Sustainability now: Determining required reporting

Mar 11, 2025

Valerie Wieman, a PwC National Office partner with over 30 years of experience in sustainability reporting, breaks down the intricacies of sustainability reporting frameworks. She explains the Corporate Sustainability Reporting Directive (CSRD) and its significant role in shaping reporting obligations for companies. Valerie also discusses how entities can determine their compliance requirements, navigate exceptions for subsidiaries, and adapt to evolving global standards. Practical tips provide clarity on managing sustainability metrics amidst complex regulations.

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INSIGHT

Applicability is Reporting's First Step

Applicability is the first real step in sustainability reporting because it defines which companies must comply.
It's complex due to multiple frameworks and the shift from voluntary to mandatory reporting.

INSIGHT

Difference Between CSRD and ESRS

CSRD is the directive defining which companies are in scope for EU sustainability reporting.
ESRS are the detailed standards developed by EFRAG that specify the disclosure requirements under CSRD.

INSIGHT

CSRD Large Entity Criteria

Large entities under CSRD meet 2 of 3 criteria: balance sheet over €25M, revenue over €50M, or 250+ employees.
Criteria apply over two successive years and include parent entities plus subsidiaries.

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A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.

We're excited to continue a video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.

Understanding which sustainability reporting frameworks apply to your company is a crucial first step in compliance. In this episode, we break down the complexities of determining which reporting frameworks apply to which entities, from the EU’s Corporate Sustainability Reporting Directive (CSRD) to the International Sustainability Standards Board’s standards. We also explore how companies can navigate reporting requirements across jurisdictions.

In this episode, we discuss:

2:20 – Where to begin the reporting process
4:29 – Determining if an entity falls under the CSRD requirements
28:58 – ISSB adoption and global reporting considerations
31:17 – Practical advice for companies navigating reporting developments

ICYMI: Check out the first two episodes of this miniseries, Sustainability now: Navigating shifts in the reporting landscape and Sustainability now: An overview of key reporting frameworks.

Looking for the latest developments in sustainability reporting?

*Refer to our publication on the EU Omnibus proposals to amend certain of the reporting requirements, including some that may be mentioned in this episode (this episode was recorded prior to the release of the Omnibus)
Read PwC’s Sustainability reporting guide
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About our guest
Valerie Wieman is a PwC National Office partner with over 30 years of experience. She is one of the firm’s technical experts on sustainability reporting and helps lead the creation, development, and publication of our brand-defining thought leadership, with a focus on domestic and international sustainability requirements.

About our host
Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.