Solutions to support businesses to access and implement directions on sustainability reports

About CSRD

CSRD (Corporate Sustainability Reporting Directive) is an important directive of the European Union (EU), issued to enhance transparency, accountability and sustainability in business activities of businesses. The CSRD replaces the previous Non-Financial Reporting Directive (NFRD), expands the scope of application and requires businesses to report in more detail on environmental, social, and governance (ESG) factors.

The new CSRD requirements not only apply to large enterprises in the EU but also affect many international organizations, including non-EU businesses with supply chains or related business activities. Compliance with CSRD requires thorough preparation of the organization, processes, data, and internal awareness of sustainability.

Demand for CSRD training and consultancy for Vietnamese enterprises

In the context of deep integration, more and more Vietnamese businesses are participating in the global supply chain and expanding the market to Europe. CSRD has become a big barrier but at the same time an opportunity for businesses to improve their management capacity and build sustainable brands. However, approaching and meeting CSRD requirements is a significant challenge, due to differences in awareness, data systems, information synthesis capabilities, and modern reporting approaches.

Therefore, CSRD training, consulting and in-depth guidance services play a key role, helping businesses:

• Understand the nature, scope and impact of CSRD on their business;
• Proactively develop action plans to meet new requirements;
• Improve internal capacity in governance, collection and synthesis of ESG data;
• Ensure transparency and reliability when disclosing information;
• Protect and improve brand reputation in the international market.

Main contents of CSRD training and consultancy services

CSRD training and guidance services usually include the following key contents:

1. CSRD and ESG awareness training

• Update the overview of CSRD and related regulations;
• Explain the meaning, objectives and scope of application of CSRD;
• Analysis of new points compared to NFRD and other reporting standards;
• Training on ESG governance frameworks and sustainability assessment indicators.

2. Assess the status quo & determine the distance

• Survey and evaluate the current status of management practices, internal ESG reporting;
• Identify strengths, weaknesses, opportunities and risks when applying CSRD;
• Prepare a report to analyze the gap between reality and CSRD requirements.

3. Develop an action plan and CSRD compliance roadmap

• Supporting the development of sustainable development strategies integrated into corporate governance;
• Consulting on building a roadmap, dividing the implementation phases and allocating resources appropriately;
• Proposing solutions to improve organizational capacity, data systems and ESG risk management.

4. Guidelines for data collection, management and disclosure practices

• Supporting the establishment of a system for collecting, storing and managing ESG data to meet the requirements of transparency;
• Training skills in data synthesis, information processing and sustainable development reporting;
• Consulting on how to select and apply international standards and indices such as GRI, SASB, TCFD, ESRS…

5. Check, review and evaluate reports according to CSRD

• Review the completeness, accuracy and compliance of the sustainable development report;
• Assess the level of compliance with CSRD requirements and propose improvements;
• Supporting the preparation of dossiers and documents for independent audit (if any);
• Training and guidance on the internal control process for non-financial statements.

6. Communication consulting and sustainable branding

• Supporting businesses to develop communication strategies on sustainable development;
• Training on effective information disclosure methods and brand protection;
• Connect with international associations, organizations and relevant partners to enhance credibility.

Benefits of using CSRD training and consulting services

The use of professional services on CSRD brings many practical benefits such as:

• Save time and costs, avoid wasting resources when doing self-research;
• Quickly access up-to-date knowledge and understanding of practical application in Vietnamese enterprises;
• Accompanied and supported by a team of experienced experts;
• Improve competitiveness and readiness for international integration;
• Increase the trust of partners, investors and the community.

Cooperation process and service implementation

A standard process when cooperating with CSRD training and guidance services usually goes through the following steps:

• Receiving needs, preliminary survey of enterprises;
• Analyze the current situation, develop a roadmap, sign a consultancy contract;
• Organize training, seminars, and in-depth consultation for each department;
• Supporting businesses to build data systems, establish internal processes;
• Evaluate and review the results, complete the report and transfer the dossier;
• After-service care, update support, and answer arising problems.

Sustainability and CSRD compliance reports are an inevitable trend, helping businesses improve their governance and affirm their position in the international market. CSRD training and consulting services not only help businesses meet regulations but also create a foundation for long-term sustainable development. Investing in CSRD training and consulting is a strategic step, bringing real value to businesses in the new business era.