Coolset’s new “Supporting evidence” feature helps businesses validate their sustainability claims in CSRD reporting

September 24, 2024
3
min read

Disclaimer: Latest EUDR developments

On 21 October, the European Commission proposed targeted changes to the EU Deforestation Regulation (EUDR). These adjustments aim to make the rollout smoother without changing the regulation’s overall goals.

Key points from the proposal:

  • The 30 December 2025 compliance deadline for large and medium operators remains unchanged.
  • Small and micro primary producers (such as farmers and foresters) may receive an extension until 30 December 2026.
  • A transition period from January to June 2026 is planned for large and medium companies, giving them time to adapt before formal checks and penalties begin.
  • New, simplified obligations are introduced for two groups: small and micro primary producers, and downstream operators (e.g. manufacturers, retailers).

Read the full explainer here.

The Corporate Sustainability Reporting Directive (CSRD) requires companies to provide verifiable and auditable information about their sustainability efforts, including their environmental, social, and governance (ESG) practices. This goes beyond data reporting – it also mandates companies to back up each claim with appropriate documentation, ensuring accuracy and transparency of the reporting process.

In response to this need, Coolset has launched its new Supporting evidence feature. Supporting evidence makes it simple for businesses to attach relevant documentation to each individual data point in their double materiality assessment or ESRS disclosure. By doing so, auditors can easily trace and verify the original data sources, ensuring compliance with CSRD regulations while streamlining the entire audit process.

To see how supporting evidence can help sustainability and compliance teams in practice, read our article on Preparing EcoVadis supporting documents.

An integrated solution for supporting evidence

Coolset’s Supporting evidence feature offers a seamless solution for managing all the necessary supporting documents within the reporting process. The feature allows users to:

  • Upload supporting documentation (PDFs, Word docs, images, and more) to an integrated document library.
  • Attach existing documents to specific data points in their CSRD reporting.
  • Export supporting evidence alongside their CSRD reporting, allowing team members and auditors to easily access, review and analyze the original data.

Making verification smoother for auditors

Thanks to Coolset’s Supporting evidence feature, auditors can now access organized and comprehensive documentation, making the verification process for CSRD reporting quicker and more efficient. This increased efficiency ensures faster compliance verification while reducing the workload for sustainability and compliance teams.

Try out Supporting evidence and other top features in our interactive demo.

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