set of 10 templates covering:
  1. Climate risks: Assessing exposures to sectors or assets that contribute to climate change and risk exposures subject to climate change weather events.
  2. Mitigating actions: Actions that support counterparties to reduce carbon emissions.
  3. Green Asset ratio: information on transitional and enabling activities that support the objectives of climate change mitigation (CCM) and adaptation (CCA).
  4. Qualitative disclosures: reporting of strategies, governance arrangements, and risk management concerning environmental, social and governance risks.
The disclosure of ESG factors in banking plays a crucial role in enabling stakeholders to evaluate a bank’s environmental risks and its approach to sustainable finance. In particular, stakeholders seek to gain insights into a bank’s strategy for financing the transition towards a zero-carbon economy.

EBA ESG Pillar 3 Disclosures

Alongside the CSDR, the EBA (European Banking Authority) has recently unveiled a comprehensive framework for reporting ESG factors related to banking operations. The ESG Pillar 3 disclosures have been introduced in the EBA DPM 3.3 taxonomy as a set of 10 templates covering:
  1. Climate risks: Assessing exposures to sectors or assets that contribute to climate change and risk exposures subject to climate change weather events.
  2. Mitigating actions: Actions that support counterparties to reduce carbon emissions.
  3. Green Asset ratio: information on transitional and enabling activities that support the objectives of climate change mitigation (CCM) and adaptation (CCA).
  4. Qualitative disclosures: reporting of strategies, governance arrangements, and risk management concerning environmental, social and governance risks.
The disclosure of ESG factors in banking plays a crucial role in enabling stakeholders to evaluate a bank’s environmental risks and its approach to sustainable finance. In particular, stakeholders seek to gain insights into a bank’s strategy for financing the transition towards a zero-carbon economy.

ESG XBRL Reporting Software

Report Authority CSRD Software

CSRD ESRS

  • Report ESEF and ESG disclosures
  • Automate the production of your annual financial statements and ESG disclosures
  • Link to data from OneStream, Oracle HFM & Essbase, and Excel
  • XBRL tag using a simple drag-and-drop interface, AutoTag, suggested tags and advanced search functionality
  • Identify and resolve tagging errors with interactive validation results
  • Export to a variety of formats such as PDF, Word and xHTML
DPM Authority ESG Software

EBA ESG PIllar 3

  • EBA ESG Pillar 3 template generation
  • Generate and import Excel versions of the templates
  • Interactive validations results
  • Automatic calculations
  • Connect to data in OneStream
  • Connect to data in Oracle EPM (HFM & Essbase)
  • Import data from SQL
  • Migrate mappings and data between different taxonomy versions
  • Generate XBRL instance documents

Explore ESG Frameworks

Corporate Sustainability

CSRD's European Sustainability Reporting Standards (ESRS)

The CSRD’s technical standards – known as the European Sustainability Reporting Standards (ESRS) provide a comprehensive framework for companies to report on their sustainability performance.
ESRS Governance Disclosures

EBA ESG Pillar 3 Disclosures

The EBA’s Pillar 3 disclosures provide a comprehensive framework to promote transparency on Environmental, Social or Governance (ESG) risks, encouraging institutions to strengthen their management of these risks and promoting awareness of their key role in the transition to a green economy.

iXBRL enabled report writer for reporting:

  • ESMA ESEF
  • UK HMRC
  • Irish Revenue
  • Danish Business Authority
  • and many others

XBRL Reporting Software for reporting:

  • EBA CRD V (COREP & FINREP)
  • EIOPA Solvency II
  • Single Resolution Board
  • National Banking and Insurance XBRL Reporting

XML Reporting Software for reporting:

  • AIFMD
  • FATCA/CRS
  • Country by Country Reporting
  • MiFID II
  • and many others