Complying with the Corporate Sustainability Reporting Directive (CSRD) can involve significant costs, especially for companies that are new to sustainability reporting.

There is no total cost as it can differ per business, however the main costs for CSRD include the cost for:

- Data collection
- Implementing new reporting systems
- Conducting materiality assessments
- Ensuring third-party audits
- Team and resourcing.
- Upkeep and continuous reporting.

Depending on the size and complexity of the business, these costs can vary widely, but they are an essential investment in maintaining compliance and avoiding penalties.

While these costs might seem high initially, they can be offset by the long-term benefits of improved transparency, better risk management, and enhanced stakeholder trust.

To get a more detailed estimate of the costs involved in CSRD compliance for your business, consider using cost calculators or consulting with experts who specialise in ESG reporting.

Here are Futureproof, we give companies an affordable solution to all meet your CSRD needs. Get started today.