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Coolset offers two integrated modules, Carbon Management and Compliance Management, which can be used separately or combined for a comprehensive approach to sustainability. These modules provide a suite of tools and features to help businesses manage their carbon emissions effectively and achieve sustainability compliance:
Collaboration: A platform tailored for internal and external collaboration, enabling teams and partners to align on sustainability goals and strategies.
Data visualization: Intuitive dashboards and reports for easy interpretation of carbon data.
Carbon management: Accurate measurement and reporting of Scope 1, 2, and 3 greenhouse gas emissions, certified by TÜV Rheinland.
Emission reduction strategies: Identification of areas for emission reduction and implementation of sustainable practices.
Integrated ESG reporting: All-in-one software for streamlined CSRD/VSME/CSDDD reporting.
Stakeholder engagement: Tools for engaging employees, customers, and investors in sustainability initiatives.
Fully integrated Double Materiality Assessment: Consistent evaluation and presentation of both impact and financial materiality.
Comprehensive ESRS topic disclosures: Ensuring full alignment with the regulatory CSRD standards.
Automated CSRD report generation: Simplifying the reporting process with automated features.
Explore these features and more to enhance your sustainability efforts and ensure regulatory compliance. Get in touch.
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CSRD stands for Corporate Sustainability Reporting Directive and aims to standardize sustainability reporting across environmental, social, and governance (ESG) matters to promote transparency and corporate responsibility. It is a regulatory framework established by the EU, impacting approximately 50,000 companies globally, including those already subject to NFRD (Non-Financial Reporting Directive).
However, proposed amendments under the EU’s Omnibus Proposal (February 2025) could significantly alter both scope and timing. Currently, the following entities fall under the CSRD:
Timeline (subject to Omnibus Proposal changes)
Until the Omnibus Proposal is formally adopted by the European Parliament and Council, businesses should continue preparing based on current CSRD requirements, while staying informed of ongoing regulatory developments.
A double materiality assessment is a process companies use to identify which sustainability issues they should report on—based on two perspectives. First, it looks at how environmental and social factors, like climate change or labor practices, might financially affect the business (financial materiality). Second, it considers how the company’s activities impact people and the environment (impact materiality).
Under the CSRD, companies are required to assess and disclose topics that are material from either or both perspectives. This ensures that sustainability reporting reflects not just risks to the company, but also its broader effects on society and the planet.