CSRD: Corporate Sustainability Reporting Directive What is the CSRD?
The EU is raising the bar on corporate sustainability reporting. The Corporate Sustainability Reporting Directive (CSRD) is a key part of this shift—expanding the scope of reporting requirements and introducing a unified European standard: the European Sustainability Reporting Standards (ESRS).
At PGS Group, we support this evolution. The CSRD builds on the earlier Non-Financial Reporting Directive (NFRD), but now applies to a broader range of companies, both listed and non-listed. Its goal is to deliver structured, comparable, and reliable sustainability data across industries, helping stakeholders understand how companies impact, and are impacted by environmental, social, and governance (ESG) challenges.
Navigating the shift
As part of the broader review of EU sustainability policy, the Omnibus Simplification Package has introduced key changes to the CSRD rollout:
- Higher thresholds for company inclusion
- Two-year delay for many organizations
These adjustments have led to new interpretations of what constitutes proportional and effective reporting, particularly in multi-sector contexts. However, the core framework of the CSRD remains unchanged, and PGS continues to fall within its scope.
Our first CSRD-aligned report will cover the 2027 financial year, with publication scheduled for 2028.
But we’re not waiting. We’re using this time to build the systems, checks, and traceability needed to deliver high-quality, audit-ready ESG data. For us, the CSRD isn’t just about compliance—it’s a strategic opportunity to embed sustainability deeper into our operations and decision-making.
Understanding What Matters Most Double Materiality
At PGS, we’ve already taken key steps to align with the CSRD, starting with a double materiality assessment. This core element of the framework looks at two dimensions:
- How our business impacts people and the environment
- How sustainability issues affect our long-term performance
Through this process, we’ve identified our most material themes, including:
- Climate Change (E1)
- Resource Use and Circular Economy (E5)
- Own Workforce (S1)
- Business Conduct and Corporate Culture (G1)
Investing in quality and structure Laying the foundation for credible reporting
We’re building a strong foundation for credible, future-ready sustainability reporting. Our first milestone is a consolidated ESG activity report for the 2024 financial year, structured according to the ESRS.
To support this, we’ve invested in a dedicated CSRD reporting platform that ensures traceability, data integrity, and alignment from the ground up. We chose to future-proof our reporting process, knowing that structured, high-quality data will be essential as regulation continues to evolve.
At the same time, we’re refining our internal data workflows and responsibilities, embedding sustainability into daily operations and decision-making across the organization.
“We understand that robust, high-quality data is not just about compliance—it’s the foundation for driving real environmental and social impact.” - Patricia, CSR Manager
Shifting from ratings to regulation
While our focus is on preparing for CSRD reporting, we participate in third-party assessments such as EcoVadis and SMETA, particularly for production sites where they are most relevant. However, we believe that the emergence of a standardized EU framework will gradually reduce the reliance on fragmented rating systems, allowing for more meaningful and accountable sustainability performance evaluation.
All rating evaluations are available on our downloads page.
Contact
If you have any questions regarding the CSRD regulation and how PGS Group is preparing for compliance, don't hesitate to contact our CSR team on CSR@pgsgroup.com.
Circular Products and Services
Circularity is at the core of our business models. At PGS Group, we maximize material use through eco-design, repair and reuse services, pooling solutions, and the valorization of byproducts. Discover how our approach keeps resources in use longer—reducing waste and contributing to a more circular economy across the value chain.
EUDR | European Deforestation Regulation
The EU Deforestation Regulation (EUDR) sets strict requirements for placing, exporting, or trading products within the EU that may be linked to deforestation or forest degradation. This article explains the scope of the regulation, its impact on supply chains, and how PGS is preparing to ensure compliance while promoting responsible sourcing across its operations.
Safe and Healthy Work Environment
At PGS Group, safety is not just a policy—it’s part of our culture. From risk prevention and employee training to continuous improvement through audits and performance monitoring, our approach is built on responsibility at every level. Discover how we work toward our long-term goal of zero workplace accidents through practical measures, clear safety rules, and strong local engagement—across all sites and roles.
Dedicated Community Investment
We believe in social engagement and making a positive impact in the communities where we operate. Whereas we have always invested and engaged in our local communities, we wanted to keep track of our positive contributions in a more structural and efficient way. In line with this, we have established the PGS Community Investment Program. This program offers all of our employees the opportunity to support social projects and organizations.