Princeton, N.J.-based IPA 100 firm Withum (FY24 net revenue of $584.2 million) has rolled out a new outsourcing service offering as part of its sustainability and ESG practice.
Designed to help companies comply with the European Corporate Sustainability Reporting Directive (CSRD), the mandate requires reporting of detailed sustainability performance as it pertains to the European Sustainability Reporting Standards (ESRS).
“Our new service offering is designed with the right mix of people and technology to help companies navigate the complexities of the CSRD, with minimal disruptions to their organization,” said Joe Holman, principal and practice leader for sustainability and ESG at Withum.
The CSRD is being phased in starting in 2024, with the first reports due in 2025. It applies to large companies and listed SMEs within the EU, as well as non-EU companies generating over EUR 150 million in the EU market. Notably, over 10,000 U.S. companies may be unaware that they fall under the CSRD’s requirements.
Joe Holman
Withum’s new service offers the following features:
- Preparation addressing boundaries, materiality assessment and GAP analysis.
- Readiness covered controls testing, documentation and recommendations.
- Data collection encompassing questionnaires, emissions and aggregation.
- Reporting preparation, audit support and ad-hoc reports.
“This new service offering is particularly valuable for companies anticipating CSRD reporting pressures, whether due to direct filing obligations or indirect demands from customers or investors,” added Holman.
