Financial reporting and CSRD training

Prerequisites

You must have a solid understanding of the fundamentals of non-financial reporting (regulatory requirements, risks and challenges, stakeholders) or have completed the training course “The Fundamentals of Non-Financial Reporting” [FHREEX].

Objectives

◗ Distinguish between performance indicators and reporting indicators to clarify the issues at hand.

◗ Apply the four key concepts of non-financial reporting: business model, value chain, analysis and monitoring of IROs, and materiality.

◗ Understand the reporting structure required by the CSRD and the application of the ESRS.

Training program

◗ Define relevant indicators adapted to the CSRD

- The evolving role of indicators in non-financial reporting
- From communication to action: SMART, relevant and verifiable indicators
- Indicator typology: results, resources, impact

✔ UNDERSTAND | Concept Analysis: Characteristics of Relevant Metrics
✔ APPLY | Case Study: Which Metrics Should Be Used to Evaluate the Launch of a Scooter Service?
✔ UNDERSTAND | Group Discussion: What Are the Limitations of Non-Financial Metrics?

◗ Getting to grips with ESRS quality criteria

– The 5 quality criteria for ESRS 1: relevance, reliability, comparability, verifiability, clarity
– Limitations of indicators: inaccuracy, multiple interpretations, bias
– The role of the Finance, HR, and Operations departments in developing indicators

✔ UNDERSTANDING | Text analysis: Breaking down Appendix B of ESRS 1
✔ UNDERSTANDING | Group discussion: What qualities make information useful for decision-making?
✔ UNDERSTANDING | Group discussion: Can everything be automated?

◗ Building indicators based on materiality

- Process for drawing up a materiality matrix
- Dual materiality (impact + financial), stakeholders, value chain
- Integration into strategy and action plans

✔ UNDERSTAND | Illustration: EFRAG diagram for constructing matrices
✔ PRACTICE | Scenario: Evaluating the relevance of a “MECE” indicator framework
✔ UNDERSTAND | Group discussion: Why don’t some groups publish their matrices?

◗ Ensuring data consistency and comparability

- Perimeter, reference points, time horizon
- Value chain: internal and external data, scopes 1/2/3
- Construction, documentation, auditability of indicators

✔ UNDERSTAND | Analysis of practices: extracts from DEUs (TotalEnergies, SNCF, BNP Paribas, ...)
✔ APPLY | Case study: determining a robust social indicator according to ESRS S1

◗ Indicators for investors

– Reminder: Interactions between the CSRD and other European regulations related to non-financial reporting (SFDR, duty of care, etc.)
– Challenges in reading the sustainability report and proposed solutions

✔ UNDERSTANDING | Group discussion: How can non-financial factors be incorporated into a group’s credit rating?

Why choose this course?

The CSRD’s flexibility provisions give companies that are required to comply with or wish to adopt the CSRD the opportunity to further refine their approach to optimize the implementation of this reporting. In this context, it is important to note that the ESRS are not prescriptive, but primarily descriptive. As such, they provide a framework for the indicators to be reported and enhance their quality and relevance.

This training course is designed for finance and operations professionals in companies who wish to understand this approach in order to effectively help improve the relevance of this reporting.

Teaching and assessment methods

Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

€1,295 (excluding tax)

Testimonials

non-financial reporting and CSRD training

Jonathan C.
Company
Training

Generalist trainings