CSRD Compliance for Koskamp
Koskamp B.V.. Koskamp is a Dutch company specializing in the distribution of automotive parts, tyres , and equipment. They offer a wide range of products and services (including training and education) to garages, dealers, and other automotive businesses, focusing on high-quality solutions and customer support.
Challenge
The Corporate Sustainability Reporting Directive (CSRD) will require Koskamp to comply with stricter ESG disclosure rules by 2025. This European directive enhances the scope and depth of required reporting, leaving Koskamp with limited time to adjust. Given the complexity and novelty of these requirements, Koskamp might find it challenging to achieve full compliance without the right guidance. Good Growth Collective is ready to assist Koskamp in navigating these challenges and ensuring full compliance with the CSRD.
Koskamp's CSRD Implementation Phase 1
Step 1: Setting up a CSRD-team
The first step in the process is forming a CSRD team. This team is composed of representatives from various departments within the company to ensure a broad and inclusive range of opinions and perspectives.
Step 2: Double Materiality Analysis
- Impact assessment: during the impact assessment potentially relevant sustainability topics are identified for Koskamp.
- Stakeholder engagement: To incorporate stakeholder opinions, an online survey is sent out. This allows key stakeholders to provide input on what they view as critical sustainability issues.
- Scoring Impacts, Risks, and Opportunities (IRO): For each potentially important topic, the significance is determined based on both impact materiality and financial materiality.
- Materiality matrix: Based on the scores and the established thresholds, a materiality matrix is created, which highlights the material sustainability topics for Koskamp.
Step 3: Gap Analysis
After identifying the material topics, the next step is to assess which data points are already available and which are missing. The gap analysis identifies any management, data, or disclosure gaps, ensuring that all necessary information is gathered promptly to meet CSRD compliance requirements.
Step 4: CSRD Roadmap
The final step involves creating the CSRD Roadmap. This roadmap outlines the necessary next steps for Koskamp to gather all the required data for CSRD compliance. The roadmap provides a clear overview of the actions that need to be taken to meet the compliance requirements. This roadmap serves as the second key deliverable in this process.
Results
- Double Materiality Assessment (DMA) and identification of the key sustainability topics most relevant to Koskamp’s CSRD report.
- Engagement of Koskamp’s stakeholders in the journey toward CSRD compliance and the development of future sustainability strategies.
- Identification of gaps in essential data points and disclosure requirements for which Koskamp needs to gather data and establish policies, action plans, and targets.
- CSRD roadmap outlining next steps toward CSRD compliance and enhanced sustainability.
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