CSRD Handbook for the Chemical Sector

What to expect from this handbook

This handbook provides practical insights and methods to ease CSRD -implementation efforts, focusing on the specificities and complexities of the chemical sector. It includes survey results, practical recommendations, and a step-by-step guide to the Double Materiality Methodology.

Key sections

• Introduction to CSRD: Understand this transformative regulatory framework designed to increase transparency and accountability in corporate sustainability practices.

• CSRD Survey Results: Gain insights from over 100 companies on the readiness of the chemical sector for CSRD implementation.

• Practical Recommendations: Learn about the Double Materiality Methodology, audit readiness tips, and the role of AI in CSRD reporting.

• ESRS Standards: Detailed information on the European Sustainability Reporting Standards (ESRS) and their application for specific situations of the chemical sector.

• Going Beyond CSRD: Explore the strategic benefits of CSRD implementation, including risk mitigation, cost savings, and enhanced corporate reputation.

This handbook has been prepared for general information purposes only and does not constitute professional or legal advice. PwC Enterprise Advisory BV and Cefic aisbl are not liable for any consequences of acting or refraining from acting based on the information contained in this handbook.

This handbook is a living document that evolves with the regulatory landscape, practical experiences, and companies' needs. It currently does not yet incorporate the implications of the EU Omnibus package on sustainability, released on 26 February, which proposes amendments to the Corporate Sustainability Reporting Directive (CSRD)’s scope, reporting timeline, and a simplification of the European Sustainability Reporting Standards (ESRS) set 1. We will actively update this guidance to align with these changes and ensure continued compliance with evolving requirements.