Reporting is entering a new era with the introduction of the Corporate Sustainability Reporting Directive (CSRD), representing one of the most significant changes in decades. This EU directive demands detailed disclosures across thousands of sustainability, governance, and risk-related questions. With its initial implementation set for next year for large companies, and a broader rollout across Norway and the EU within three years, CSRD introduces not only new compliance requirements but also a host of challenges. For many, CSRD reporting has been described as daunting—a process that requires significant competency, time, and effort. Gathering data, understanding the framework, and producing compliant reports can feel like a burden. That’s why we’ve been hard at work crafting a solution to make your reporting journey as smooth as possible. We’re proud to announce the CSRD reporting module in Morescope.
Understanding the Challenges
Getting an Overview
CSRD is vast. Understanding what to report on, how to align with the framework, and identifying gaps can be overwhelming. Many organizations struggle with:
Navigating a complex framework and understanding the official documentation.
Understanding and tracking data gaps.
Understanding what has to be done now and what can be handled at a later time.
Reporting
The reporting process itself adds to the challenges. It often involves:
Repetitive work and manual task delegation.
Difficulty tracking progress.
Gathering data from multiple departments.
Time-consuming manual XBRL-tagging in tools like InDesign or Arelle.
How Morescope Addresses These Pain Points
Streamlining Overviews with the Report Dashboard
Our report dashboard is designed to simplify the CSRD reporting process by giving you a clear overview of the framework and your progress:
Comprehensive Overview: Track your journey through CSRD reporting, from data gaps to completed tasks.
Task Tracking: See activities and tasks you’ve been tagged in, and understand your contributions to the overall report.
Structured Insights: Following the EFRAG framework, all data points are consolidated in one place, ensuring clarity and ease of navigation.
Materiality Settings: Filter questions based on materiality, data gaps, and optional reporting, helping you focus on what matters most.
Efficient Reporting Processes
Morescope helps eliminate repetitive tasks and manual workflows by introducing:
Automation: Automatically pull data from other parts of the app and utilizing your existing data
Aggregation: Data is aggregated in line with your organizational and control structure
Task Delegation: Assign tasks to contributors both inside and outside the app. Each team member has access to a personalized report page, showing only the tasks they’ve been delegated.
Supplier Outreach: Collaborate with suppliers to gather relevant data directly.
Export Options: Seamlessly export your reports in Excel, Word, or PDF formats, with automatic XBRL tagging coming in 2025.
Leveraging AI for Smarter Reporting
With frameworks like CSRD containing thousands of questions, leveraging existing documentation efficiently is crucial. Morescope AI can:
Map Documentation: Analyze your existing documents and match them to the correct CSRD questions.
Generate Responses: Provide accurate, document-based responses without fabricating data.
Ensure Data Security: All AI-processed data is securely stored in Northern Europe and is not used for large AI model training.
The Bigger Picture: Simplifying Sustainability Reporting
CSRD represents a transformative shift in how companies approach sustainability and governance. Our goal with Morescope is to help you navigate this change effortlessly. By integrating automation, leveraging existing data, and providing an intuitive framework, we aim to reduce the time spent on compliance and maximize the time you can dedicate to driving sustainability performance and creating value.
With Morescope’s CSRD reporting solution, you can:
Save time by automating repetitive processes.
Ensure compliance by aligning with official EFRAG guidelines.
Make use of existing documentation
Focus on impactful actions rather than administrative tasks.
It’s time to embrace a more streamlined, efficient approach to sustainability reporting. Start your journey with Morescope today and see how we can transform the way you approach CSRD compliance.
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