Based on observations on the first cycle of disclosures under the CSRD, KPMG has outlined five key recommendations for streamlining reporting, reducing risks and enhancing disclosure quality
Five recommendations:
- Start drafting narrative disclosures early to allow sufficient time for alignment, review, and refinement across teams
- Define roles and responsibilities, implement structured review processes, and strengthen internal controls. Invest in technology solutions to support more efficient workflows and reduce manual processes
- Strengthen data governance and validation by establishing robust processes and controls to ensure reliable data that supports management decisions and reporting. Write the report clearly, at the right level of detail, and ensure it is well structured, and consistent in tone.
- Engage senior leaders early to elevate the importance of CSRD, drive cross-functional collaboration, and embed sustainability into strategic decision-making
- Reassess what is truly material and focus on areas where the company can make a real impact. Use CSRD as a strategic communication tool