Simplify your path to CSRD compliance with comprehensive and efficient reporting tools
Confidently manage and report on your ESG data under the European Sustainability Reporting Standards (ESRS) with expert support from IBM Envizi
The IBM® Envizi™ ESG Suite simplifies the large-scale collection, revision, and reporting of ESG data to meet diverse disclosure requirements under the European Sustainability Reporting Standards (ESRS) framework.
Envizi supports a wide range of sustainability reporting frameworks, enabling you to streamline all your ESG reporting on a single platform. In addition to the ESRS, the software fully supports major frameworks such as the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), the United Nations Sustainable Development Goals (SDGs), and the Global Reporting Initiative (GRI), helping you meet diverse reporting requirements with ease.
Explore this product tour to follow the step-by-step process of collecting, processing, and reviewing ESG data, then preparing and extracting ESRS-aligned reports to meet the CSRD requirements.
Module features
Embedded directly in Envizi, the ESRS managed framework includes 160 questions representing Disclosure Requirements (DRs) and Application Requirements (ARs) from the European Financial Reporting Advisory Group’s (EFRAG) Implementation Guidance 3. All the requirements plus Envizi guidance, with content updated as standards evolve, under a unified view.
Envizi provides four data capture methods: manual entry for low-frequency data, direct input for static data, continuous automated capture via connectors, and periodic automated capture via templates. Automated methods are best suited for high-frequency data.
Utilize integrated workflow and collaboration tools, and balance transparency and security among participants using a SOC 2 Type II certified solution with a role-based access control mechanism.
Record the methodology you used to arrive at your disclosure responses. Share records, source data, and supporting documentation with external auditors for verification purposes.
Report-ready data can be extracted in flexible formats to streamline the reporting process and make it the final feature on the list.
A single interface consolidating DRs, ARs, DPs, and Envizi guidance, so you can capture response data right alongside each individual question.
Capture and transform your ESG data (including GHG emissions calculations) in a single system of record. Utilize data management capabilities such as data health checks, monthly normalization, and data visualization and analysis.
Systematically manage all questions, answers, and supporting documents required to align with external reporting frameworks and track progress in real-time.
Reporting to the European Sustainability Reporting Standard is a step-by-step process. Envizi helps you simplify the collection and management of scattered ESG data for effective and auditable reporting that aligns with CSRD requirements.
Conduct a double materiality assessment (DMA) to identify relevant ESRS requirements for your organization. Select the necessary disclosure questions from the Envizi library and create your report skeleton.
Perform a data gap analysis to assess data availability and readiness.
Envizi enables flexible ways to capture data, allowing you to utilize an integrated response management workflow and collaboration tools.
Draw metrics from your ESG data repository in Envizi and other systems, review data completeness, and identify data quality issues with pre-built reports to help you meet the CSRD reporting requirements.
Ensure your responses are complete. Envizi enables you to track all changes, review stages, approvals, comments, and supporting documentation and securely provide auditors with access to the platform.
With all responses approved and assured, compile and export the final data set in flexible formats ready for formatting and tagging.
CSRD compliance
Large listed banks, insurance and large companies already reporting under the Non-Financial Reporting Directive (NRFD).
All companies and their subsidiaries listed on EU regulated markets.
Large, private EU companies.
Non-EU companies with significant business in the EU.
For some companies, disclosure requirements start as early as the 2024 financial year.
Non-compliance can result in financial and administrative penalties.
ESG disclosures start as early as the 2024 financial year for some companies. These resources have been designed to help companies prepare today, ahead of upcoming CSRD compliance requirements.
Listen to Ikano Group describe their journey in preparing for CSRD reporting, from establishing solid governance structures to building a robust data foundation for reporting.
In this video we explain what ESG data is, what makes it so different from other data sets, and what to consider when you capture, manage and report on ESG data.
Article explaining why the CSRD was introduced, compliance requirements, CSRD vs. the NFRD, and penalties for non-compliance.
Download our expert-crafted eBook to learn everything you need to know about complying with the EU's CSRD. Discover who must comply, key reporting requirements, and the risks of non-compliance—all in one essential guide.