Use Case

CSRD with pigment

Collect your ESRS disclosure requirements and ensure ESG performance.
CSRD and its challenges
Existing processes must be updated, and ESG tools need new functionality to automate data collection, allow collaboration and ensure compliance.
Amounts of data increase, 
as will the number of people involved in the reporting
Auditability and assurance are mandatory
Forward-looking approach in the standards, such as transition plans, for which new reporting processes must be set up

Pigment’s approach to CSRD

A single platform to report under CSRD requirements and to improve ESG performance.
Report on your material impacts, risks and opportunities, but also ensure the resilience of your company by improving your ESG performance, in line with all your cross-functional teams’ priorities.
CSRD reporting dashboard built in Pigment
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Everything and everyone, in one place

Let teams collaborate within one tool that connects multiple sources of data in a single place.
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ESRS readiness

ESRS disclosure requirements are integrated with the tool so you can choose which to report on, from topic to subtopic.

Beyond CSRD: performance management

Advanced analysis and dedicated planning capabilities across all lines of business to assess, coordinate, and improve ESG Performance.

KEY FEATURES FOR CSRD Reporting

import

Intuitive data collection

Collect, assign, validate and monitor data easily from all stakeholders in a visually appealing user interface - in parallel to data integrations.

Reporting status for CSRD showing the level of task completion
two men working at their desk
drill down

Accuracy and auditability

Enjoy transparency and clear audit trails within the tool, as for financial data, and automated processes to ensure accuracy.

scenarios

Scenarios on the fly

Improve your IROs performance, in collaboration with different teams, by simulating the impact of your decisions.

Pigment widget illustrating a GHG emissions scenarios with a bar chart on a green background

ESG planning use cases

Bar chart representing the target to hit for reducing the part of non-disclosed waste

ESG Performance

Control your ESG performance by analyzing your data and setting targets. Monitor with granularity how well your organization meets these targets and simulate the impact of each part of the business on ESG.
See it in action
Pie chart on GHG emissions in Pigment

Carbon Accounting

Measure and manage your greenhouse gas emissions. Track carbon footprints across various business operations, enabling the calculation of direct and indirect emissions (monetary and physical approaches).
See it in action

EU Taxonomy

Calculate your EU taxonomy KPIs within Pigment. Map your financial KPIs according to EU Taxonomy technical criteria and report accurate OPEX, CAPEX and revenues in the correct format.

Social planning

Manage and plan your workforce. Track workforce demographics, identify gaps in diversity, and generate reports that help in making informed decisions for social material matters.

A guide through CSRD

Implementing the Corporate Sustainability Reporting Directive (CSRD) involves several steps to ensure compliance with the reporting requirements and to integrate sustainability considerations into your operations.Here's a general guide on how to put the CSRD in place.

1. Assess applicability

Determine whether your organization falls within the scope of the CSRD based on factors such as size and legal status.

2. Establish governance and accountability

Assign responsibility for CSRD compliance to relevant individuals or departments within your organization, such as sustainability teams, finance, or compliance departments. Establish clear lines of accountability and reporting mechanisms.

How Pigment can help: As an integrated platform, Pigment gathers all kinds of teams and answers to different needs. Our goal is to allow everyone within your company to access CSRD Disclosure Requirements, understand them and report on them. Reporting ownership and accountability can be set-up for each Disclosure Requirement in Pigment.

3. Conduct double materiality assessment

Identify the sustainability topics and indicators that are most relevant and significant to your organization’s activities, operations, and stakeholders. Prioritize the disclosure of key sustainability issues.

How Pigment can help: The double materiality assessment can be hosted in Pigment. By using the EFRAG methodology, you can create questionnaires and send them to stakeholders directly within the platform. Gather scores and create your matrix using various template formats.

4. Conduct a gap analysis

Understand what you have currently, and what you need to have for the future reporting exercise. Prioritize an action plan based on the identified gaps.

How Pigment can help: Conduct your gap analysis in Pigment, for each Disclosure Requirement you must report on. You can set a status (available, partially available, not available) and for each datapoint, you can create and follow in the tool your action plan to ensure your compliance.

5. Develop reporting processes

Develop robust processes and systems for collecting, analyzing, and reporting sustainability data in accordance with the CSRD requirements. Ensure data accuracy, reliability, and consistency over time.

How Pigment can help: Pigment allows for centralized, collaborative and automated data collection, advanced analytics, audit-ready verification processes and comprehensive reporting that integrates both financial and extra-financial performance. These processes ensure that you can demonstrate transparency, compliance and a clear commitment to sustainability while fulfilling CSRD’s stringent requirements.

6. Integrate sustainability into strategy

Embed sustainability considerations into your organization's strategic planning, decision-making processes, and risk management frameworks. Align sustainability objectives with broader organizational goals and objectives.

How Pigment can help: Pigment, as an integrated business platform, can help you to integrate sustainability into your overall strategy by aligning financial, operational, and sustainability goals. Our module is designed so that you can connect any data to any objective. For example, you can connect your sales forecast to your carbon footprint forecast and decarbonation scenarii, to help you to make decisions in line with your ESG objectives.

7. Seek external assurance

Consider obtaining external assurance or verification of your sustainability reports to enhance credibility and trustworthiness. Engage qualified third-party auditors or assurance providers to assess the accuracy and completeness of your disclosures.

How Pigment can help: Pigment grants the same level of transparency and audit trail as for financial data.

8. Engage stakeholders

Consult and engage with internal and external stakeholders, including investors, employees, customers, suppliers, and communities, to understand their perspectives on sustainability issues, and communicate transparently about your company's sustainability performance and initiatives.

How Pigment can help: Create your reports and forms in Pigment to engage stakeholders effectively, in a common platform acting as the single source of truth. Provide clarity on sustainability goals, current performance, forecasted future performance and scenarii of how to act on it.

9. Invest in capacity building

Provide training and capacity-building initiatives for employees involved in sustainability reporting and management. Ensure that staff have the necessary skills, knowledge, and resources to effectively implement the CSRD requirements.

How Pigment can help: By fostering collaboration between teams in the platform and automating key aspects of the reporting process, Pigment helps employees to improve their independence and knowledge regarding reporting requirements. Also, our team at Pigment has integrated the Application Requirements of each Disclosure Requirement, so that contributors and approvers be guided and gain knowledge.

10. Monitor and review

Establish mechanisms for ongoing monitoring, review, and improvement of your company's sustainability performance and reporting practices. Regularly evaluate the effectiveness of your CSRD implementation efforts and the rest of the organization’s involvement in this endeavor.

How Pigment can help: Pigment has created progress monitoring boards, for each ESRS, where contributors, approvers, and ESG teams can monitor the reporting campaign’s progress. Thanks to an enhanced transparency, improvement on every topic is possible by every stakeholder.