CSRD and ESRS - fundamentals and applied use case

The Corporate Sustainability Reporting Directive (CSRD) is set to usher in significant changes to non-financial reporting for corporations across Europe starting in 2024. This marks the first instance for many of them where non-financial reporting is mandatory, requiring preparation and public disclosure. In this course, our PwC's experts will delve into the basics of CSRD, covering its background, the entities within its scope, the timeline, and key concepts. Additionally, we will apply some of these elements in a practical use case, offering valuable insights.

By the end of this course, participants will be able to:

• understand what CSRD is and grasp the European Sustainability Reporting Standards (ESRS)
• determine the relevance of CSRD for their specific situations including when it might be applicable and the consolidation requirements that are pertinent to them.
• understand the entities within the scope of the CSRD reporting
• comprehend the main concepts embedded in CSRD reporting
• gain insight into how a practical use case for selected CSRD elements may look like

• CSRD requirements and principle context
• CSRD scope and timeline
• CSRD consolidation requirements
• CSRD and ESRS main concepts
• CSRD applied use case

This training is coordinated by Michael Horvath, Partner at PwC Luxembourg and Julien Jacqué, Director at PwC Luxembourg.

Michael has acquired a strong financial and regulatory audit as well as advisory background and significant experience leading projects in the asset management sphere.

In the recent past, Michael has been particularly involved in various regulatory projects related to the implementation of the EU regulatory framework for sustainable finance (i.e. SFDR, taxonomy regulation, CSRD) at entity and product level. Michael is involved in various other regulatory projects for clients, from DORA, AML/CFT regulation over CSSF circular 18/698 to MICA.

Julien is the EMEA Sustainability in Finance Transformation Leader at PwC and is actively engaged in PwC EMEA’s CSRD Centre of Excellence. With over 11 years of consulting experience, he currently oversees PwC LU’s Sustainability Reporting and Transformation services.

Julien holds a degree in Mechanical Engineering and Corporate Finance and has provided extensive support to clients in the implementation of data and technology solutions. Over the past few years, he has assisted both financial and corporate clients in their sustainability journey, spanning strategy, transformation, and reporting. Julien possesses both theoretical knowledge and practical expertise in ESG regulations such as CSRD, EU Taxonomy, EU ETS, and CBAM.